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Essential Accounting for Cambridge IGCSE® & O Level

A step-by-step approach for the latest Accounting syllabus

Author David Austen, Author Christine Gilchrist, and Author Peter Hailstone

Suitable for:  Students of Cambridge IGCSE & O Level Accounting (0452/7707)

Price:  £24.50

ISBN: 978-0-19-842483-3
Publication date: 03/05/2018
Paperback: 344 pages
Dimensions: 265x195mm

Evaluation copies must be ordered on a school account.
More information on school accounts

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Support your EAL learners with the clear approach of Essential Accounting for Cambridge IGCSE & O Level (Third Edition), which builds understanding and confidence. Written by examiners, it is fully matched to the latest syllabus (0452/7707), for examination from 2020


  • Be confident of full support with a comprehensive syllabus mapping grid and learning objectives drawn directly from the latest syllabuses (0452/7707)
  • Embed understanding for EAL students with specialist vocabulary clearly highlighted and explained Engage students and link learning to real life with international, up-to date case studies
  • Build assessment confidence with updated exam-style questions and guidance, including support for command words
  • Support learning with interactive tests, exam-style practice and Student Book answers on the accompanying support site

This page was last updated on 16 January 2019 at 04:30 GMT

Table of Contents

Syllabus matching grid
The fundamentals of accounting
1.1: The accounting equation: assets, liabilities and capital
1.2: The accounting equation and simple statements of financial position
1.3: Preparing a classified statement of financial position
Practice questions
Source and recording data
2.1: The effect of transactions on items in a statement of financial position
Practice questions
2.2: Preparing simple ledger accounts
2.3: Preparing ledger accounts
2.4: Using expense, purchases, sales and drawings accounts
2.5: Getting used to the new accounts
Practice questions
2.6: The trial balance
Practice questions
2.7: Preparing simple income statements
2.8: Preparing the first part of the income statement
2.9: Preparing the second part of an income statement
Practice questions
2.10: How to balance accounts
2.11: How to close accounts
Practice questions
Source documents and books of prime entry
2.12: Source documents and credit purchases
2.13: Posting the purchases journal
2.14: Recording credit sales
2.15: Trade discount
Practice questions
2.16: Recording purchases returns
2.17: Recording sales returns
Practice questions
2.18: The two-column cash book
2.19: Cash discounts
2.20: The three-column cash book
Practice questions
2.21: The petty cash book
2.22: Recording petty cash payments
2.23: Preparing a petty cash book
Practice questions
2.24: The general journal
2.25: Making journal entries
Practice questions
Verification of accounting records
3.1: The trial balance and the correction of errors
3.2: Errors not revealed by a trial balance (part 1)
3.3: Errors not revealed by a trial balance (part 2)
3.4: Errors that are revealed by the trial balance
3.5: Correction profits and statements of financial position
Practice questions
3.6: Bank reconciliation statements
3.7: How bank statements are prepared
3.8: Comparing a cash book (bank columns) with a bank statement
3.9: The reconciliation process
Practice questions
3.10: Control accounts
3.11: Preparing sales and purchases ledger control accounts
3.12: Other entries in control accounts
3.13: More about preparing control accounts
Accounting procedures
4.1: Capital and revenue expenditure
4.2: Capital and revenue receipts
Practice questions
4.3: Accounting for depreciation and the disposal of non-current assets

4.4: How to calculate deprecation
4.5: Recording depreciation in accounts
4.6: Depreciation and the statement of financial position
4.7: Recording the disposal of a non-current asset
Practice questions
4.8: Other payables and other receivables: adjusting expenses
4.9: Other payables and other receivables: adjusting income
4.10: Preparing an income statement with adjustments to expenses and income
Practice questions
4.11: Irrecoverable debts and provisions for doubtful debts
4.12: Irrecoverable debts; recovery of debts written off
4.13: Provision for doubtful debts
4.14: Keeping a provision for doubtful debts up to date
Practice questions
4.15: The effect of inventory on gross profit
4.16: Valuation of inventory
4.17: More about income statements
Practice questions
Preparation of financial statements
5.1: Sole traders and financial statements
5.2: More about the statement of financial position
Practice questions
5.3: Partnerships: introduction
5.4: Sharing profits and losses
5.5: More about sharing profits and losses
5.6: Preparing the accounting records
5.7: Partnerships statements of financial position
Practice questions
5.8: Limited companies: introduction
5.9: Limited companies: background
5.10: Debentures; dividend calculations
5.11: Financial statements
5.12: Statement of changes in equity
5.13: Statement of financial position
Practice questions
5.14: Clubs and societies: background
5.15: Preparing a receipts and payments account
5.16: Subscriptions and revenue-raising activities
5.17: Statements of financial position
Practice questions
5.18: Manufacturing accounts: background
5.19: Preparing a manufacturing account
5.20: Manufacturer's financial statements
Practice questions
5.21: Incomplete records: background
5.22: Calculating profits and losses from minimal information
5.23: Preparing end-of-year financial statements from basic records
5.24: Using ratios to find missing figures
5.25: Preparing financial statements: illustration
Practice questions
Analysing and interpretation
6.1: Accounting ratios: introduction
6.2: Income statement and statement of financial position ratios
6.3: Interpretation of accounting ratios: introduction
6.4: Interpreting the income statement
6.5: Interpreting the statement of financial position
6.6: Interpreting a business's results
Practice questions
Accounting principles and policies
7.1: Accounting principles: introduction
7.2: Accounting principles: part 1
7.3: Accounting principles: part 2
7.4: Accounting principles: part 3
Practice questions