Accounting All-in-One For Dummies

  • 12h 23m
  • Ken Boyd, et al.
  • John Wiley & Sons (US)
  • 2014

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.

About the Authors

Lita Epstein is a writer and a designer and teacher of online financial courses.

Frimette Kass-Shraibman, PhD, CPA, is a Professor of Accountancy at Brooklyn College and the Editor-in Chief of Journal of the CPA Practitioner.

Vijay Sampath, DPS, MBA, CPA is Assistant Professor at the John Jay College of Criminal Justice at the City University of New York.

Denise M. Stefano, CPA, CGMA, MBA is Assistant Professor of Accounting and Accounting Department Chairperson at Mercy College.

Darrel Surett, CPA, taught accounting and business courses for 25 years at Union County College. He is a partner in the CPA firm of Barry Surett & Co.

In this Book

  • Introduction
  • Grasping Bookkeeping and Accounting Basics
  • Outlining Your Financial Road Map with a Chart of Accounts
  • Using Journal Entries and Ledgers
  • Choosing an Accounting Method
  • Keeping the Books
  • Tracking Purchases
  • Counting Your Sales
  • Processing Employee Payroll and Benefits
  • Computing and Reporting Payroll Taxes
  • Depreciating Your Assets
  • Paying and Collecting Interest
  • Proving Out the Cash
  • Reconciling Accounts and Closing Journal Entries
  • Checking Your Accuracy
  • Adjusting the Books
  • Brushing up on Accounting Standards
  • Preparing an Income Statement and considering Profit
  • Assessing the Balance Sheet's Asset Section
  • Digging for Debt in the Balance Sheet's Liabilities Section
  • Explaining Ownership in the Equity Section of the Balance Sheet
  • Coupling the Income Statement and Balance Sheet
  • Presenting Financial Condition and Business Valuation
  • Laying Out Cash Flows and Changes in Equity
  • Analyzing Financial Statements
  • Reading Explanatory Notes and Disclosures
  • Studying the Report to the Shareholders
  • Incorporating Your Business
  • Choosing a Legal Structure for a Business
  • Drawing up a Business Plan to Secure Cash
  • Budgeting for a Better Bottom Line
  • Mastering and Flexing Your Budgeting
  • Planning for Long-Term Obligations
  • Estimating Costs with Job Costing
  • Performing Activity-Based Costing
  • Examining Contribution Margin
  • Accounting for Change with Variance Analysis
  • Making Smart Pricing Decisions
  • Identifying Costs and Matching Costs with Revenue
  • Exploring Inventory Cost Flow Assumptions
  • Answering the Question—Should I Buy That?
  • Knowing When to Use Debt to Finance Your Business
  • Interpreting Your Financial Results as a Manager
  • Mulling over Sarbanes-Oxley Regulation
  • Preventing Cash Losses from Embezzlement and Fraud
  • Assessing Audit Risk
  • Collecting and Documenting Audit Evidence
  • Auditing a Client's Internal Controls
  • Getting to Know the Most Common Fraud Schemes
  • Cooked Books—Finding Financial Statement Fraud
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