This text provides coverage of the theory and practice of accounting at Foundation level. Graded exercises and examination questions provide practice and self-review. The book is used on courses such as ACCA, CIMA, AAT, ICSA, BA Accounting and Business Studies, BTEC HNC/D Business and Finance and IComA. This edition incorporates information technology applications by Ron Fraser. Most of the exercises and questions have been set up to be done on a spreadsheet in specially designed templates. A disk in Supercalc, Lotus or Works is available to lecturers. The case study in business transactions can be used as practice in computerized accounting and as a stepping stone to a full-blown computerized accounting system. Students can also explore "what if" situations as an aid to learning. Full instructions are given in the book on the use of the spreadsheet. A lecturers' free supplement comes with the course text. An ELBS/LPBB edition is available.