Accounting All-In-One for Dummies (+ Videos and Quizzes Online)

Biographical Note:

Michael Taillard, PhD, MBA, is an economist specializing in strategic and behavioral finance. He has consulted for organizations such as the US Department of Defense, American Red Cross, and Quicken. He has taught graduate school courses for universities such as Central Michigan University and has authored several works on finance and economics.

Ace your accounting class or boost your business

Ready to count beans? Accounting All-in-One For Dummies will make you proficient in business accounting. You'll learn how it works, including accounting methods and international standards, and you'll walk through making, adjusting, and closing all kinds of entries. Then it gets really fun, with budgeting, reporting, auditing, and beyond. You'll even get some tips on spending your money wisely. For small businesses, new accountants, and everyone who needs a complete accounting reference, this is the must-have Dummies guide.

9 Mini-Books Inside...

• Accounting For Financial Systems
• Recording Transactions
• Adjusting and Closing Entries
• Preparing Income Statements and Balance Sheets
• Reporting Your Statements
• Planning and Budgeting For Your Business
• Making Savvy Business Decisions
• Handling Cash and Making Purchase Decisions
• Auditing for Financial Fraud

Introduction 1

Book 1: Accounting for Financial Systems 5

Chapter 1: Accounting for the Basics 7

Chapter 2: Charting Your Accounts 17

Chapter 3: Using Journal Entries and Ledgers 27

Chapter 4: Choosing an Accounting Method 45

Chapter 5: Setting the Standards 53

Book 2: Recording Transactions 63

Chapter 1: Keeping the Books 65

Chapter 2: Tracking Purchases 77

Chapter 3: Tallying Your Sales 87

Chapter 4: Processing Employee Payroll and Benefits 99

Chapter 5: Taxing Payrolls 119

Book 3: Adjusting and Closing Entries 129

Chapter 1: Depreciating Your Assets 131

Chapter 2: Interesting Rates 143

Chapter 3: Proving Out Cash 153

Chapter 4: Reconciling Accounts and Closing Journal Entries 161

Chapter 5: Checking Your Accuracy 177

Chapter 6: Adjusting the Books 189

Book 4: Preparing Income Statements and Balance Sheets 201

Chapter 1: Stating Your Income 203

Chapter 2: Balancing Your Sheets 221

Chapter 3: Digging for Debt in the Balance Sheet 237

Chapter 4: Explaining Equity 251

Chapter 5: Interpreting Income Statements and Balance Sheets 263

Book 5: Reporting Your Statements 277

Chapter 1: Valuating Finances 279

Chapter 2: Watching Cash Flow and Equity 289

Chapter 3: Analyzing Financial Statements 305

Chapter 4: Explaining Disclosures 321

Chapter 5: Sharing Public Reports 335

Book 6: Planning and Budgeting for Your Business 347

Chapter 1: Looking at the Legals 349

Chapter 2: Incorporating Your Business 361

Chapter 3: Drawing Up a Business Plan 375

Chapter 4: Budgeting for a Better Bottom Line 389

Chapter 5: Mastering Budgeting Strategies 403

Chapter 6: Planning for Long-Term Obligations 415

Book 7: Making Savvy Business Decisions 427

Chapter 1: Costing Jobs 429

Chapter 2: Costing by the ABCs 445

Chapter 3: Contributing to the Margin 461

Chapter 4: Accounting for Change with Variance Analysis 477

Chapter 5: Pricing Wisely 495

Chapter 6: Formulating Equations 505

Book 8: Handling Cash and Making Purchase Decisions 515

Chapter 1: Matching Costs with Revenue 517

Chapter 2: Exploring Inventory Cost Flows 525

Chapter 3: Buying Wisely 537

Chapter 4: Financing with Debt 551

Chapter 5: Managing Results 565

Chapter 6: Acquiring New Business 573

Book 9: Auditing for Financial Fraud 591

Chapter 1: Regulating Securities 593

Chapter 2: Preventing Cash Losses from Embezzlement and Fraud 607

Chapter 3: Assessing Audit Risk 621

Chapter 4: Discovering Audits 645

Chapter 5: Auditing Internal Controls 663

Chapter 6: Scheming Scams 685

Chapter 7: Cooking the Books 695

Index 707

A complete and easy-to-follow resource covering every critical step of the accounting process

Learning to love the language of business is easier than you think! In the newly revised Third Edition of Accounting All-In-One For Dummies with Online Practice, finance expert Michael Taillard walks you through every step of the accounting process, from setting up your accounting system to auditing and detecting financial irregularities.

You'll enjoy a unified compilation of mini-books and online practice and video resources that bring together everything you need to know about accounting into one convenient book and web portal. You'll learn to record accounting transactions, adjust and close entries, prepare income statements and balance sheets, and more. You'll also get:

• Online instructional videos that describe the modern reality of accounting in the digital age
• Guidance and instruction on how to make savvy financial decisions to help guide your business in the right direction
• Advice on how to handle case and make intelligent purchasing decisions
• Helpful practice quizzes for each topic to help you crunch the numbers

Perfect for anyone who's just beginning their career or education in accounting--as well as those who just love numbers--Accounting All-in-One For Dummies is also a must-read for business owners, founders, and managers who want to get a better understanding of the financial side of commerce.