2nd Edition by Edwin Olima FCCA
you find accounting and keeping accounts complicated, you are about
to be enlightened. Even trained accountants can get stuck sometimes.
secret to understanding accounts is to work from a series of
intuitive record keeping methods through to the integrated practice
of accounting. That way one can easily understand a set of accounts
and know where the figures come from and how they were compiled.
doing all the exercises in this book you can create a simple set of
accounts and truly understand the cornerstone of one of the highly
paid professions in the world.
this book is for
book is suitable for:
New and veteran
Trainee students of
Managers who need to
Anyone baffled by
accounts and/or accountants
required and Benefits to be gained
1 hour per chapter that is 15 hours in total, by which time you will
have learnt how to keep your accounting records for life.
the case of trainee accountants this time will put you firmly on the
path to a clear-headed career in accountancy.
working knowledge of accounting is not only useful knowledge in
itself, it is a useful skill to trade in. This is what this book
attempts to give you.
Sample Business and Assumptions
Assume you are in April 3001 and preparing last years
The Company Limited
Buying and selling computers
1333 GHZ Computers
Added Tax: 17.5%
Pack (See APPENDIX
that as we are using methods that appeal to ones intuition the
individual exercises of the book are easy to follow. However,
remember that the integrated practice of accounting is not obvious.
So let us begin piecing together the easy to follow components of
accounting and thereby gain an integrated practical working