Author(s): John A. Tracy
Now revised and updated, our top-selling accounting guide "Accounting For Dummies, Fourth Edition" is the ideal book for both accounting professionals as well as accounting or auditing students. This handy guide covers the basics of accounting in language anyone can understand, but also provides detailed coverage of more complex business accounting issues, such as income statements and balance sheets, budgets and budgeting, profit and cash flow, stemming losses, managing inventory, and evaluating profit margins.It has been thoroughly revised with new content, including information on Little GAAP versus Big GAAP, the internationalization of accounting standards, and the changes experienced under the 2002 Sarbanes-Oxley Act and the Public Company Accounting Oversight Board. It also contains updated information on financial reports, the role of the CPA auditor, and the impact of accounting laws on small businesses. John A. Tracy, CPA (Boulder, CO), a former staff accountant at Ernst & Young, taught accounting at the University of Colorado for many years. He is also the author of "Accounting Workbook For Dummies" (978-0-471-79145-4).
John A. Tracy (Boulder, Colorado) is Professor of Accounting, Emeritus, at the University of Colorado in Boulder. Before his 35-year tenure at Boulder, he was on the business faculty for four years at the University of California in Berkeley. Early in his career he was a staff accountant with Ernst & Young. John is the author of several books on accounting and finance, including The Fast Forward MBA in Finance, How To Read a Financial Report, and Small Business Financial Management Kit For Dummies with his son Tage Tracy. John received his BSC degree from Creighton University. He earned his MBA and PhD degrees at the University of Wisconsin in Madison. He is a CPA (inactive) in Colorado.
Introduction. Part I: Opening the Books on Accounting. Chapter 1: Accounting: The Language of Business, Investing, Finance, and Taxes. Chapter 2: Financial Statements and Accounting Standards. Chapter 3: Bookkeeping and Accounting Systems. Part II: Figuring Out Financial Statements. Chapter 4: Reporting Revenue, Expenses, and the Bottom Line. Chapter 5: Reporting Assets, Liabilities, and Owners' Equity. Chapter 6: Reporting Cash Flows. Chapter 7: Choosing Accounting Methods: Different Strokes for Different Folks. Part III: Accounting in Managing a Business. Chapter 8: Deciding the Legal Structure for a Business. Chapter 9: Analyzing and Managing Profit. Chapter 10: Financial Planning, Budgeting, and Control. Chapter 11: Cost Concepts and Conundrums. Part IV: Preparing and Using Financial Reports. Chapter 12: Getting a Financial Report Ready for Release. Chapter 13: How Lenders and Investors Read a Financial Report. Chapter 14: How Business Managers Use a Financial Report. Chapter 15: Audits and Accounting Fraud. Part V: The Part of Tens. Chapter 16: Ten Accounting Tips for Managers. Chapter 17: Ten Tips for Reading a Financial Report. Glossary: Slashing Through the Accounting Jargon Jungle. Index.