Accounting Workbook For Dummies

by Tage C. Tracy

Overview

Number nightmares in accounting? No more!

The numbers are clear: the need for accountants is not only strong, but on the rise. With job growth projected to increase by 7% over the next 10 years, there’s no time like the present to join this growing—and profitable—profession. Accounting Workbook For Dummies, 2^nd Edition gives you the hands-on instruction you need to understand complicated concepts through demonstration problems, practice worksheets. and spreadsheets.

• Understand the role of accountants versus bookkeepers
• Develop knowledge to establish and maintain high quality accounting systems
• Dip your toes into accounting in the digital age
• Learn to properly interpret financial statements and reports
• Generate income statements, balance sheets, and cash flow statements
• Expand your knowledge on sources of business capital
• Learn how to improve profits and manage costs

Understanding the intricacies of accounting has never been easier as in today’s rapid-fire global economy, accountants have never been more important—it’s all in your hands with this plain-English workbook!

Product Details

ISBN-13:	9781119897637
Publisher:	Wiley
Publication date:	09/07/2022
Edition description:	2nd ed.
Pages:	384
Sales rank:	437,692
Product dimensions:	9.90(w) x 8.10(h) x 0.80(d)

About the Author

Tage C. Tracy runs a financial consulting firm offering CFO support and planning services to private companies. He is the author of Business Financial Information Secrets.

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Table of Contents

Introduction 1

Part 1: Business Accounting Basics. 5

Chapter 1: Business Accounting Fundamentals. 7

Chapter 2: Financial Effects of Transactions 27

Chapter 3: Getting Started in the Bookkeeping Cycle 51

Chapter 4: The Bookkeeping Cycle: Adjusting and Closing Entries. 81

Chapter 5: Accounting in the Digital Age 105

Part 2: Preparing Financial Statements. 123

Chapter 6: Understanding Basic Accounting Concepts and Methods. 125

Chapter 7: The Effects and Reporting of Profit. 155

Chapter 8: Reporting Financial Condition in the Balance Sheet. 179

Chapter 9: Coupling the Income Statement and Balance Sheet 205

Chapter 10: Reporting Cash Flows and Changes in Owners’ Equity 223

Part 3: Managerial, Manufacturing, and Capital Accounting 245

Chapter 11: Analyzing Profit Behavior 247

Chapter 12: Tackling Managerial Cost Accounting. 275

Chapter 13: Business Planning and Raising Capital. 309

Part 4: The Part of Tens 337

Chapter 14: Ten Things You Should Know About Business Financial Statements 339

Chapter 15: A Ten-Point Checklist for Management Accountants. 347

Index. 355