Financial Accounting For Dummies
Your plain-English guide to navigating a financial accounting course
With easy-to-understand explanations and real-life examples, Financial Accounting For Dummies provides you with the basic concepts, terminology, and methods to interpret, analyze, and evaluate business financial statements. Whether you're a student taking an introductory course or a business owner who needs a financial accounting initiation, this hands-on, friendly guide can help.
-
Financial Accounting 101 — get acquainted with the world of financial accounting, from the responsibilities of financial accountants to the coursework, certifications, and career options available
-
Book it — discover the process behind financial accounting, which starts with booking a company's accounting transactions using journal entries and ledgers
-
It's a balancing act — get the lowdown on the different parts of a balance sheet (assets, liabilities, and equity) and how together they illustrate a company's financial position
-
Search for profit (or loss) — navigate an income statement to study a company's revenue, expenses, gains, and losses
-
Follow the cash — find out what the statement of cash flows tells you about how a business uses its money
Open the book and find:
-
The purpose of financial accounting
-
Ethical responsibilities of financial accountants
-
What financial statements tell you about a company
-
Regulatory issues and agencies you need to know
-
Accounting methods and concepts
-
How to investigate income and cash flow
-
Different ways to analyze financial statements
-
The job (and income) outlook for financial accountants
Learn to:
-
Determine what each line of a financial statement tells you
-
Identify the various accounting concepts and methods that companies can employ
-
Recognize how investors and creditors use financial reports to make decisions