Accounting For Dummies, 6th Edition
Want to make sense of accounting basics but don't know where to begin? This new edition of Accounting For Dummies helps you speak your accountant's language with ease—minimizing confusion as you maximize profits. Written in plain English, it quickly gets you up to speed on how to manage inventory, report income and expenses for private or public companies, evaluate profit margins, analyze business strengths and weaknesses, manage budgets for a better bottom line, and so much more.
Whether you're a small business owner, a manager with budget responsibilities, or just want to understand your 401(k) statements, this friendly guide helps you get a handle on all those columns of numbers—without losing your cool. From tips for getting the most out of reading a financial report to ways to analyze and manage profit—and everything in between—it gives you the jargon-free introduction to accounting you need to make sense of those numbers.
- Get the scoop on accounting basics and standards
- Read and understand financial statements with ease
- Report income and expenses for public or private sectors
- Create great financials and boost your bottom line
If the thought of accounting gives you anxiety, you're in luck! Accounting For Dummies is your no-nonsense ticket to success!
Part 1: Opening the Books on Accounting 5
CHAPTER 1: Accounting Spoken Here 7
CHAPTER 2: Introducing Financial Statements 29
CHAPTER 3: Keeping the Books and Guarding the Family Jewels 53
CHAPTER 4: Knowing the Accounting Entity 77
Part 2: Exploring Financial Statements 101
CHAPTER 5: Reporting Profit or Loss in the Income Statement 103
CHAPTER 6: Reporting Financial Condition in the Balance Sheet 129
CHAPTER 7: Reporting Cash Sources and Uses in the Statement of Cash Flows .153
CHAPTER 8: Financial Accounting Issues 171
Part 3: Reading Financial Reports 191
CHAPTER 9: Getting a Financial Report Ready for Release 193
CHAPTER 10: Reading a Financial Report 215
CHAPTER 11: Inside Information for Managers Only 241
Part 4: Accounting in Managing a Business 261
CHAPTER 12: Analyzing Profit 263
CHAPTER 13: Accounting for Costs 285
CHAPTER 14: Budgeting 307
Part 5: The Part of Tens 327
CHAPTER 15: Ten Tips for Managers 329
CHAPTER 16: Ten Tips for Reading a Financial Report 339
Appendix: Glossary: Slashing through the
Accounting Jargon Jungle 349
John A. Tracy, CPA, a former staff accountant at Ernst & Young, taught accounting at the University of Colorado for many years. Tracy authored the first five editions of Accounting For Dummies. His other books include How to Read a Financial Report and Accounting Workbook For Dummies.