Basics of Accounting () von Carsten Berkau

1 Conventions 2 Cafeteria Example and what is on the Balance Sheet 3 Shareholders' View 4 Legal Aspects of Accounting 5 The Excel Accountant 6 Introduction to Balance Sheet and Income Statement 7 Activities on the Asset Side of the Balance Sheet 8 Activities on Both Sides of the Balance Sheet 9 Profit and Loss Activities 10 Introduction to T-Accounts for Items on the Balance Sheet 11 T-Accounts for Profit and Loss 12 Introduction to Bookkeeping Entries 13 Special Asset Accounts 14 Special Equity Accounts 15 Special Liability Accounts 16 Reconciliation Accounts 17 Depreciation 18 Further Expenses and Accruals 19 Accounting for Labour 20 Trading Business Purchases and Returns 21 Trading Business Purchases and Returns plus VAT 22 Trading Business Sales and Returns 23 Trading Business Sales and Returns plus VAT 24 Privately-owned Business: Drawings 25 Production Firms 26 Inventory Systems 27 Cost Formulas 28 Income Statement Following the Cost of Sales Format 29 Trial Balance 30 Tax Calculation, Profit Appropriation and Changes in Equity 31 Multiple-Period Bookkeeping 32 Introduction to Statements of Cash Flows 33 Establishment of a Business and Legal Form Changes 34 Liquidations 35 Disposals 36 Discounts and Rebates 37 Cash Book: Reconciliation with the Bank Statement 38 Petty Cash Book 39 Books of Original Entry

This textbook introduces you to international bookkeeping and accounting. It is designed as self study materials and covers the syllabus of an introductory class in accounting. After studying the Basics, you are well prepared to keep bookkeeping records and prepare financial statements like the balance sheet, the income statement, the cash flow statement and the statement of changes in equity. All chapters outline the learning objectives, provide an overview, include case studies and how-it-is-done-paragraphs. They end with a summary, the explanation of new technical terms and a question bank with solutions for checking your learning progress. On the internet, you can find more than 350 exam tasks including solutions as well as youtube-videos from the author. The textbook prepares you to study accounting and assists you with the transition from German bookkeeping to international accounting when qualifying for IFRSs.

Prof. Dr. Carsten Berkau teaches accounting at Osnabrück University UAS and in South Africa, Malaysia, South Korea and China. Further books: Financial Statements, Bilanzen and Management Accounting.