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Number 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 growing--and profitable--profession. 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 bookkeepers
* Develop knowledge to establish and maintain high quality accounting systems
* Dip your toes into accounting in the digital age
* Learn to properly interpret financial statements and reports
* Generate income statements, balance sheets, and cash flow statements
* Expand your knowledge on sources of business capital
* Learn 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 important--it's all in your hands with this plain-English workbook!
List of contents
Introduction 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
About the author
Tage C. Tracy runs a financial consulting firm offering CFO support and planning services to private companies. He is the author of
Business Financial Information Secrets.
Summary
Number 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 growing--and profitable--profession. 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 bookkeepers
* Develop knowledge to establish and maintain high quality accounting systems
* Dip your toes into accounting in the digital age
* Learn to properly interpret financial statements and reports
* Generate income statements, balance sheets, and cash flow statements
* Expand your knowledge on sources of business capital
* Learn 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 important--it's all in your hands with this plain-English workbook!
