Small Business Accounting

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Six Things in an Annual Report Necessary for Fundamental Analysis

After a huge annual report arrives in the mail, you may not know where to begin. So here are six things you should always consider when you get an annual report to make sure you are picking up the key [more…]

Great Financial Web Sites for Raising Capital

If you’re trying to raise capital for your business venture, you can turn to a considerable number of comprehensive Web sites for financial information. Strengthen your quest for capital by visiting these [more…]

Business to Take Care of before You Open Your Bed & Breakfast

Your bed & breakfast is a business, so you need to get your ducks in a row and necessary forms filled out and filed before you open your doors to guests. Use the following list [more…]

Explaining Accounting Equations

Accounting equations can be tricky to remember, so this handy reference gives you everything you need to do your sums easily and, more importantly, correctly. [more…]

Connections between Profit & Loss Statement and Balance Sheet Accounts

We make remembering accounting rules and connections easy. The following list shows the connections between the Profit & Loss Statement and the balance sheet accounts. [more…]

Adjustments to Net Income for Determining Cash Flow from Operating Activities

Debtors, stock and prepaid expenses are operating assetsused in the profit making process. Creditors and accrued expenses payable are operating liabilities [more…]

Accounting Workbook For Dummies Cheat Sheet (UK Edition)

Need useful and concise tips and rules for accounting in the UK? Look no further. This Cheat Sheet is packed with handy, at-a-glance essential equations, flow charts and reminders to help make balancing [more…]

Main Tasks of Business Accounting

As someone concerned with business accounting, you have a lot to know and to remember. To help you, this list explains the main tasks and processes. [more…]

Primary Financial Statements of a Business

This list gives details of the three primary financial statements in the running of a business. These statements record your business’s performance, letting you analyse and identify where you’re strong [more…]

Understanding Accounting Values on the Balance Sheet

Your balance sheet is one of three primary financial statements in the running of a business. It gives an overview of the business’s total assets and liabilities at a particular date, and is an important [more…]

The Basic Steps of the Business Accounting Cycle

This flowchart gives an overview of the business accounting cycle, mapping the entire bookkeeping process with aspects of the accounting system side-by-side. The bookkeeping stages are on the left-hand [more…]

Understanding Business Accounting For Dummies Cheat Sheet

Want to get seriously savvy with your business accounting, but don’t know where to start? You don’t need to be a professional accountant to decode the jargon. Use these pointers to find out how to make [more…]

How to Limit Corporate Liability after Sarbanes-Oxley

The Sarbanes-Oxley Act (SOX) provides a legal model for running corporations of all sizes, regardless of whether they’re publicly traded and technically subject to SOX. The best legal minds agree that [more…]

Sarbanes-Oxley Practices for Good Corporate Governance

Sarbanes-Oxley (SOX) was passed to combat corruption at big public companies like Enron, WorldCom, Tyco, Adelphia, Global TelLink, HealthSouth, and Arthur Andersen. But small and not-for-profit companies [more…]

Sarbanes-Oxley For Dummies Cheat Sheet

Enacted in the wake of corporate mismanagement and accounting scandals, Sarbanes-Oxley (SOX) offers guidelines and spells out regulations that publicly traded companies must adhere to. Sarbanes-Oxley guidelines [more…]

Important Financial Documents for Your Small Business

Managing the finances of your small business can be a challenge. To survive and thrive, you must earn profit consistently, generate cash flow from profit, and control your financial condition. You need [more…]

Small Business Financial Management Kit For Dummies Cheat Sheet

Managing the finances of a small business is a multi-layered task. You need to become familiar with standard financial documents, pay attention to profits, and make the most of the business’s assets. And [more…]

What to Watch Out for in a Business Lease

If your business has a physical presence, you’ll most likely negotiate a business contract known as a lease for rental of space to house your business. Be aware that the landlord may use a form lease that [more…]

Making Accounting Adjustments to Reach Profit Potential

Having your business reach a profit is important; if it doesn’t, sooner or later the business will fail. As a business manager, you want to keep a close eye on the financial statements and make the necessary [more…]

Formulas and Functions for Financial Statements

As the business manager, you’re in control of your business’s accounting needs, so you need a strong understanding of the ins and outs of financial statements, including what goes on them and in what order [more…]

Accounting Workbook For Dummies Cheat Sheet

As a business manager, taking care of your company’s accounting needs is top priority. Correctly preparing a financial statement involves knowing all the information that needs to appear on the statement [more…]

Generally Accepted Auditing Standards

The generally accepted auditing standards (GAAS) are the standards you use for auditing private companies. GAAS come in three categories: general standards, standards of fieldwork, and standards of reporting [more…]

The Four Concepts of Audit Evidence

Audit evidence consists of the documents you use during an audit to substantiate your audit opinion. While working on an audit, you encounter many different types of evidence [more…]

Gathering Audit Evidence

While you work on your client’s audit, you gather sufficient appropriate evidence to come to a determination on whatever it is you’re auditing. The methods you use to gather audit evidence aren’t one-size-fits-all [more…]

Auditing For Dummies Cheat Sheet

Auditing is the process of investigating information that’s prepared by someone else — such as a company’s financial statements — to determine whether the information is fairly stated and free of material [more…]


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