Accounting Foundations Text 2011 edition

Author(s): Russell Gordon


Level 1 Accounting allows students to: apply financial knowledge and skills to given situations, develop communication skills, develop numeracy skills, develop problem-solving skills, develop self-management skills. An understanding of accounting as a financial language for individuals, community organisations and businesses will enable students to apply financial knowledge and skills in their daily lives. ACCOUNTING FOUNDATIONS FOR NCEA LEVEL 1 is a user-friendly textbook, in line with both current and proposed Level 1 Accounting Achievement Standards, that aims to guide students to success in NCEA Accounting. It covers the foundations of accounting for sole proprietors, community organisations and individuals: the conceptual basis of accounting, processing financial information for a sole proprietor, preparing financial statements for sole proprietors operating periodic inventory systems, analysing and interpreting financial statements, accounting systems for individuals and/or households, reporting financial information for community organisations, reporting financial information for sole proprietors operating perpetual inventory systems.


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Demonstrating an understanding of accounting concepts for small entities Processing financial transactions for a small entity Preparing financial statements for sole proprietors Interpreting accounting information for sole proprietors Preparing financial information for a community organisation’s annual general meeting Making a decision for an individual or group Demonstrating an understanding of cash management for a small entity

General Fields

  • : 9781442539273
  • : Pearson Education New Zealand Limited
  • : Longman
  • : February 2011
  • : 240x185mm
  • : December 2010
  • : books

Special Fields

  • : Russell Gordon
  • : Paperback
  • : 2nd New edition
  • : 174
  • : Colour and black and white illustrations