Accounting For Dummies, 4th Edition (1118052358) cover image

Accounting For Dummies, 4th Edition

ISBN: 978-1-118-05235-8
408 pages
April 2011
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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