Financial Accounting For Dummies
2. Edition February 2021
384 Pages, Softcover
Wiley & Sons Ltd
Further versions
Learn to speak fluent finance--and ace your exams!
Warren Buffett said that "accounting is the language of business.'' And for many accounting and business students, the obscure terminology of accounting makes fluency hard to achieve. Financial Accounting For Dummies can help to demystify abstract concepts in a straightforward, friendly way. With step-by-step examples and real-world scenarios practice, it helps you grasp the fundamentals of accounting until you're ready to interpret, analyze, and evaluate corporate financial statements like you've been doing it all your life.
Packed with easy-to-understand examples, this book takes you from the big three financial statements all the way through to income taxes. Or join the anti-fraud squad by discovering how to spot the ten most common accounting shenanigans.
* Grasp introductory financial accounting course material
* Explore common concepts financial professionals use to compile reports
* Understand leases, free cash flow, and statement analysis
* Learn accounting for small businesses
Whether you're studying for your bachelor's, MBA, or MAcc, you'll find everything you need to speak the language of finance like a native--and use it to get to wherever you want to go!
Part 1: Getting a Financial Accounting Initiation 5
Chapter 1: Seeing the Big Picture of Financial Accounting 7
Chapter 2: Introducing the Big Three Financial Statements 23
Chapter 3: Running the Numbers for Success 37
Chapter 4: Acronym Alert! Setting the Standards for Financial Accounting 55
Part 2: Reviewing Some Accounting Basics 69
Chapter 5: Booking It: The Process Behind Financial Accounting 71
Chapter 6: Focusing on Accounting Methods and Concepts 93
Part 3: Spending Quality Time with the Balance Sheet 103
Chapter 7 Assessing the Balance Sheet's Asset Section 105
Chapter 8 Digging for Debt in the Liabilities Section 121
Chapter 9: Letting Owners Know Where They Stand: The Equity Section 137
Part 4: Investigating Income and Cash Flow 149
Chapter 10: Searching for Profit or Loss on the Income Statement 151
Chapter 11: Following the Money by Studying Cash Flow 171
Chapter 12: Examining Depreciation Cost Flow Assumptions 187
Chapter 13: Learning about Inventory Cost Flow Assumptions 203
Part 5: Analyzing the Financial Statements 217
Chapter 14: Using Ratios and Other Tools 219
Chapter 15: Got Your Dictionary Ready? Reading Explanatory Notes and Disclosures 235
Chapter 16: Studying the Report to the Shareholders 251
Part 6: Feeling Brave? Tackling More Advanced Financial Accounting Topics 265
Chapter 17: Accounting for Emerging Issues 267
Chapter 18: Accounting for Income Taxes 285
Chapter 19: Accounting for Leases 297
Chapter 20: Reporting Changes in Methods and the Correction of Errors 309
Part 7: The Part of Tens 323
Chapter 21: Ten Financial Accounting Shenanigans 325
Chapter 22: Ten Accounting Career Opportunities 333
Index 341
