Accounting: A Practical Approach: A Practical Approach (3e) : 9781442528000

Accounting: A Practical Approach: A Practical Approach (3e)

Wilson, Valerie
Published by
Pearson Australia
In stock
Title type
Title type

This edition of Accounting: A Practical Approach continues to provide an easy to read, practical introduction to accounting concepts. The many worked examples and illustrations put the theory into context. Students can then apply their knowledge with a wide variety of self test questions.

Table of contents
  • Section 1 Accounting to trial balance
  • Chapter 1 Introduction to accounting – theory and principles
  • Chapter 2 Account identification, transaction analysis and the accounting equation
  • Chapter 3 Service industry accounting – general ledger, trial balance and introduction to financial reports
  • Chapter 4 Retail industry accounting using perpetual and periodic inventory – general journal, general ledger, trial balance and introduction to financial reports
  • Chapter 5 Special transactions
  • Chapter 6 Accounting to trial balance – cash and credit journals using perpetual inventory
  • Chapter 7 Subsidiary ledgers – accounts receivable (debtors) and accounts payable (creditors)
  • Chapter 8 Petty cash
  • Chapter 9 Banking procedures and bank reconciliations
  • Section 2 Prepare financial reports
  • Chapter 10 Finding profit in the general ledger and basic financial reports – for service and retail industries
  • Chapter 11 End of period adjustments
  • Chapter 12 Worksheets for final reports
  • Chapter 13 Final reports including end of period adjustments
  • Chapter 14 Correction of errors
  • Chapter 15 Depreciation and disposal of non-current assets
  • Section 3 Solutions to self-test questions
  • Chapter 16 Solutions
New to this edition
  • Supports delivery of competencies from the FNS10 Training Package 
  • Includes coverage of both periodic and perpetual inventory systems 
  • Now covers GST Paid and GST Collected in Supplier and Customer Statement Reconciliations, plus debtor management 
  • Enhanced coverage of depreciation and disposal of non current assets, including Gain or Loss on disposal 
  • Coverage of receipting and banking has been expanded to include credit cards.
Features & benefits
  • Worked Examples illustrate how to put the theory into practice 
  • Self Test questions test student understanding of the theory
Author biography

Valerie Wilson has more than 25 years experience in Vocational Education and Training (VET), teaching in the areas of introductory, financial and corporate accounting, and has experience in internal audit organisations.

Suellen Freeman is a head teacher of accounting, banking and finance with many years of teaching experience in VET.

John Freeman has been teaching accounting and finance in the VET sector since 2002 after a long career as an accountant in government and commercial organisations.

Target audience
  • BSBFIA401A     Prepare financial reports
  • FNSACC301A  Process financial transactions and extract interim reports
  • FNSACC302A  Administer subsidiary accounts and ledgers
  • FNSACC303A  Perform financial calculations
  • FNSACM301A  Administer financial accounts
  • FNSACM302A  Prepare, match and process receipts
  • FNSACM303A  Process payment documentation
  • FNSACM401A  Evaluate and authorise payment requests
  • FNSBKG402A  Establish and maintain a cash accounting system
  • FNSBKG403A  Establish and maintain an accrual accounting system
  • FNSCRD302A  Monitor and control accounts receivable
  • FNSCRD403A  Manage and recover bad and doubtful debts
  • FNSCRD405A  Manage overdue customer accounts
  • FNSORG301A  Administer fixed asset register
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