Accounting again; accruals and prepayments on cashflows-indirect method?

Accounting again; accruals and prepayments on cashflows-indirect method?
I can't find anything on the internet. So I was thinking if for example expense on profit and loss was larger than the actual cash paid, then to move from my profit figure to the cash I add on the difference of P&L and the cash paid and vice versa? Is that true for any deffered payments? Noone replied to my last accounts question so Im worried. Please do so if you know anything about this-thank you very much!!!!
Homework Help - 0 Answers
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Answer 1 :
For Expenses: P&L Charge = Pre-payment b/f - Accrual b/f +Amount Paid - Pre-payment c/f + Accrual c/f. So swapping around to get cash flow from P&L: Cash Flow (out) = P&L + Acc b/f - Acc c/f - PP b/f + PPc/f. I hope that this gets you started. PS I have answered your other question.

can u move onto an accounting degree on the second if you did a IT degree in the first year?

can u move onto an accounting degree on the second if you did a IT degree in the first year?

Higher Education (University +) - 1 Answers
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Answer 1 :
I should think so, but you better ask your tutor.

Reccommend a book on UK tax/accounting for newly self-employed?

Reccommend a book on UK tax/accounting for newly self-employed?
Can anyone reccommmend a book that will guide me through basic accounting and record keeping and UK tax deductions, I am just going self-employed. Most of the books on Amazon seem to be aimed at an American audience.
United Kingdom - 4 Answers
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Answer 1 :
I'll be honest and say hire a local accountant. I work with self employed people everyday and most inform me that after a few hours with an accountant, they are actually saved money. The accountant saves them more in deductibles than it cost to pay they're hourly rate.
Answer 2 :
I would recommend an accountant to do your yearly accounts.
Answer 3 :
Try the following books for the tax aspects: Which Tax Handbook 2008/9: http://www.amazon.co.uk/Handbook-2008-Which-Essential-Guides/dp/1844900452/ref=pd_sim_b_3 or the Daily Mail Tax Guide 2008/9: http://www.amazon.co.uk/Daily-Mail-Tax-Guide-2008/dp/1846680891/ref=pd_bxgy_b_img_a For general advice on various aspects of being self-employed and sample forms try: http://www.lawpack.co.uk/Business/Self-Employment/product797.asp Hope that helps. One way to approach this is to use an accountant to set things up in the first year and then use that as an example to do it yourself in subsequent years.
Answer 4 :
HI Just read this book and its very simple and easy to follow.I have had a small business for many years (now closed ) so it was good to learn the basics again. It is ACCOUNTS DE MYSTIFIED by Anthony Price . Should be able to get it from your local library.The ISBN is 9780273714927 if that helps Good luck josh

what are the limitations of accounting entity concept?

what are the limitations of accounting entity concept?
meaning, justification and limitations of accounting entity concept.
Corporations - 1 Answers
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Answer 1 :
Hiya, This website has come up on a search regarding your question and seems to fit the bill :) http://www.duncanwil.co.uk/concepts.htm