Financial Accounting For Dummies
Your plain-English guide to navigating a financial accounting courseWith easy-to-understand explanations and real-life examples,Financial Accounting For Dummiesprovides 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 availableBook it — discover the process behind financial accounting, which starts with booking a company's accounting transactions using journal entries and ledgersIt'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 positionSearch for profit (or loss) — navigate an income statement to study a company's revenue, expenses, gains, and lossesFollow the cash — find out what the statement of cash flows tells you about how a business uses its moneyOpen the book and find:The purpose of financial accountingEthical responsibilities of financial accountantsWhat financial statements tell you about a companyRegulatory issues and agencies you need to knowAccounting methods and conceptsHow to investigate income and cash flowDifferent ways to analyze financial statementsThe job (and income) outlook for financial accountantsLearn to:Determine what each line of a financial statement tells youIdentify the various accounting concepts and methods that companies can employRecognize how investors and creditors use financial reports to make decisions