Fully covering the syllabus but without excessive detail, this book is written in clear English and uses an attractive, simple layout. With a large bank of practice questions and comprehensive solutions to help you with learning each topic, this book is an essential tool for passing your ACCA exam.This book covers everything you would expect from an exam-focused text:The context and purpose of financial reportingQualitative characteristics of financial informationThe accounting equation and double-entry bookkeepingRecording transactions: sales, purchases and cashInventoryNon-current assetsAccruals and prepayments. Receivables and payablesProvisions and contingenciesCapital structure and finance costsTrial balance, correcting errors and suspense accountsControl accounts and bank reconciliationsPreparing financial statementsStatements of cash flowsIncomplete recordsConsolidated financial statementsAssociatesInterpretation of financial statements