BUSI4002 Accounting and Finance

Recommended Reading for Financial Accounting

Lecture 2: Basics of financial accounting

Elements of the financial statements

Chapter 1, Accounts Demystified, The Astonishingly Simple Guide to Accounting, Anthony Rice

Chapter 2, remaining pages, International Financial Reporting, A Practical Guide, Alan Melville

Double entry book-keeping

Chapter 2, Accounts Demystified, The Astonishingly Simple Guide to Accounting, Anthony Rice

Structure of the financial statements

Chapters 3 & 4, Accounts Demystified, The Astonishingly Simple Guide to Accounting, Anthony Rice

(note that the cash flow statement is in ‘old UK GAAP’ style, but the principles are the same)

Chapter 3, International Financial Reporting, A Practical Guide, Alan Melville

From book-keeping to financial statements

Year end adjustments related to the accruals basis

Chapter 5, Accounts Demystified, The Astonishingly Simple Guide to Accounting, Anthony Rice

Or

Chapter 4, MBA Accounting, Roger Hussey