Financial Accounting For Dummies
By Maire Loughran
Publisher: Wiley / For Dummies
Final Release Date: March 2011
Pages: 360

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

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