Description
Book SynopsisNumber nightmares in accounting? No more! The numbers are clear: the need for accountants is not only strong, but on the rise. With job growth projected to increase by 7% over the next 10 years, there's no time like the present to join this growingand profitableprofession. Accounting Workbook For Dummies, 2nd Edition gives you the hands-on instruction you need to understand complicated concepts through demonstration problems, practice worksheets. and spreadsheets. Understand the role of accountants versus bookkeepersDevelop knowledge to establish and maintain high quality accounting systemsDip your toes into accounting in the digital ageLearn to properly interpret financial statements and reportsGenerate income statements, balance sheets, and cash flow statementsExpand your knowledge on sources of business capitalLearn how to improve profits and manage costs Understanding the intricacies of accounting has never been easier as in today's rapid-fire global economy, accountants have never been more importantit's all in your hands with this plain-English workbook!
Table of ContentsIntroduction 1
Part 1: Business Accounting Basics. 5
Chapter 1: Business Accounting Fundamentals. 7
Chapter 2: Financial Effects of Transactions 27
Chapter 3: Getting Started in the Bookkeeping Cycle 51
Chapter 4: The Bookkeeping Cycle: Adjusting and Closing Entries. 81
Chapter 5: Accounting in the Digital Age 105
Part 2: Preparing Financial Statements. 123
Chapter 6: Understanding Basic Accounting Concepts and Methods. 125
Chapter 7: The Effects and Reporting of Profit. 155
Chapter 8: Reporting Financial Condition in the Balance Sheet. 179
Chapter 9: Coupling the Income Statement and Balance Sheet 205
Chapter 10: Reporting Cash Flows and Changes in Owners’ Equity 223
Part 3: Managerial, Manufacturing, and Capital Accounting 245
Chapter 11: Analyzing Profit Behavior 247
Chapter 12: Tackling Managerial Cost Accounting. 275
Chapter 13: Business Planning and Raising Capital. 309
Part 4: The Part of Tens 337
Chapter 14: Ten Things You Should Know About Business Financial Statements 339
Chapter 15: A Ten-Point Checklist for Management Accountants. 347
Index. 355
