Book description
A one-stop accounting reference
Packed with vital information culled from the extensive For Dummies accounting, bookkeeping, and auditing libraries, Accounting All-in-One For Dummies is a powerful, one-stop reference.
Accounting All-in-One For Dummies is a comprehensive resource on a variety of accounting concepts. You'll get up to speed on: setting up your accounting system; recording accounting transactions; adjusting and closing entries; preparing income statements and balance sheets; planning and budgeting for your business; handling cash and making purchase decisions; and more.
Ways to report on your financial statements
How to make savvy business decisions
Auditing and detecting financial fraud
Accounting All-in-One For Dummies is a one-stop reference for students studying the application of accounting theories and a valuable desk reference for accounting professionals in the workforce.
Table of contents
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- Introduction
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Book I: Setting Up Your Accounting System
- Chapter 1: Grasping Bookkeeping and Accounting Basics
- Chapter 2: Outlining Your Financial Road Map with a Chart of Accounts
- Chapter 3: Using Journal Entries and Ledgers
- Chapter 4: Choosing an Accounting Method
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Book II: Recording Accounting Transactions
- Chapter 1: Keeping the Books
- Chapter 2: Tracking Purchases
- Chapter 3: Counting Your Sales
- Chapter 4: Processing Employee Payroll and Benefits
- Chapter 5: Computing and Reporting Payroll Taxes
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Book III: Adjusting and Closing Entries
- Chapter 1: Depreciating Your Assets
- Chapter 2: Paying and Collecting Interest
- Chapter 3: Proving Out the Cash
- Chapter 4: Reconciling Accounts and Closing Journal Entries
- Chapter 5: Checking Your Accuracy
- Chapter 6: Adjusting the Books
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Book IV: Preparing Income Statements and Balance Sheets
- Chapter 1: Brushing Up on Accounting Standards
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Chapter 2: Preparing an Income Statement and Considering Profit
- Understanding the Nature of Profit
- Choosing the Income Statement Format
- Deciding What to Disclose in the Income Statement
- Examining How Sales and Expenses Change Assets and Liabilities
- Considering the Diverse Financial Effects of Making a Profit
- Reporting Extraordinary Gains and Losses
- Correcting Common Misconceptions about Profit
- Chapter 3: Assessing the Balance Sheet’s Asset Section
- Chapter 4: Digging for Debt in the Balance Sheet’s Liabilities Section
- Chapter 5: Explaining Ownership in the Equity Section of the Balance Sheet
- Chapter 6: Coupling the Income Statement and Balance Sheet
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Book V: Reporting on Your Financial Statements
- Chapter 1: Presenting Financial Condition and Business Valuation
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Chapter 2: Laying Out Cash Flows and Changes in Equity
- Understanding the Difference between Cash and Profit
- Realizing the Purpose of the Statement of Cash Flows
- Walking through the Cash Flow Sections
- Recognizing Methods for Preparing the Statement of Cash Flows
- Interpreting the Statement of Cash Flows
- Looking Quickly at the Statement of Changes in Stockholders Equity
- Chapter 3: Analyzing Financial Statements
- Chapter 4: Reading Explanatory Notes and Disclosures
- Chapter 5: Studying the Report to the Shareholders
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Book VI: Planning and Budgeting for Your Business
- Chapter 1: Incorporating Your Business
- Chapter 2: Choosing a Legal Structure for a Business
- Chapter 3: Drawing Up a Business Plan to Secure Cash
- Chapter 4: Budgeting for a Better Bottom Line
- Chapter 5: Mastering and Flexing Your Budgeting
- Chapter 6: Planning for Long-Term Obligations
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Book VII: Making Savvy Business Decisions
- Chapter 1: Estimating Costs with Job Costing
- Chapter 2: Performing Activity-Based Costing
- Chapter 3: Examining Contribution Margin
- Chapter 4: Accounting for Change with Variance Analysis
- Chapter 5: Making Smart Pricing Decisions
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Book VIII: Handling Cash and Making Purchase Decisions
- Chapter 1: Identifying Costs and Matching Costs with Revenue
- Chapter 2: Exploring Inventory Cost Flow Assumptions
- Chapter 3: Answering the Question: Should I Buy That?
- Chapter 4: Knowing When to Use Debt to Finance Your Business
- Chapter 5: Interpreting Your Financial Results as a Manager
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Book IX: Auditing and Detecting Financial Fraud
- Chapter 1: Mulling Over Sarbanes-Oxley Regulation
- Chapter 2: Preventing Cash Losses from Embezzlement and Fraud
- Chapter 3: Assessing Audit Risk
- Chapter 4: Collecting and Documenting Audit Evidence
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Chapter 5: Auditing a Client's Internal Controls
- Defining Internal Controls
- Identifying the Five Components of Internal Controls
- Determining When You Need to Audit Internal Controls
- Testing a Client's Reliability: Assessing Internal Control Procedures
- Limiting Audit Procedures When Controls Are Strong
- Tailoring Tests to Internal Control Weaknesses
- Timing a Client's Control Procedures
- Chapter 6: Getting to Know the Most Common Fraud Schemes
- Chapter 7: Cooked Books: Finding Financial Statement Fraud
- About the Authors
- Cheat Sheet
- More Dummies Products
Product information
- Title: Accounting All-in-One For Dummies
- Author(s):
- Release date: March 2014
- Publisher(s): For Dummies
- ISBN: 9781118758007
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