Financial Accounting For Dummies

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 stateme nt analysis_ Learn accounting for small businessesWhether 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!

Inhaltsverzeichnis:

Introduction 1Part 1: Getting a Financial Accounting Initiation 5Chapter 1: Seeing the Big Picture of Financial Accounting 7Chapter 2: Introducing the Big Three Financial Statements 23Chapter 3: Running the Numbers for Success 37Chapter 4: Acronym Alert! Setting the Standards for Financial Accounting 55Part 2: Reviewing Some Accounting Basics 69Chapter 5: Booking It: The Process Behind Financial Accounting 71Chapter 6: Focusing on Accounting Methods and Concepts 93Part 3: Spending Quality Time with the Balance Sheet 103Chapter 7 Assessing the Balance Sheet's Asset Section 105Chapter 8 Digging for Debt in the Liabilities Section 121Chapter 9: Letting Owners Know Where They Stand: The Equity Section 137Part 4: Investigating Income and Cash Flow 149Chapter 10: Searching for Profit or Loss on the Income Statement 151Chapter 11: Following the Money by Studying Cash Flow 171Chapter 12: Examining Depreciation Cost Flow Assumptions 187Chapter 13: Learning about Inventory Cost Flow Assumpt ions 203Part 5: Analyzing the Financial Statements 217Chapter 14: Using Ratios and Other Tools 219Chapter 15: Got Your Dictionary Ready? Reading Explanatory Notes and Disclosures 235Chapter 16: Studying the Report to the Shareholders 251Part 6: Feeling Brave? Tackling More Advanced Financial Accounting Topics 265Chapter 17: Accounting for Emerging Issues 267Chapter 18: Accounting for Income Taxes 285Chapter 19: Accounting for Leases 297Chapter 20: Reporting Changes in Methods and the Correction of Errors 309Part 7: The Part of Tens 323Chapter 21: Ten Financial Accounting Shenanigans 325Chapter 22: Ten Accounting Career Opportunities 333Index 341