About Financial Accounting (Volume 1) – Lexis Nexis

Description

The accelerating globalisation of business has affected South Africa in many ways, and the discipline of accounting has not been left untouched. Accounting is a challenging subject because it is always changing. These changes are reflected in this book, but the authors have not lost sight of the fact that the basic principles of accounting have not altered since the invention of double-entry bookkeeping centuries ago.

One has to learn to crawl before one can walk. This is a fact of life and a reflection of life itself. With this in mind, many aspects of the intricacies of disclosure and the exact or complete disclosure requirements of generally accepted accounting practice were left for the more advanced student of accounting. This book is not  intended to be a reference book  Rather, the following guidelines were adopted by the authors:

• Simplicity
• Basic Principles
• Creating Knowledge Blocks
• Practical Application
• Demonstration by way of Examples