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Accounting For Dummies, 4th Edition

Accounting For Dummies, 4th Edition

John A. Tracy

ISBN: 978-1-118-05235-8

Apr 2011

408 pages

Select type: E-Book



Learn the basics of practical accounting easily and painlessly with Accounting For Dummies, 4th Edition, which features new information on accounting methods and standards to keep you up to date. With this guide, you can avoid accounting fraud, minimize confusion, maximize profits, and make sense of accounting basics with this plain-English guide to your accountant’s language. Understand how to manage inventory, report income and expenses for public or private companies, evaluate profit margins, analyze business strengths and weaknesses, and manage budgets for a better bottom line.

Introduction 1

Part I: Opening the Books on Accounting 11

Chapter 1: Accounting: The Language of Business, Investing, Finance, and Taxes 13

Chapter 2: Financial Statements and Accounting Standards 31

Chapter 3: Bookkeeping and Accounting Systems 53

Part II: Figuring Out Financial Statements 75

Chapter 4: Reporting Revenue, Expenses, and the Bottom Line 77

Chapter 5: Reporting Assets, Liabilities, and Owners' Equity 97

Chapter 6: Reporting Cash Flows 119

Chapter 7: Choosing Accounting Methods: Different Strokes for Different Folks 137

Part III: Accounting in Managing a Business 159

Chapter 8: Deciding the Legal Structure for a Business 161

Chapter 9: Analyzing and Managing Profit 183

Chapter 10: Financial Planning, Budgeting, and Control 205

Chapter 11: Cost Concepts and Conundrums 223

Part IV: Preparing and Using Financial Reports 245

Chapter 12: Getting a Financial Report Ready for Release 247

Chapter 13: How Lenders and Investors Read a Financial Report 271

Chapter 14: How Business Managers Use a Financial Report 293

Chapter 15: Audits and Accounting Fraud 311

Part V: The Part of Tens 321

Chapter 16: Ten Accounting Tips for Managers 323

Chapter 17: Ten Tips for Reading a Financial Report 333

Glossary: Slashing Through the Accounting Jargon Jungle 343

Index 357