Basic concepts in accounting -- Transactions -- Ledger accounts -- The accounting cycle -- Trial balance -- Presentation and disclosure of financial ststements -- The ajusting and closing process -- Applications of accounting systems -- Receivables and payables -- Inventories -- Cash and cash equivalents -- Non-current assets -- Non-trading entities -- Partnerships -- The company as an entity -- Company financial statements -- Close corporations -- Statement of cash flows -- Head office and branches -- Budgets -- Analysis and interpretation of financial statements.