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" Financial accounting demystified / "
Leonard Eugene Berry
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BL
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| Record Number
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713277
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| Doc. No
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b535466
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| Main Entry
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Berry, Leonard Eugene.
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| Title & Author
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Financial accounting demystified /\ Leonard Eugene Berry
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| Publication Statement
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New York, NY :: McGraw-Hill,, [2011]
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| Series Statement
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Demystified" series (New York, N.Y.)
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| Page. NO
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xv, 293 pages ;; 23 cm
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| ISBN
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007174102X
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: 9780071741026
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| Notes
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Includes index
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| Contents
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Acknowledgments -- Introduction -- Chapter 1: Financial Accounting: The Language Of Business -- Types of business enterprises -- Profession of accounting in the United States -- Need for financial information by businesses -- Form of financial information provided to outsiders -- Rules for preparing and reporting financial accounting information -- Quiz -- Chapter 2: Basic Principles Of Financial Accounting And Reporting -- How accounting principles are established -- Basic assumptions of financial accounting -- Basic accounting principles for measuring financial accounting transactions -- Measuring income and expenses using accrual accounting -- Dual entity concept -- Accounting equation -- Quiz -- Chapter 3: Balance Sheet And Income Statement-A Closer Look -- Balance sheet -- Statement of changes in stockholders' equity income statement -- Quiz -- Chapter 4: Accounting Process: Analyzing And Recording Business Transactions -- Double-entry accounting system -- Quiz -- Chapter 5: Accounting Process: Preparation Of The Worksheet, Adjusting And Closing Entries -- Accounting cycle -- Trial balance and the worksheet -- Extended illustration of the accounting cycle -- Specialized journals -- Quiz -- Chapter 6: Managing And Accounting For Cash And Investments -- Composition of cash and cash equivalents -- Valuing and reporting of cash and cash equivalents -- Managing cash -- Cash internal controls -- Procedures for preparation of the bank reconciliation petty cash -- Investment in securities -- Quiz -- Chapter 7: Accounting For Sales And Receivables -- Recording sales and sales returns and allowances -- Accounting for sales warranties -- Selling products and merchandise on credit -- Accounting for uncollectible receivables -- Promissory notes receivable -- Uncollectible notes receivable -- Dishonored notes receivable -- Quiz -- Chapter 8: Accounting For Inventories -- Inventories in merchandising and manufacturing companies -- Purchasing and recording inventory -- Inventory cost flow methods -- Inventory valuation methods -- Quiz -- Chapter 9: Accounting For Long-Term Assets -- What are plant, property, and equipment? -- Acquisition of plant, property, and equipment -- Depreciation of plant and equipment -- Disposal of plant and equipment -- Accounting for intangible assets -- Quiz -- Chapter 10: Accounting For Liabilities -- Introduction -- Current liabilities -- Long-term liabilities -- Appendix: Time value of money -- Quiz -- Chapter 11: Accounting For Stockholders' Equity -- Corporate form of organization -- Common terminology -- Accounting for common stock -- Accounting for preferred stock -- Accounting for subscribed common stock -- Accounting for treasury stock -- Dividends -- Stock splits -- Retained earnings -- Quiz -- Chapter 12: Statement Of Cash Flows -- Purpose and importance of the statement of cash flows -- Statement of cash flows classifications -- Two methods for preparing the statement of cash flows -- Quiz -- Chapter 13: Financial Statements Analysis -- Who needs to analyze financial statements? -- Horizontal analysis -- Vertical analysis -- Ratio analysis -- Quiz -- Final exam -- Answers to quizzers and final exam -- Glossary -- Index
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| Abstract
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Overview: The simple solution to complex accounting. You don't need a genius IQ to ace your financial accounting curriculum. The only prerequisites are a little discipline and a comprehensive tutorial devoid of confusing jargon. Financial Accounting DeMYSTiFieD presents all the concepts and skills you need, in a language you understand. Designed to let you learn at your own pace, it explains all the rules for preparing and reporting accounting information to parties outside an organization. Then, you'll get details on basic financial accounting concepts, valuing inventories, accounting methods, stockholder's equity, receivables, and more. Featuring end-of-chapter quizzes and a final exam, Financial Accounting DeMYSTiFieD teaches you the ins and outs of financial accounting in no time at all! This fast and easy guide offers: Expert coverage of financial statements, cash and short-term investments, receivables, cash flows, liabilities; Tips, techniques, and insights that drive home key financial accounting principles and theories; Hundreds of worked-out examples, chapter-ending quizzes, and a final exam to reinforce learning and pinpoint weaknesses; Specific recommendations if you're having difficulty with certain subtopics. Simple enough for a beginner, but challenging enough for an advanced student, Financial Accounting DeMYSTiFieD is a shortcut to developing a working knowledge of accounting practices
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| Subject
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Accounting.
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| Dewey Classification
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657
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| LC Classification
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HF5636.B47 2011
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