Accounting for Non-Accountants - Wayne Label

Accounting for Non-Accountants

The Fast and Easy Way to Learn the Basics

(Autor)

Buch | Softcover
224 Seiten
2013
Sourcebooks, Inc (Verlag)
978-1-4022-7304-9 (ISBN)
21,55 inkl. MwSt
A Quick, Compact, and Easy-to-Understand Resource for Non-Accountants! The perfect financial accounting guide for beginners!
Accounting for Non-Accountants is the must-have guide for all of us who have never taken an accounting class, are mystified by accounting jargon, and have no clue about balance sheets, income statements, payroll management, corporate taxes, or statements of cash flows. This simple to use accounting book is bookmaking made simple.
Whether you own a business, plan on starting one, or just want to control your own assets, you'll find everything you need to know:
How to prepare and use financial statements How to control cash flows How to manage budgets How to use accounting ratios How to deal with audits and auditors interpret financial statementsLet this book help you like it helped these readers:
"Dr. Labels explanations are simple and straightforward. "
"This will help me a lot as I set up my own business. "
"I have worked in accounting for over twenty-five years, and this is the best book I have seen to help people with the basics of accounting."
For entrepreneurs or anyone who needs to brush up on accounting fast, this book will have you up and running in no time.

Dr. Wayne A. Label, CPA, MBA, PhD, is a Certified Public Accountant in the state of Texas. He has taught at several universities in the United States and abroad, and has published three books on accounting and over 30 articles in professional journals.

Contents

 

Acknowledgments

Introduction

Chapter 1: Introducing Accounting and Financial Statements

What Is Accounting?

Who Uses Accounting Information?

Financial Statements

How Different Business Entities Present Accounting Information

Chapter 2: Generally Accepted Accounting Principles

Who Are the SEC, AICPA, FASB, and IASB? (or What Is This, Alphabet Soup?)

What Are Generally Accepted Accounting Principles (GAAP)?

What Are the Differences Between U.S. Accounting Standards and International Standards?

Chapter 3: The Balance Sheet and Its Components

Understanding the Balance Sheet

The Accounting Equation

Components of the Balance Sheet

Transactions behind the Balance Sheet

Chapter 4: The Income Statement

Understanding the Income Statement

The Income Statement Illustrated

Transactions That Affect the Income Statement

Business Transactions

Chapter 5: Preparing and Using a Statement of Cash Flows

What Is a Statement of Cash Flows?

Cash and Cash Equivalents

The Statement of Cash Flows Illustrated

Chapter 6: The Corporation

The Corporation Defined

What Is Capital Stock?

Cash Dividends, Stock Dividends, and Stock Splits

Incorporating Solana Beach Bicycle Company

What Is Treasury Stock?

Chapter 7: Double-Entry Accounting

The General Journal

The General Ledger

Trial Balance

Adjusting Journal Entries

Closing Journal Entries

Chapter 8: Using Financial Statements for Short-Term Analysis

Using Short-Term Ratios

Current and Quick Ratios

Working Capital

Composition of Assets

Inventory Turnover Ratio

Average Collection Period

Chapter 9: Using Financial Statements for Long-Term Analysis

Quality of Earnings

Rate of Return on Investment

Sales-Based Ratios or Percentages

Earnings Data

Long-Term Debt Position

Dividend Data

Footnotes

Chapter 10: Budgeting for Your Business

What Is a Budget?

Planning and Control

Advantages of Budgeting

Master Budget

Sales Budget

Capital Budget

Budgeted Income Statement

Cash Budget

Chapter 11: Audits and Auditors

What Is an Audit?

Types of Auditors

The Standard Audit Opinion Illustrated

Parts of the Report

Other Types of Audit Reports

Why Audits Are Useful to You

Other Services Provided by Auditors

Chapter 12: Fraud and Ethics

Fraud Defined

What Causes Fraud

How Fraud Is Committed

Why Do Employees Steal?

What Can You Do to Prevent Fraud in Your Organization?

What If My Business Is Too Small to Hire Additional Employees or Consultants?

Ethics

Appendix A: Internet for Accountants

What Resources Are Available for Accountants?

Appendix B: Frequently Asked Questions

Appendix C: Financial Statements: The Coca-Cola Company

A Note to My Readers

About the Author

Reihe/Serie Quick Start Your Business
Verlagsort Naperville
Sprache englisch
Maße 152 x 229 mm
Themenwelt Sachbuch/Ratgeber Beruf / Finanzen / Recht / Wirtschaft Geld / Bank / Börse
Wirtschaft Betriebswirtschaft / Management Planung / Organisation
Wirtschaft Betriebswirtschaft / Management Rechnungswesen / Bilanzen
Wirtschaft Betriebswirtschaft / Management Unternehmensführung / Management
ISBN-10 1-4022-7304-5 / 1402273045
ISBN-13 978-1-4022-7304-9 / 9781402273049
Zustand Neuware
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