System Fundamentals of Financial Accounting
Subtitle: New syllabus
Series: CIMA Learning System; CIMA Learning System
Publisher: Elsevier
Published: 2006
Place of publication: Burlington
Language: eng
Format: [electronic resource] :
Number of pages: 754
ISBN-13: 9780080501574
Subjects: Financial accounting; Accounting; Bookkeeping system; Financial statements; Business -- Accounting
Description: CIMA's Official Learning System has been written by former CIMA examiners in conjunction with the CIMA faculty. They provide a clear logical route through the new syllabus to specifically prepare students to pass, first time. CIMA Official Learning Systems include: * Step-by-step coverage directly linked to the CIMA syllabus learning outcomes * Chapter and topic summaries * Extensive question practice * Complete Revision section * CBA style mock exam * Two colour layout for easy navigation The ring binder format allows you to add in your notes as you wor.
Notes: Description based upon print version of record.

4.5 Balancing off the ledger accounts
Table of contents: title: Front cover; Title page; Copyright page; Table of contents; Contents; The CIMA Learning System; How to use your CIMA Learning System; Guide to the Icons used within this Text; Study technique; Planning; Tips for effective studying; Computer-based assessment; The Fundamentals of Financial Accounting Syllabus; CIMA Certificate in Business Accounting 2006 Syllabus; Syllabus Outline; Learning Aims; Assessment Strategy; 1 The Accounting Scene; LEARNING OUTCOMES; 1.1 Introduction; 1.2 What is accounting?; 1.2.1 The objectives of accounting; 1.3 Who uses financial statements?; title: 1.4 The qualitative characteristics of financial statements1.5 Terminology; 1.5.1 Bookkeeping; 1.5.2 Financial accounting; 1.5.3 Management accounting; 1.6 The differences between external and internal information; 1.7 What is a business organisation?; 1.7.1 Profit-making organisations; 1.7.2 Non-profit-making organisations; 1.8 Summary; 1 Revision Questions; Question 1; Question 2; Question 3; 1 Solutions to Revision Questions; Solution 1; Solution 2; Solution 3; 2 The Framework of Financial Statements; LEARNING OUTCOMES; 2.1 Introduction; 2.2 The separate entity convention; title: 2.3 The accounting equation2.3.1 The accounting equation in action; Exercise 2.1; Solution; 2.4 The accounting equation and the balance sheet; 2.4.1 The contents of a balance sheet; 2.4.2 Vertical presentation of a balance sheet; 2.5 The income statement; 2.5.1 The cost of goods sold; Exercise 2.2; Solution; Exercise 2.3; Solution; 2.6 Profit and cash; 2.7 Capital and revenue; 2.7.1 Capital transactions; 2.7.2 Revenue transactions; 2.8 Summary; 2 Revision Questions; Question 1; Question 2; Question 3; Question 4; 2 Solutions to Revision Questions; Solution 1; Solution 2; Solution 3; title: Solution 43 The Accounting System in Action; LEARNING OUTCOMES; 3.1 Introduction; 3.2 What is a ledger account?; 3.3 What is double-entry bookkeeping?; Exercise 3.1; Solution; 3.4 Bookkeeping entries for expenses and revenue; 3.4.1 Bookkeeping entries for purchases and sales; Exercise 3.2; Solution; Exercise 3.3; Solution; 3.4.2 Nominal ledger accounts; 3.5 Balancing the accounts; 3.5.1 Calculating the balance on the account; Exercise 3.4; Solution; Exercise 3.5; Solution; 3.6 Summary; 3 Revision Questions; Question 1; Question 2; Question 3; Question 4; 3 Solutions to Revision Questions; title: Solution 1Solution 2; Solution 3; Solution 4; 4 Summarising the Ledger Accounts; LEARNING OUTCOMES; 4.1 Introduction; 4.2 Preparing the trial balance; 4.2.1 Does the trial balance prove the accuracy of the ledger accounts?; Exercise 4.1; Solution; Exercise 4.2; Solution; 4.3 Preparing a statement of profit; 4.3.1 The trading account; Exercise 4.3; Solution; Exercise 4.4; Solution; 4.3.2 The income statement; Exercise 4.5; Solution; Exercise 4.6; Solution; 4.3.3 The balance on the income statement; 4.3.4 Dealing with drawings; 4.4 Preparing the balance sheet; Exercise 4.7; Solution