The Handy Accounting Answer Book

Amber Gray is a full-time accounting professor at Adrian College in Adrian, Michigan. She earned her bachelor’s degree in business administration and master of science in accountancy from Western Michigan University. Gray currently serves on the Accounting Educators Task Force of the Michigan Association of Certified Public Accountants and is a member of the Institute of Management Accountants Educational Case Journal Editorial Advisory and Review Board. Prior to becoming a full-time accounting educator, Gray worked in public accounting and held various titles in corporate accounting such as accounting manager, assistant controller, and controller. During her time teaching at Adrian College, Gray earned the “Teacher of the Year” award and has been an honored guest at several leadership appreciation events. She has been published in the International Journal of Business and Applied Social Science and has presented at conferences and other events on behalf of the Michigan Association of Certified Public Accountants.

Preface and Acknowledgments

Introduction

1. What is Accounting?
2. Financial Accounting Standards Board’s (FASB) Conceptual Framework
3. Elements of Financial Statements
4. Four Basic Financial Statements
5. Financial Statement Analysis
6. Bookkeeping and the Accounting Cycle
7. Specific Accounting Issues
8. Cost Accounting Basics
9. Budgeting, Planning and Controlling
10. Managerial Accounting Basics
11. Starting a Small Business
12. Accountants and the Future of Accounting



Appendix 1: Journal Entries examples for most basic transactions
Appendix 2: Partnership Accounting
Appendix 3: Service Company, Merchandiser, and Manufacturer Financial Statements
Appendix 4: Public Company Annual Report Form 10-K : Vera Bradley, Inc.
Glossary of Terms
Further Reading
Index