Accounting Workbook for Dummies
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| 1. Verfasser: | |
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Newark
John Wiley & Sons, Incorporated
2022
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| Ausgabe: | 2nd ed |
| Schlagworte: | |
| Online-Zugang: | FHD01 HWR01 |
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Inhaltsangabe:
- Intro
- Title Page
- Copyright Page
- Table of Contents
- Introduction
- About This Book
- Foolish Assumptions
- Icons Used in This Book
- Beyond the Book
- Where to Go from Here
- Part 1 Business Accounting Basics
- Chapter 1 Business Accounting Fundamentals
- Keeping the Accounting Equation in Balance
- Distinguishing Between Cash- and Accrual-Basis Accounting
- Summarizing Profit Activities in the Income (Profit &
- Loss) Statement
- Assembling a Balance Sheet
- Partitioning the Statement of Cash Flows
- Tracing How Dishonest Accounting Distorts Financial Statements
- Answers to Problems on Elements of Business Accounting
- Chapter 2 Financial Effects of Transactions
- Classifying Business Transactions
- Seeing Both Sides of Business Transactions
- Concentrating on Sales
- Concentrating on Expenses
- Determining the Composite Effect of Profit
- Answers to Problems on Financial Effects of Transactions
- Chapter 3 Getting Started in the Bookkeeping Cycle
- Constructing the Chart of Accounts
- Distinguishing Real and Nominal Accounts
- Knowing Your Debits from Your Credits
- Making Original Journal Entries
- Recording Revenue and Income
- Recording Expenses and Losses
- Recording Set-Up and Follow-Up Transactions for Revenue and Expenses
- Recording Investing and Financing Transactions
- Answers to Problems on the Bookkeeping Cycle
- Chapter 4 The Bookkeeping Cycle: Adjusting and Closing Entries
- Getting Accurate with Adjusting Entries
- Breaking Down the End-of-Year Adjusting Entries
- Recording depreciation expense
- Recording amortization expense
- Recording other adjusting entries
- Closing the Books on the Year
- Instituting Internal Controls
- Answers to Problems on the Bookkeeping Cycle
- Chapter 5 Accounting in the Digital Age
- Keeping a Few Foundational Accounting Concepts in Mind
- Using Accounting Software and the Services of an Expert
- Controlling and Protecting Money Flows in the Electronic Age
- Processing payroll
- Monitoring bank accounts
- Surveying bank forms of electronic payments
- Checking out non-bank forms of electronic payments
- Using enhanced accounting controls
- Managing the Accounting Function in the On-Demand World
- Source documentation
- Data rooms
- Financial reporting
- Flash reports, dashboards, and KPIs
- Accounting and financial analysis tools
- Answers to Problems on Accounting in the Digital Age
- Part 2 Preparing Financial Statements
- Chapter 6 Understanding Basic Accounting Concepts and Methods
- Touching on Basic Accounting Theories and Concepts
- Providing Some Examples of Choosing Accounting Methods
- Getting Off to a Good Start
- Determining Whether Products Are Unique or Fungible
- Contrasting Cost of Goods Sold Expense Methods (for Fungible Products)
- Averaging things out
- Going with the flow: The FIFO method
- Going against the flow: The LIFO method
- Appreciating Depreciation Methods
- Timing Bad Debts Expense
- Answers to Problems on Choosing Accounting Methods
- Chapter 7 The Effects and Reporting of Profit
- Understanding the Nature of Profit
- Keeping standards of reporting in mind
- Following profit
- Choosing the Income Statement Format
- Deciding on Disclosure in the Income Statement
- Examining How Sales and Expenses Change Assets and Liabilities
- Summing Up the Manifold Effects of Profit
- Answers to Problems on the Effects and Reporting of Profit
- Chapter 8 Reporting Financial Condition in the Balance Sheet
- Getting Started on the Balance Sheet
- Building a Balance Sheet
- Fleshing Out the Balance Sheet
- Clarifying the Values of Assets in Balance Sheets
- Answers to Problems on Reporting Financial Condition in the Balance Sheet
- Chapter 9 Coupling the Income Statement and Balance Sheet
- Rejoining the Income Statement and Balance Sheet
- Filling in Key Pieces of the Balance Sheet from the Income Statement
- Putting Fixed Assets in the Picture
- Completing the Balance Sheet with Debt and Equity
- Answers to Problems on Coupling the Income Statement and Balance Sheet
- Chapter 10 Reporting Cash Flows and Changes in Owners' Equity
- Figuring Profit from the Balance Sheet
- Reporting the Statement of Changes in Stockholders' Equity
- Determining Cash Effect from Profit Generating Activities
- Presenting the Statement of Cash Flows
- Reporting cash flows
- Connecting balance sheet changes with cash flows
- Answers for Problems on Reporting Cash Flows and Changes in Owners' Equity
- Part 3 Managerial, Manufacturing, and Capital Accounting
- Chapter 11 Analyzing Profit Behavior
- Mapping Profit for Managers
- Analyzing Operating Profit
- Analysis method #1: Contribution margin minus fixed costs
- Analysis method #2: Excess over breakeven
- Analysis method #3: Minimizing fixed costs per unit
- Analyzing Return on Capital
- Improving Profit Performance
- Selling more units
- Improving margin per unit
- Answers to Problems on Analyzing Profit Behavior
- Chapter 12 Tackling Managerial Cost Accounting
- Minding Manufacturing Costs
- Product costs
- Period costs
- Separating period and product costs
- Taking a Short Tour of Manufacturing Entries
- Calculating Product Cost: Basic Methods and Problems
- Connecting fixed manufacturing overhead costs and production capacity
- Boosting profit by boosting production
- Calculating Product Cost in Unusual Situations
- Answers to Problems on Manufacturing Cost Accounting
- Chapter 13 Business Planning and Raising Capital
- Starting with the Business Plan
- Realizing the Importance of Business Forecasts
- Getting a grip on how forecasting works
- Gaining insight into forecasting terms
- Identifying Types of Available Capital
- Utilizing equity to capitalize your business
- Leveraging debt to finance business operations
- Noting key points in raising capital
- Answers to Problems on Managing Business Capital
- Part 4 The Part of Tens
- Chapter 15 Ten Things You Should Know About Business Financial Statements
- Rules and Standards Matter
- Exactitude Would Be Nice, but Estimates Are Key
- Financial Statements Fit Together Hand in Glove
- Accrual Basis Is Used to Record Profit, Assets, and Liabilities
- Cash Flow Differs from Accrual Basis Profit
- Profit and Balance Sheet Values Can Be and Often Are Manipulated
- Financial Statements May Be Revised Later to Correct Errors and Fraud
- Some Asset Values Are Current, but Others May Be Old
- Financial Statements Leave Interpretation to Readers
- Financial Statements Tell the Story of a Business, Not Its Individual Shareowners
- Chapter 16 A Ten-Point Checklist for Management Accountants
- Designing Internal Accounting Reports
- Helping Managers Understand Their Accounting Reports
- Involving Managers in Choosing Accounting Methods
- Designing Profit Performance Reports for Managers
- Designing Cash Flow Reports for Managers
- Designing Management Control Reports
- Developing Financial Forecast Models for Management Decision-Making Analysis
- Working Closely with Managers in Planning
- Establishing and Enforcing Internal Controls
- Staying Current in the Digital Age and Global Economy
- Index
- EULA.