Accounting All-In-One for Dummies with Online Practice (Paperback, 2)

Introduction 1

Book 1: Setting Up Your Accounting System 5

Chapter 1: Grasping Bookkeeping and Accounting Basics 7

Chapter 2: Outlining Your Financial Road Map with a Chart of Accounts 17

Chapter 3: Using Journal Entries and Ledgers 27

Chapter 4: Choosing an Accounting Method 43

Book 2: Recording Accounting Transactions 55

Chapter 1: Keeping the Books 57

Chapter 2: Tracking Purchases 69

Chapter 3: Counting Your Sales 81

Chapter 4: Processing Employee Payroll and Benefits 93

Chapter 5: Computing and Reporting Payroll Taxes 113

Book 3: Adjusting and Closing Entries 125

Chapter 1: Depreciating Your Assets 127

Chapter 2: Paying and Collecting Interest 139

Chapter 3: Proving Out the Cash 149

Chapter 4: Reconciling Accounts and Closing Journal Entries 159

Chapter 5: Checking Your Accuracy 175

Chapter 6: Adjusting the Books 185

Book 4: Preparing Income Statements and Balance Sheets 197

Chapter 1: Brushing Up on Accounting Standards 199

Chapter 2: Preparing an Income Statement and Considering Profit 209

Chapter 3: Assessing the Balance Sheet’s Asset Section 227

Chapter 4: Digging for Debt in the Balance Sheet’s Liabilities Section 243

Chapter 5: Explaining Ownership in the Equity Section of the Balance Sheet 257

Chapter 6: Coupling the Income Statement and Balance Sheet 269

Book 5: Reporting on Your Financial Statements 283

Chapter 1: Presenting Financial Condition and Business Valuation 285

Chapter 2: Laying Out Cash Flows and Changes in Equity 295

Chapter 3: Analyzing Financial Statements 311

Chapter 4: Reading Explanatory Notes and Disclosures 327

Chapter 5: Studying the Report to the Shareholders 341

Book 6: Planning and Budgeting for Your Business 353

Chapter 1: Incorporating Your Business 355

Chapter 2: Choosing a Legal Structure for a Business 367

Chapter 3: Drawing Up a Business Plan to Secure Cash 379

Chapter 4: Budgeting for a Better Bottom Line 393

Chapter 5: Mastering and Flexing Your Budgeting 405

Chapter 6: Planning for Long-Term Obligations 417

Book 7: Making Savvy Business Decisions 429

Chapter 1: Estimating Costs with Job Costing 431

Chapter 2: Performing Activity-Based Costing 447

Chapter 3: Examining Contribution Margin 463

Chapter 4: Accounting for Change with Variance Analysis 479

Chapter 5: Making Smart Pricing Decisions 495

Chapter 6: Using Financial Formulas 505

Book 8: Handling Cash and Making Purchase Decisions 515

Chapter 1: Identifying Costs and Matching Costs with Revenue 517

Chapter 2: Exploring Inventory Cost Flow Assumptions 525

Chapter 3: Answering the Question: Should I Buy That? 537

Chapter 4: Knowing When to Use Debt to Finance Your Business 551

Chapter 5: Interpreting Your Financial Results as a Manager 565

Chapter 6: Handling the Financial End of a Business Sale 573

Book 9: Auditing and Detecting Financial Fraud 591

Chapter 1: Mulling Over Sarbanes-Oxley Regulation 593

Chapter 2: Preventing Cash Losses from Embezzlement and Fraud 607

Chapter 3: Assessing Audit Risk 621

Chapter 4: Collecting and Documenting Audit Evidence 645

Chapter 5: Auditing a Client’s Internal Controls 663

Chapter 6: Getting to Know the Most Common Fraud Schemes 685

Chapter 7: Cooked Books: Finding Financial Statement Fraud 693

Index 703