Financial Literacy for the 21st Century: An accounting and personal finance perspective chapters facilitate easy understanding of basic financial accounting, inventories, cash budget, preparation and analysis of financial statements in accordance with International Financial Reporting Standards (IFRS), core elements of money management, and payroll. It is suitable for tertiary-level students, new entrepreneurs, Master of Business Administration (MBA) or Master of Business Leadership (MBL) students and others who want to become more self-aware of financial matters and become financially literate. There are many practical examples, self-assessment questions, lecture support material (available to prescribing academics) which will guide and support the reader towards using this financial knowledge and skills to manage financial resources effectively over time.

Contents include the following:

• Conceptual Framework
• Accounting Equation
• Subsidiary Journal
• Account Receivable/Payables
• Non-current Assets (Asset disposal)
• General Ledger and Trial Balance
• Inventories
• Presentation of Financial Statements
• Analysis and Interpretation of Financial Statements
• Cash Budget
• Personal Finance
• Payroll (Wages and Salaries)