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NEW EDITION
978 1 48512 948 6 978 1 48512 949 3 6e 2019
648 PAGES
ZAR R594.00 ZAR R566.00
CONCEPTS-BASED INTRODUCTION TO FINANCIAL ACCOUNTING, A
DL KOLITZ
Accounting literature refers to the procedural and conceptual approaches in the teaching of an introductory accounting course. This book integrates these two approaches by teaching students to understand the why, before considering the how of accounting. The pedagogical philosophy used is referred to as the ‘concepts model’, hence the title. This impacts on both the order of teaching of the topics, as well as how various topics are taught. The impact of the concepts-based approach is particularly evident in the chapters relating to the accounting process where students gain a complete conceptual understanding of the underlying transactions before applying the accounting equation and then only processing the transactions through bookkeeping entries. Students are able to acquire a conceptual understanding of each topic before considering the procedural aspects.
The sixth edition of A Concepts-based Introduction to Financial Accounting is up to date with the requirements of the 2018 Conceptual Framework as well as the current requirements of International Financial Reporting Standards.
It incorporates all of the successful pedagogical features of earlier editions such as learning path tools at the beginning of each chapter, the highlighting of key definitions in the text, the integration of pause-and-reflect scenarios throughout the text as well as and extracts from published financial statements within each chapter that relate to the chapter content.
MAIN UPDATES IN THE NEW EDITION
The emphasis of the concepts-based approach to the teaching of the accounting process is a complete conceptual understanding of the underlying transactions before the transactions are processed through bookkeeping entries.
JUTA ACCOUNTING CATALOGUE |
2018/2019
CONTENTS
• The Accounting Environment
• Fundamental Accounting Concepts
• The Accounting Equation and the
Analysis of Transactions
• Recording External Transactions
• Recording Internal Transactions
• Preparation and Presentation of
Financial Statements
• Closing Entries
• Value-added Tax
• Purchase and Sale Transactions
• Analysis Journals
• Property, Plant and Equipment
KEY FEATURES
• Inventory and Cost of Sales • Accounts Receivable
• Cash and Bank
• Accounts Payable
• Owner’s Equity and Non-current Liabilities
• Partnerships
• Companies
• Close Corporations
• Statement of Cash Flows
• Analysis of Financial Statements • Non-business Entities
• Incomplete Records
•
• •
• •
‘Business in Focus’ section where a real-life scenario is discussed in the context of the chapter contents.
‘Dashboard’ which guides the student on how to study the particular chapter. The transactions in the Smart Concepts case study (that runs from Chapter
2 to 7) have been grouped into distinct sets to make the case study more manageable and understandable to students.
In addition, there is a innovative way of explaining and linking each transaction to the conceptual underpinning, the accounting equation and the double entry system.
All journal entry account names now have a suffix, A (for asset), L (for liability), I (for income), E (for expense) and OE (for owners equity). This helps students to understand journal entries and constantly relate back to the conceptual underpinnings.
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