Financial Accounting for Dummies
- 5h 43m
- Maire Loughran
- John Wiley & Sons (US)
- 2011
Your plain-English guide to navigating a financial accounting course
Despite the economic landscape and job market, demand for accountants remains strong, and accountants will continue to see high demand for their services as the economy rebounds and businesses grow. Additionally, one of the effects of the economic downturn is a greater emphasis on accountability, transparency, and controls in financial reporting.
With easy-to-understand explanations and real-life examples, Financial Accounting For Dummies provides students who are studying business, finance, and accounting with the basic concepts, terminology, and methods to interpret, analyze, and evaluate actual corporate financial statements.
- Covers traditional introductory financial accounting course material
- Explores concepts accountants and other business professionals use to prepare reports
- Details mergers and acquisitions purchase and pooling, free cash flow, and financial statement analysis
Whether you're a student on your way to earning a bachelor's degree, MBA, or MAcc, Financial Accounting For Dummies gives you a wealth of information to grasp the subject and ace the course.
About the Author
Maire Loughran, CPA, is a member of the American Institute of Certified Public Accountants. An adjunct professor of auditing, accounting, and taxation courses, she is also the author of Auditing For Dummies.
In this Book
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Introduction
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Seeing the Big Picture of Financial Accounting
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Making Mom Proud—Financial Accounting Career Options
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Introducing the Big Three Financial Statements
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Acronym Alert! Setting the Standards for Financial Accounting
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Booking It—The Process behind Financial Accounting
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Focusing on Accounting Methods and Concepts
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Assessing the Balance Sheet's Asset Section
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Digging for Debt in the Liabilities Section
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Letting Owners Know Where They Stand—The Equity Section
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Searching for Profit or Loss on the Income Statement
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Following the Money by Studying Cash Flow
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Examining Depreciation Cost Flow Assumptions
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Learning about Inventory Cost Flow Assumptions
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Using Ratios and other Tools
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Got Your Dictionary Ready? Reading Explanatory Notes and Disclosures
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Studying the Report to the Shareholders
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Accounting for Business Combinations
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Accounting for Income Taxes
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Accounting for Leases
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Reporting Changes in Methods and the Correction of Errors
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Ten Financial Accounting Shenanigans
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Ten Industries with Special Accounting Standards
