Author: Russell Gordon

Published: 2012

Published: by Pearson

Pages: 368

Format: Paperback

Suitable: Year 12 NCEA Level 2

Description:

Accounting Concepts and Processes Workbook NCEA Level 2 has been written to support the work you undertake in your class room. It is a comprehensive workbook, containing enough text and a wealth of exercises and activities to help you to understand and achieve the requirements for all the Achievement Standards at NCEA Level 2.

·  Accounting is simply the art of communicating financial information to interested parties to allow them to make informed decisions about relevant aspects of an entity they are interested in. In this workbook we:

·  Re-visit the concepts that set the parameters for and usefulness of the information provided to make financial decisions 

·  look at subsystems that trading businesses find interesting, such as inventory, accounts receivable and accounts payable

·  take another look at financial statements covered at Level 1 and introduce a new statement: Statement of Changes in Equity

·  analyse and make sense of the information provided in the financial statements

·  look at how businesses can operate robust accounting systems.

Level 2 Accounting builds on the knowledge gained at Level 1 and broadens the user's understanding of the purposes and uses that accounting information can be put to.