Accounting literature refers to the procedural and conceptual approaches in the teaching of an introductory accounting course. This book integrates these two approaches by teaching students to understand the why, before considering the how of accounting. The pedagogical philosophy used here is referred to as the ‘concepts model’, hence the title. 

1 The Accounting Environment 

2 Fundamental Accounting Concepts 

3 The Accounting Equation and the Analysis of Transactions 

4 Recording External Transactions 

5 Recording Internal Transactions 

6 Preparation and Presentation of Financial Statements

7 Closing Entries 

8 Value-added Tax 

9 Purchase and Sale Transactions 

10 Analysis Journals 

11 Property, Plant and Equipment 

12 Inventory and Cost of Sales 

13 Accounts Receivable 

14 Cash and Cash Equivalents

15 Accounts Payable 

16 Owner's Equity and Non-current Liabilities 

17 Partnerships 

18 Companies 

19 Statement of Cash Flows 

20 Analysis of Financial Statements 

21 Non-business Entities