Contemporary Financial Accounting

Contemporary Financial Accounting is now available. The book has been revised according to the international accounting standards covering the needs of Pakistani students. It caters syllabuses of B.Com, B.Com Hons. , BBA, MBA and M.Com programs. A Teacher’s Resources Pack for Contemporary Financial Accounting is also available.

Contemporary Financial Accounting Product Features

• According to the revised international accounting standards

• Covers everything from accounting cycle to financial statements

• Concepts explained with practical and real-life implementations

• Teacher’s Resource Pack available

Teacher’s Resource Pack Contains:

• PowerPoint Presentations

• Solutions of the Questions

• Objective Type Question Bank

Contents in Brief

• The Nature of Accounting

• Recording Business Transactions

• Starting the Accounting Cycle Journal, Ledger, Trial Balance

• The Accounting Cycle Continued: Work Sheet, Financial Statements, and Adjusting Entries

• Completing the Accounting Cycle for a Service Business: Closing Entries and the Post-Closing Trial Balance

• Internal Control and Accounting for Cash

• Banking Transactions and Bank Reconciliation Statement

• The Voucher System

• Accounting for a Merchandising Business: Purchases and Cash Payments

• Accounting for a Merchandising Business: Sales and Cash Receipts

• The Perpetual Inventory System

• Accounting for Bad Debts

• Work Sheet and Adjustments for a Merchandising Business

• Merchandise Inventory Adjustment and Work Sheet Using the Perpetual Inventory System

• Financial Statements and Closing Entries for a Merchandising Business

• Locating and Rectifying Accounting Errors

• Accounting for Plant Assets and Depreciation

• Statement of Cash Flows

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