The Handy Accounting Answer Book

Editor/Author Gray, Amber K.
Publication Year: 2019
Publisher: Visible Ink Press

Price: Core Collection Only
ISBN: 978-1-57859-675-1
Category: Business, Finance & Economics - Finance, Personal
Image Count: 241
Book Status: Available
Table of Contents

Everyone needs to budget money and manage costs, whether for groceries and everyday purchases, rent or mortgage, education, retirement, or even a business. Like it or not, accounting infuses most everything in life. From credits, debits, and basic bookkeeping to getting the most out of tax deductions and from reading or creating a business' financial statement to better understanding accounting lingo.

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Table of Contents

  • Acknowledgements
  • Photo Sources
  • Introduction
  • What is Accounting?
  • Accounting Defined
  • Users of Accounting Information
  • Early Accounting
  • A Very Brief History of Financial Accounting in the United States
  • FASB'S Conceptual Framework
  • The FASB
  • The Conceptual Framework
  • Qualitative Characteristics
  • Elements of Financial Statements
  • Recognition, Measurement, and Disclosure Concepts
  • Financial Statement Elements
  • Elements
  • Assets
  • Liabilities
  • Equity, Investments by Owners, and Distributions to Owners
  • Revenues and Expenses
  • Gains, Losses, and Comprehensive Income
  • Four Basic Financial Statements
  • Financial Statements
  • The Basic Accounting Equation
  • The Income Statement
  • The Statement of Retained Earnings
  • The Balance Sheet
  • The Statement of Cash Flows
  • Other Financial Reporting
  • Financial Statement Analysis
  • Analysis Basics
  • Horizontal Analysis
  • Vertical Analysis
  • Ratio Analysis Basics
  • Liquidity Ratios
  • Solvency Ratios
  • Profitability Ratios
  • Asset Management Ratios
  • Market Performance Ratios
  • The Balanced Scorecard
  • Bookkeeping and the Accounting Cycle
  • The Accounting Cycle
  • Steps 1–3: Analyze, Record, and Post
  • Steps 4–8: The Month-End Close
  • Steps 9–11: The Year End Close
  • Source Documents in the Accounting System
  • Specific Accounting Issues
  • Fraud and Internal Controls
  • Merchandisers
  • Inventory Accounting
  • Accounts Receivable and Bad Debt
  • Fixed Assets and Intangibles
  • Payroll Accounting
  • Cost Accounting Basics
  • The Operating Cycle
  • Cost Classifications
  • Job-Order Costing
  • Activity Based Costing
  • Process Costing
  • Other Costing Systems
  • Budgeting, Planning, and Controlling
  • Why Budget?
  • The Master Budget
  • Flexible Budgets
  • Standard Costs and Variances
  • Managerial Accounting Basics
  • The Contribution Format Income Statement
  • Cost-Volume-Profit Analysis
  • Managerial Decision Making
  • Drop or Retain a Segment
  • Make or Buy
  • Special Order
  • Constrained Resources
  • Responsibility Accounting
  • Capital Budgeting
  • Starting a Small Business
  • Choosing a Business Structure
  • Creating a Business Plan
  • Setting Up an Accounting Information System
  • Profit and Cash Flow
  • Employees and Payroll
  • Tax Issues
  • Accountants and the Future of Accounting
  • Accounting Careers
  • Credentials
  • Major Players
  • Notable Accountants
  • Accounting Scandals
  • The Future of Accounting
  • Appendices
  • Journal Entries
  • Partnership Accounting
  • Financial Statements
  • Annual Report Example
  • Glossary
  • Further Reading
  • About the Author
  • Also From Visible Ink Press