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Summary
Features the latest information on accounting methods and standards, and explains how to avoid fraud, analyze profits, prepare financial reports, manage budgets, and determine product costs. Full description
Table of Contents:
- Introduction
- Part 1: Opening the books on accounting. Accounting in today's new economy ; Introducing financial statements ; Safeguarding company assets ; Accounting in the digital age ; Recognizing the legal and accounting entity
- Part 2: Exploring financial statements. Reporting profit or loss in the income statement ; Reporting financial condition in the balance sheet ; Reporting cash sources and uses in the statement of cash flows ; Financial accounting issues
- Part 3: Understanding financial reports, financial statements, and financial information. Producing financial reports ; Deciphering a financial report ; Analyzing financial information with ratios ; Generating internal financial information for management use ; Applying Wall Street's tricks and treats to engineer financial results
- Part 4: Leveraging accounting in managing a business. Analyzing profit ; Accounting for costs ; Preparing best-in-class forecasts, projections, and budgets ; Capitalizing a business : how, when, why, and what
- Part 5: The part of tens. Ten tips for managers ; Ten tips for reading a financial report.