Accounting practice:
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| Previous Title: | Glautier, M. W. E. Basic accounting practice |
|---|---|
| Main Authors: | , |
| Format: | Book |
| Language: | English |
| Published: |
London
Pitman
1994
|
| Edition: | 4. ed. |
| Subjects: | |
| Online Access: | Inhaltsverzeichnis |
| Item Description: | Bis 3. Aufl. u.d.T.: Glautier, Michael W.: Basic accounting practice |
| Physical Description: | XIV, 462 S. |
| ISBN: | 0273604732 |
Staff View
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| 100 | 1 | |a Glautier, Michael W. E. |e Verfasser |4 aut | |
| 245 | 1 | 0 | |a Accounting practice |c M. W. E. Glautier ; B. Underdown |
| 250 | |a 4. ed. | ||
| 264 | 1 | |a London |b Pitman |c 1994 | |
| 300 | |a XIV, 462 S. | ||
| 336 | |b txt |2 rdacontent | ||
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| 500 | |a Bis 3. Aufl. u.d.T.: Glautier, Michael W.: Basic accounting practice | ||
| 650 | 7 | |a Accountancy |2 gtt | |
| 650 | 7 | |a Comptabilité - Problèmes et exercices |2 ram | |
| 650 | 7 | |a Comptabilité |2 ram | |
| 650 | 4 | |a Accounting | |
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| 780 | 0 | 0 | |i Früher u.d.T. |a Glautier, M. W. E. |t Basic accounting practice |
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Record in the Search Index
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|---|---|
| adam_text | vi Accounting Practice
Methods of depreciation 75
Depreciation and the valuation of assets 78
The economic life of an asset 80
The disposal of fixed assets 81
Asset values and cash flows 83
SSAP 12: Accounting for depreciation 85
6 Partnership and limited companies 93
Financial accounting for partnerships 93
The proprietary theory and partnerships
94
The appropriation of net profit 94
The control of partnerships 97
Financial accounting for limited liability
companies 99
Formal requirements for company status
100
Share capital and shareholders equity
101
Types of shares 101
Preference shares 102
Ordinary shares 103
Deferred shares 103
Share capital transactions 104
The formation of a company by the
acquisition of a business 104
Goodwill 105
Loan capital 107
The profit and loss account of a company
108
The appropriation of profit 108
The balance sheet of a company 111
The disclosure of accounting information
111
Companies Acts: format for vertical
balance sheet 113
7 Control of working capital 129
The journal 130
The concept of working capital 130
The control of debtors 131
Discounts allowed 133
Other items 134
Sales returns 134
Dishonoured cheques 134
Bad debts 134
The control of creditors 136
Stock control 140
Controlling the flow of stock 141
Purchases 141
Stock 141
The valuation of stock 143
FIFO 144
LIFO 144
AVCO 145
Retail price less gross margin 146
Selecting the method of valuation 146
FIFO 146
LIFO 147
AVCO and retail price 147
Stock control and stock valuation 147
Periodic or perpetual control? 149
SSAP 9: Stocks and long term contracts
154
Cash flow statements 154
Reporting cash flows 154
8 Interpretation of accounts 166
Interpretation 167
Limitations of conventional financial
analysis 167
Interpretation by ratio analysis 167
Accounting ratios 168
9 Valuation and inflation 184
Valuation 184
The objectives of valuation 184
The valuation of assets 185
Alternative valuation methods 185
Historical cost 187
Realizable value 187
Replacement cost 187
Current cost 187
Inflation 188
Fixed assets and depreciation 189
The cost of sales adjustment (COSA) 193
Identifying the cost of sales 194
Balance sheet representation of stock
under CCA 195
The monetary working capital adjustment
(MWCA) 197
The gearing adjustment 199
CONTENTS Preface to the Fourth Edition ix
Acknowledgements xi
Introduction xiii
PART 1 FINANCIAL ACCOUNTING
1 The financial accounting framework 3
The accounting entity 3
Bookkeeping and the dual aspect 4
The ledger 10
The bookkeeping system 11
2 Profit measurement and the final
accounts 16
The meaning of profit 16
Profit as a change in net worth 17
Profit measurement and the maintenance of
capital 18
The profit and loss account 19
Preparing the profit and loss account 20
Calculating the gross margin 20
Stock valuation 21
No value attached to closing stock 21
Closing stock shown at market value
21
Closing stock shown at cost value 22
Integrating closing stock in the
bookkeeping system 23
Calculating the net profit 24
The trial balance and the preparation of the
profit and loss account and the balance
sheet 27
3 Periodic profit measurement: some
further adjustments 34
The accrual of revenue and expenses 34
The accrual of expenses 35
Expenses paid in arrears 35
Expenses paid in advance 37
Accrued expenses: summary 38
The accrual of revenues 39
The treatment of bad and doubtful debts 41
Bad debts 41
Doubtful debts 42
Bad and doubtful debts: additional
considerations 44
Bad debts 44
Doubtful debts 45
Adjustments and the extended trial balance
45
The extended trial balance 45
4 Accounting concepts and the need for
standards 53
Accounting Concepts 53
The entity concept 54
The money measurement concept 54
The dual aspect concept 55
The cost concept 55
The going concern concept 55
The realization concept 56
The concept of periodicity 56
The matching concept 57
The accruals concept 57
The concept of consistency 58
The concept of prudence 59
Accounting standards 60
Accounting Standards Committee (ASC)
62
SSAP 2: Disclosure of accounting policies
63
Accounting Standards Board (ASB) 64
5 Assets: recognition and depreciation 66
The meaning and nature of assets 66
