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Financial Accounting 101 ù get acquainted with the world of financial accounting, from the responsibilities of financial accountants to the coursework, certifications, and career options available
Book it ù discover the process behind financial accounting, which starts with booking a company's accounting transactions using journal entries and ledgers
It's a balancing act ù get the lowdown on the different parts of a balance sheet (assets, liabilities, and equity) and how together they illustrate a company's financial position
Search for profit (or loss) ù navigate an income statement to study a company's revenue, expenses, gains, and losses
Follow the cash ù find out what the statement of cash flows tells you about how a business uses its money
Open the book and find:
The purpose of financial accounting
Ethical responsibilities of financial accountants
What financial statements tell you about a company
Regulatory issues and agencies you need to know
Accounting methods and concepts
How to investigate income and cash flow
Different ways to analyze financial statements
The job (and income) outlook for financial accountants
Despite the economic landscape and job market, demand for accountants remains strong, and accountants will continue to see high demand for their services as the economy rebounds and businesses grow. Additionally, one of the effects of the economic downturn is a greater emphasis on accountability, transparency, and controls in financial reporting.
With easy-to-understand explanations and real-life examples, Financial Accounting For Dummies provides students who are studying business, finance, and accounting with the basic concepts, terminology, and methods to interpret, analyze, and evaluate actual corporate financial statements.
- Covers traditional introductory financial accounting course material
- Concepts accountants and other business professional use to prepare reports
- Mergers and acquisitions purchase and pooling, free cash flow, and financial statement analysis
Whether you're a student on your way to earning a bachelor's degree, MBA, or MAcc, Financial Accounting For Dummies gives you a wealth of information to grasp the subject and ace the course.