Want to become an accountant? Own a small business but need help balancing your books? Worried about managing your finances under the cloud of the recession? This hands-on workbook gets you up to speed with the basics of business accounting, including reading financial reports, establishing budgets, controlling cash flow, and making wise financial decisions. The question and answer sections encourage you to find your own solutions to challenging accounting problems – and there’s plenty of space to scribble your workings out! Accounting Workbook For Dummies is the only book that makes truly light work of the financial fundamentals that many businesspeople try to bluff their way through every day. Accounting Workbook For Dummies, UK Edition covers: Part I: Business Accounting Basics Chapter 1: Elements of Business Accounting Chapter 2: Financial Effects of Transactions Chapter 3: Getting Started in the Bookkeeping Cycle Chapter 4: The Bookkeeping Cycle: Adjusting and Closing Entries Part II: Preparing Financial Statements Chapter 5: The Effects and Reporting of Profit Chapter 6: Reporting Financial Condition in the Balance Sheet Chapter 7: Coupling the Profit & Loss Statement and Balance Sheet Chapter 8: Reporting Cash Flows and Changes in Owners’ Equity Chapter 9: Choosing Accounting Methods Part III: Managerial, Manufacturing, and Capital Accounting Chapter 10: Analysing Profit Behavior Chapter 11: Manufacturing Cost Accounting Chapter 12: Figuring Out Interest and Return on Investment Part IV: The Part of Tens Chapter 13: Ten Things You Should Know About Business Financial Statements Chapter 14: A Ten-Point Checklist for Management Accountants Main changes in the UK edition include: UK Accounting practice Currency UK institutions – Inland Revenue and Customs and Excise etc National Insurance, PAYE UK taxation and VAT Partnerships and Limited company information UK legal practice UK specific forms UK specific case studies
Book Details:
- Author: Jane Kelly
- ISBN: 9780470663554
- Year Published: 2009
- Pages: 296
- BISAC: BUS001000, BUSINESS & ECONOMICS/Accounting / General
About the Book and Topic:
Want to become an accountant? Own a small business but need help balancing your books? Worried about managing your finances under the cloud of the recession? This hands-on workbook gets you up to speed with the basics of business accounting, including reading financial reports, establishing budgets, controlling cash flow, and making wise financial decisions. The question and answer sections encourage you to find your own solutions to challenging accounting problems – and there’s plenty of space to scribble your workings out! Accounting Workbook For Dummies is the only book that makes truly light work of the financial fundamentals that many businesspeople try to bluff their way through every day. Accounting Workbook For Dummies, UK Edition covers: Part I: Business Accounting Basics Chapter 1: Elements of Business Accounting Chapter 2: Financial Effects of Transactions Chapter 3: Getting Started in the Bookkeeping Cycle Chapter 4: The Bookkeeping Cycle: Adjusting and Closing Entries Part II: Preparing Financial Statements Chapter 5: The Effects and Reporting of Profit Chapter 6: Reporting Financial Condition in the Balance Sheet Chapter 7: Coupling the Profit & Loss Statement and Balance Sheet Chapter 8: Reporting Cash Flows and Changes in Owners’ Equity Chapter 9: Choosing Accounting Methods Part III: Managerial, Manufacturing, and Capital Accounting Chapter 10: Analysing Profit Behavior Chapter 11: Manufacturing Cost Accounting Chapter 12: Figuring Out Interest and Return on Investment Part IV: The Part of Tens Chapter 13: Ten Things You Should Know About Business Financial Statements Chapter 14: A Ten-Point Checklist for Management Accountants Main changes in the UK edition include: UK Accounting practice Currency UK institutions – Inland Revenue and Customs and Excise etc National Insurance, PAYE UK taxation and VAT Partnerships and Limited company information UK legal practice UK specific forms UK specific case studies
Accounting has been defined by the AICPA as “The art of recording, classifying, and summarizing in a significant manner and in terms of money, transactions and events which are, in part at least, of financial character, and interpreting the results thereof.” Accountancy, or accounting, is the system of recording, verifying, and reporting the value of assets, liabilities, income, and expenses in accounting books, or ledgers. Debit and credit entries are chronologically posted to record changes in value. Such financial information is primarily used by lenders, managers, investors, tax authorities and other decision makers to make resource allocation decisions between and within companies, organisations, and public agencies. The top three accountancy firms in the UK by revenue are PricewaterhouseCoopers, Deloitte, and KPMG (FinancialDirector.com, 2008). In an unstable economy, and under the thumb of the global recession, these firms can expect to see significantly smaller returns. Those who do accounting privately, at home or for a small business, are also suffering – and advice on surviving the recession is needed now more than ever.
This is a topic that Dummies does well: accounting is complicated, can be confusing and time-consuming, isnt particularly interesting, and people are intimidated by it. Understanding Business Accounting For Dummies is an established bestseller and the most popular book on accounting available on the market. The 1st edition ranks number 5 in the UKFD bestseller list in terms of value. This Dummies workbook offers an interactive, hands-on guide to the subject, allowing readers to work through problems and exercises in the book and check their answers along the way. The workbook develops key concepts and skills that are presented in Understanding Business Accounting For Dummies. Will cluster well on the shelf with Bookkeeping Workbook For Dummies – due to publish at the same time. Fully adapted and updated, this new UK edition contains UK-centric information on accounting practice, currency, forms, case studies, institutions, taxation, and business practice.
About the Author
Jane Kelly is a Chartered Management Consultant and author of Sage 50 Accounts For Dummies and Bookkeeping Workbook For Dummies. She teaches on bookkeeping courses for small businesses, and also works with mature students to provide accountancy training at all levels. Additionally, Jane runs a training and accountancy company offering bookkeeping and accounting support for businesses.