Includes bibliography and index.

Chapter 1. The nature of accounting and its business environment -- Chapter 2. Assets, liabilities, capital, revenue, and expenses of the financial statements -- Chapter 3. The accounting equation -- Chapter 4. Recording business transactions (double-entry system) -- Chapter 5. Adjusting journal entries -- Chapter 6. Completing the accounting cycle -- Chapter 7. The merchandising business -- Chapter 8. Accounting for freight -- Chapter 9. Completing the accounting cycle: the worksheet, adjusting journal entries, closing entries, and the statement of cost of goods sold -- Chapter 10. Value added tax -- Chapter 11. Subsidiary ledgers and special journals -- Bibliography -- Index.

Fundamentals of Business, Management, and Accountancy 1 presents basic accounting lessons in logical sequence, complete with drills, exercises, and chapter tests. These activities aim to give students the necessary practice to reinforce their understanding and mastery of the subject matter. Every lesson is presented in an easily comprehensible manner without sacrificing substance. The step-by-step presentation of topics facilitates student understanding and prepares them for their next accounting subjects.
The work text comes with an electronic module to give the students an unparalleled learning experience they will surely enjoy! In this technological age when the computer is very much a part of the students' lives, it becomes an important learning tool to achieve maximum learning as they actively engage themselves in the learning process.