Summary: Basic Accounting Concepts, Principles, and Procedures Volumes 1 and 2 together provide the student and self-study user the most complete introduction to basic accounting available, at a price that ensures outstanding value. Together, both volumes and included disks provide a package that contains all the individual resources that are typically required of a student in a first-course accounting class, plus extra content that serves both as enrichment and as a practica ...show morel resource.
The two volumes together include:
Volume 1 begins by introducing the reader to essential business concepts and business types. This is followed by an overview of the accounting process and in-depth training in transaction analysis. This approach makes it much easier for the reader to understand the procedures in a basic accounting system, particularly the use of debits and credits, than with traditional texts. After this preparation, the text explains the essential elements and procedures of a basic accounting system: chart of accounts, debits/credits, journal, ledger and ledger accounts, posting process, trial balance, and preparation of financial statements from trial balance.
The final section of the book provides a comprehensive introduction to corporate accounting. This includes an explanation of the corporate entity, corporate stock transactions, stockholder equity changes, and corporate financial statements. ...show less