Want to become an accountant? Own a small business but need help balancing your books? Worried about managing your finances under the cloud of the recession?
This hands-on workbook gets you up to speed with the basics of business accounting, including reading financial reports, establishing budgets, controlling cash flow, and making wise financial decisions. The question and answer sections encourage you to find your own solutions to challenging accounting problems - and there's plenty of space to scribble your workings out! Accounting Workbook For Dummies is the only book that makes truly light work of the financial fundamentals that many businesspeople try to bluff their way through every day.
Accounting Workbook For Dummies covers:
Part I: Business Accounting Basics
Chapter 1: Elements of Business Accounting
Chapter 2: Financial Effects of Transactions
Chapter 3: Getting Started in the Bookkeeping Cycle
Chapter 4: The Bookkeeping Cycle: Adjusting and Closing Entries
Part II: Preparing Financial Statements
Chapter 5: The Effects and Reporting of Profit
Chapter 6: Reporting Financial Condition in the Balance Sheet
Chapter 7: Coupling the Profit & Loss Statement and Balance Sheet
Chapter 8: Reporting Cash Flows and Changes in Owners' Equity
Chapter 9: Choosing Accounting Methods
Part III: Managerial, Manufacturing, and Capital Accounting
Chapter 10: Analysing Profit Behavior
Chapter 11: Manufacturing Cost Accounting
Chapter 12: Figuring Out Interest and Return on Investment
Part IV: The Part of Tens
Chapter 13: Ten Things You Should Know About Business Financial Statements
Chapter 14: A Ten-Point Checklist for Management Accountants
Main changes in the UK edition include:
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From the Back Cover
Get hands-on with accounting using this interactive guide — and avoid making costly mistakes
Need help balancing your books? Confused by accounting jargon? Having trouble breaking even? Whatever your starting point, this practical workbook contains everything you need to excel in accounting theory and practice — at home, in business, or at business school. Packed with questions and answers, sample accounts and practice exercises, Accounting Workbook For Dummies shows you how to solve all your accounting dilemmas, no matter how challenging.
Effective ways to record revenue, expenses and losses
Guidance on preparing statements and making estimations
How to report cash flow and changes in equity
Insider tips on analysing profit behaviour
Advice on interest rates, loans and investments
About the Author
Jane Kelly is a chartered management accountant, bookkeeping teacher and business author. John A. Tracy is Professor of Accounting at the University of Colorado.
