Financial Accounting For Dummies, UK Edition

Learn to:

• Determine what each line of a financial statement tells you
• Tackle the core accounting methods and concepts
• Understand financial accounting in the context of GAAP and IFRS

Master financial accounting basics – fast!

Whether you're an accountancy student studying for your degree, you're working towards ACCA qualification or you're just starting out in your accounts career, this plain-English guide delivers easy-to-understand explanations and tons of examples that make getting to grips with all important financial accounting concepts, terminology and methods faster and easier than ever.

• Learn the business – get the lowdown on financial accounting as a career and see the big picture of financial accounting and international accounting
• Process those processes – get to grips with the key financial accounting processes and concepts, for both UK GAAP and IFRS
• Balance the numbers – make sense of the various parts of a balance sheet and how taken together they illustrate a company's financial status
• Search for profit (and loss) – interpret financial statements to get a clear picture of a company's revenue, expenses, gains and losses
• Follow the money – figure out the cash flow statement and what it should be telling you

Open the book and find:

• Different ways to interpret and analyse financial statements
• How to prepare financial statements and report to shareholders
• How to investigate income and cash flow
• The key regulatory issues to be aware of
• The financial ins and outs of mergers and acquisitions
• Financial accountants' ethical responsibilities
• The latest on building a career as a financial accountant