Table of Contents

Part 1 Introduction: forms of business organization; some common accounting terminology. Part 2 Financial accounting: introduction to financial statements; interpretation of accounts; cash flow forecasts; working capital management. Part 3 Management accounting: budgeting and standard costing; job costing and process costing; behavioural aspects of budgets. Part 4 Basics of business taxation: taxable profits; computation of assessable profit; basis of assessment; dates tax due for payment; capital allowances; trading losses; partnership assessments; limited companies. Part 5 Finance: types and methods of issue of long-term capital; raising short-term funds; dividends and drawings.