Fixed assets 67
Current asset 69
The concept of depreciation 70
The maintenance of capital 70
Providing for depreciation 72
Financial implications of depreciation 73
Depreciation and the allocation of costs
over time 73
Depreciation and profit measurement 74
PART 2 ACCOUNTING FOR PLANNING
AND CONTROL
Introduction 207
10 Basic cost accounting 209
Manufacturing accounting 209
The flow of costs 211
Accounting for material costs 213
Accounting for overhead costs 215
Accounting for cost of goods sold 216
Predetermined overhead costing 221
Under or over absorbed factory overheads
225
Job order costing 228
Process costing 229
The production cost report 230
The flow of costs in a process cost system
233
Processing losses 234
Accounting for opening work in progress
stocks 235
Joint costs and byproduct costs 239
Joint products 239
Byproducts 240
11 Long range planning and capital
budgeting 242
The nature of capital investment decisions 243
Methods of evaluation 244
The payback method 244
The accounting rate of return 245
Discounted cash flow methods 247
The net present value 247
The internal rate of return 247
Calculating the internal rate of return
249
The payback period revisited 250
Gross and net present value index 252
Calculating the cost of capital 252
Evaluating risk 254
Probability analysis 254
Decision trees 256
Appendix 1: Dividends as a basis for the
valuation of shares 257
Appendix 2: Present value of £1 260
12 Budgeting for profitability 261
Establishing profit goals and sales forecasting
262
Contents vii
Cash flows and profit performance 262
Non profit making organizations 263
Sales forecasting 264
The role of cost volume profit analysis in
profit planning 265
Planning 265
The contribution margin statement 268
The break even chart 270
The profit volume chart 271
Calculating the break even point 273
The effects of changes 273
Risk and profit planning 277
The budgeting process 279
Budgeting for cash 287
Providing flexibility in budgeting 294
13 Cost analysis for Short term tactical
Decisions 297
Relevant data for making tactical decisions
298
The contribution margin and limiting factors
301
Examples of tactical decisions 304
The make or buy decision 305
The sell or further process decision
309
Dropping a product line 309
Special order pricing 311
The analysis of the firm s activities 312
Linear programming 313
14 The control of profitability 318
Control of costs 318
Standard costing 319
The analysis of variances 322
Direct materials and direct labour
variances 322
The accounting disposition of variances
325
1 Direct materials cost 325
2 Direct labour cost 327
3 Completion of job 327
Control of factory overheads 329
Control of revenues 335
ANSWERS 337
INDEX 453
|
| any_adam_object | 1 |
| author | Glautier, Michael W. E. Underdown, Brian |
| author_facet | Glautier, Michael W. E. Underdown, Brian |
| author_role | aut aut |
| author_sort | Glautier, Michael W. E. |
| author_variant | m w e g mwe mweg b u bu |
| building | Verbundindex |
| bvnumber | BV010059838 |
| classification_rvk | QP 800 |
| ctrlnum | (OCoLC)31075932 (DE-599)BVBBV010059838 |
| dewey-full | 657 |
| dewey-hundreds | 600 - Technology (Applied sciences) |
| dewey-ones | 657 - Accounting |
| dewey-raw | 657 |
| dewey-search | 657 |
| dewey-sort | 3657 |
| dewey-tens | 650 - Management and auxiliary services |
| discipline | Wirtschaftswissenschaften |
| edition | 4. ed. |
| format | Book |
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| id | DE-604.BV010059838 |
| illustrated | Not Illustrated |
| indexdate | 2024-07-09T17:45:45Z |
| institution | BVB |
| isbn | 0273604732 |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-006674133 |
| oclc_num | 31075932 |
| open_access_boolean | |
| owner | DE-703 DE-188 |
| owner_facet | DE-703 DE-188 |
| physical | XIV, 462 S. |
| publishDate | 1994 |
| publishDateSearch | 1994 |
| publishDateSort | 1994 |
| publisher | Pitman |
| record_format | marc |
| spelling | Glautier, Michael W. E. Verfasser aut Accounting practice M. W. E. Glautier ; B. Underdown 4. ed. London Pitman 1994 XIV, 462 S. txt rdacontent n rdamedia nc rdacarrier Bis 3. Aufl. u.d.T.: Glautier, Michael W.: Basic accounting practice Accountancy gtt Comptabilité - Problèmes et exercices ram Comptabilité ram Accounting Rechnungswesen (DE-588)4048732-5 gnd rswk-swf Rechnungswesen (DE-588)4048732-5 s DE-604 Underdown, Brian Verfasser aut Früher u.d.T. Glautier, M. W. E. Basic accounting practice HBZ Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=006674133&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Glautier, Michael W. E. Underdown, Brian Accounting practice Accountancy gtt Comptabilité - Problèmes et exercices ram Comptabilité ram Accounting Rechnungswesen (DE-588)4048732-5 gnd |
| subject_GND | (DE-588)4048732-5 |
| title | Accounting practice |
| title_auth | Accounting practice |
| title_exact_search | Accounting practice |
| title_full | Accounting practice M. W. E. Glautier ; B. Underdown |
| title_fullStr | Accounting practice M. W. E. Glautier ; B. Underdown |
| title_full_unstemmed | Accounting practice M. W. E. Glautier ; B. Underdown |
| title_old | Glautier, M. W. E. Basic accounting practice |
| title_short | Accounting practice |
| title_sort | accounting practice |
| topic | Accountancy gtt Comptabilité - Problèmes et exercices ram Comptabilité ram Accounting Rechnungswesen (DE-588)4048732-5 gnd |
| topic_facet | Accountancy Comptabilité - Problèmes et exercices Comptabilité Accounting Rechnungswesen |
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