Encyclopaedia of Teaching of Accounting

In preparing financial statements, the accountant has several measurement system to choose from. Assets, for example, may be measured at what they cost in the past or what they could be sold for now to mention only two possibilities. to enable users to interpret statements with confidence should use the same measurement concepts or principles. If the tax administration discovers that additional tax is due, a deficiency statement is issued. Virtually all countries that with holding on wages and salaries. Accounting systems are designed mainly to provide information that managers and outsider can use in decision making. They also serve other purposes: to produce operating documents, to protect the company's assets, to provide data for income tax returns, and in some cases, to provide the basis for reimbursement of costs by clients or customers. Accounting systems must provide means of reducing the chance of losses of assets due to carelessness or dishonesty on the part of employees, suppliers, and customers. Organised in two volumes consisting of total twenty five chapters, this work focuses on basic issues and principles of Accounting. Thus this has become encyclopaedic in nature. Teaching aspect is emphasised in particular. As all the issues in the context of Teaching Accountancy have been discussed in the present book in detail, it is hoped that it will be a very useful volume work for all concerned.