Balance the books - without all the headaches! Trying to get certified and become an accountant? Own a small business but need a little help balancing your books? Don't worry! This hands-on guide provides the learning and vital practice you need to master important accounting concepts and basics.
Perfect as a companion workbook for ‘Accounting For Dummies’ - or any other accounting textbook - ‘Accounting Workbook For Dummies’ gives you a wealth of real-world examples, demonstration problems, and handy exercises. With this helpful resource as your guide, you'll master balance sheets, income statements, and budgets in no time!
It includes 100s of problems! You can: record transactions, track costs, and manage accounts; open and close bookkeeping cycles; analyze business performance and profit; choose the right accounting method; master investment accounting fundamentals; and understand manufacturing cost accounting.
Part I: Business Accounting Basics 5
Chapter 1: Elements of Business Accounting 7
Chapter 2: Financial Effects of Transactions 27
Chapter 3: Getting Started in the Bookkeeping Cycle 47
Chapter 4: The Bookkeeping Cycle: Adjusting and Closing Entries 75
Part II: Preparing Financial Statements 97
Chapter 5: The Effects and Reporting of Profit 99
Chapter 6: Reporting Financial Condition in the Balance Sheet 119
Chapter 7: Coupling the Income Statement and Balance Sheet 143
Chapter 8: Reporting Cash Flows and Changes in Owners’ Equity 159
Chapter 9: Choosing Accounting Methods 177
Part III: Managerial, Manufacturing, and Capital Accounting 201
Chapter 10: Analyzing Profit Behavior 203
Chapter 11: Manufacturing Cost Accounting 229
Chapter 12: Figuring Out Interest and Return on Investment 259
Part IV: The Part of Tens 287
Chapter 13: Ten Things You Should Know About Business Financial Statements 289
Chapter 14: A Ten-Point Checklist for Management Accountants 295