Description
Book SynopsisThe easy way to get your head around company finance
Having an understanding of your company's finances is crucial for both small business owners and corporate managers with budget responsibilities. Understanding Business Accounting For Dummies simplifies the key elements of UK business accounting, covering everything from evaluating profit margins to writing financial reports.
Fully updated to cover the emergence of IFRS and dealing with foreign exchange, this new edition thoroughly outlines the essentials of business accounting. With comprehensive guidance and helpful strategies, this book makes light work of the financial fundamentals you need to move up the corporate ladder
- Use the latest technology to manage the bottom line
- Control profit and cash flow
- Budget with confidence
- Make sense of financial statements
- Survive an audit
If you're ready to balance your budget, boost your profit margi
Table of Contents
Introduction 1
Part 1: Accounting Basics 7
Chapter 1: Introducing Accounting to Non-Accountants 9
Chapter 2: Bookkeeping 101: From Shoe Boxes to the Cloud 31
Chapter 3: Taxes, Taxes and More Taxes 53
Chapter 4: Accounting and Your Personal Finances 69
Part 2: Getting a Grip on Financial Statements 87
Chapter 5: Profit Mechanics 89
Chapter 6: The Balance Sheet from the Profit and Loss Account Viewpoint 111
Chapter 7: Cash Flows and the Cash Flow Statement 133
Chapter 8: Funding the Business 153
Part 3: Accounting in Managing a Business 177
Chapter 9: Managing Profit Performance 179
Chapter 10: Business Budgeting 199
Chapter 11: Choosing the Right Ownership Structure 221
Chapter 12: Cost Conundrums 239
Chapter 13: Choosing Accounting Methods 257
Part 4: Financial Reports in the Outside World 281
Chapter 14: How Investors Read a Financial Report. 283
Chapter 15: Professional Auditors and Advisors 315
Part 5: The Part of Tens 331
Chapter 16: Ten Ways Sav V Y Business Managers Use Accounting 333
Chapter 17: Ten (plus One) Questions Investors Should Ask When Reading a Financial Report 349
Chapter 18: Ten Ways to Get a Better Handle on the Financial Future 363
Appendix: Glossary: Slashing through the Accounting Jargon Jungle 375
Index 389
