Accounting and Bookkeeping For Dummies 4th edition 2 ppt

Accounting and Bookkeeping For Dummies 4th edition_1 pptx

... Standards06 _24 6009 ch 02. qxp 4/16/08 11:51 PM Page 49Clearly, an accounting system needs to standardize the forms and procedures for processing and recording all normal, repetitive transactions and shouldcontrol ... fraud in Chapters 7 and 15. 52 Part I: Opening the Books on Accounting 06 _24 6009 ch 02. qxp 4/16/08 11:51 PM Page 52 Keeping in Step with Accounting and Financial Reporting StandardsThe unimpeded ... between accounting and financial reporting standards for publicversus private companies. Although most accountants don’t like to admit it,49Chapter 2: Financial Statements and Accounting Standards06 _24 6009...

Accounting and Bookkeeping For Dummies 4th edition_2 ppt

... profit accounting a fascinating challenge. For one thing, you have tounderstand how a business operates and its strategies in order to account for its profit.Making a profit and accounting for ... recording and reporting of profit; see Chapter 2 for details about GAAP.09 _24 6009 ch04.qxp 4/16/08 11:56 PM Page 77So what’s the answer for a manager who receives poorly formatted reports?Demand ... but beprepared for many, many references. Except for larger entities that employtheir own accounting software and information technology experts, mostbusinesses need the advice and help of outside...

Accounting and Bookkeeping For Dummies 4th edition_3 doc

... assetsProperty, plant, and equipmentAccumulated depreciation Net of depreciationTotal assetsAssets 20 08 $2, 165 $2, 600$3,450$600$8,815$ 12, 450($6,415$6,035$14,850 $2, 275 $2, 150 $2, 725 $ 525 $7,675$11,175($5,640$5,535$13 ,21 0)) 20 09Accounts ... liabilities and owners’ equityLiabilities and Owners’ Equity 20 08$765$900$115 $2, 250$4,030$4,000$3 ,25 0$3,570$6, 820 $14,850$640$750$90 $2, 150$3,630$3,850$3,100 $2, 630$5,730$13 ,21 0 20 09Typical ... sheets for the years ended December 31, 20 08 and 20 09. The business started the year with $2, 275,000 cash and ended the year with $2, 165,000 (as in the business exam-ple I use in Chapters 4 and...

Accounting and Bookkeeping For Dummies 4th edition_4 docx

... plant, and equipmentAccumulated depreciation Net of depreciationTotal assetsAssets Version A $2, 045 $2, 570 $2, 750$550$7,915$ 12, 225 ($7,435$4,790$ 12, 705 $2, 165 $2, 600$3,450$600$8,815$ 12, 450($6,415$6,035$14,850))))))Version ... liabilities and owners’ equityLiabilities and Owners’ Equity$765$965$115 $2, 250$4,095$4,000$3 ,25 0$1,955$5 ,20 5$13,300$765$900$115 $2, 250$4,030$4,000$3 ,25 0$3,570$6, 820 $14,850$0$65$0$0$65$0$0($1,615($1,615($1,550))))))))))Figure ... sales. 122 Part II: Figuring Out Financial Statements 11 _24 6009 ch06.qxp 4/17/08 12: 28 AM Page 122 Typical Business, Inc.(Dollar amounts in thousands)Balance Sheet at December 31, 20 09CashAccounts...

Accounting and Bookkeeping For Dummies 4th edition_5 potx

... a ready market for its stockshares, which puts you between a rock and a hard place.)1 72 Part III: Accounting in Managing a Business 14 _24 6009 ch08.qxp 4/17/08 12: 00 AM Page 1 72 Calculating ... to the grueling effort and long hours to get the business off the ground and up and running. Thefounders don’t get paid for their sweat equity, and it does not show up in the accounting records ... is an acceptable method under GAAP and for income tax purposes.1 52 Part II: Figuring Out Financial Statements 12_ 246009 ch07.qxp 4/16/08 11:59 PM Page 1 52 have a zero book value. (Recall that...

Accounting and Bookkeeping For Dummies 4th edition_7 doc

... are alwaysgrounds for criticism. 22 8Part III: Accounting in Managing a Business 17 _24 6009 ch11.qxp 4/17/08 12: 50 AM Page 22 8 22 7Chapter 11: Cost Concepts and Conundrums Accounting versus ... or earnings before interest and incometax expenses. 21 9Chapter 10: Financial Planning, Budgeting, and Control16 _24 6009 ch10.qxp 4/17/08 12: 02 AM Page 21 9managers to strive for and achieve the ... statements. 21 2Part III: Accounting in Managing a Business 16 _24 6009 ch10.qxp 4/17/08 12: 02 AM Page 21 2increased to accommodate the volume increase. In Chapter 10, I explainthe budgeting process and...

Accounting and Bookkeeping For Dummies 4th edition_8 pot

... be ready for seriousconcentration.Staying on Top of Accounting and Financial Reporting StandardsStandards and requirements for accounting and financial reporting don’t standstill. For many ... Managing a Business 17 _24 6009 ch11.qxp 4/17/08 12: 50 AM Page 24 0 24 4Part III: Accounting in Managing a Business 17 _24 6009 ch11.qxp 4/17/08 12: 50 AM Page 24 4The information in the manufacturing ... 12- 1:Currentassets and currentliabilities ofa business,beforewindowdressing. 25 7Chapter 12: Getting a Financial Report Ready for Release19 _24 6009 ch 12. qxp 4/17/08 12: 04 AM Page 25 7This disclosure...

Accounting and Bookkeeping For Dummies 4th edition_9 docx

... liabilities and owners‘ equity1 32, 720 $136,650199, 925 $336,575$58,85560,000 21 7, 720 $336,575Figure 13 -2: Balancesheetexample for a business. 27 8Part IV: Preparing and Using Financial Reports 20 _24 6009 ... difficulties and sensitive issues in reporting its financial affairs to the outside world. 27 2Part IV: Preparing and Using Financial Reports 20 _24 6009 ch13.qxp 4/17/08 12: 04 AM Page 27 2 27 0Part ... expense 29 8,750Gross margin $158 ,25 0Sales, administration, and general expenses 1 02, 680Earnings before interest and income tax $55,570Interest expense 6 ,25 0Earnings before income tax $49, 320 Income...

Accounting and Bookkeeping For Dummies 4th edition_10 pdf

... Audits and Accounting Fraud 22 _24 6009 ch15.qxp 4/17/08 12: 05 AM Page 3133 12 Part IV: Preparing and Using Financial Reports Exploring the Need for AuditsOne reason for audits — especially for ... dressing and profit smoothing — two common exam-ples of massaging the numbers — in Chapter 12. 29 2Part IV: Preparing and Using Financial Reports 20 _24 6009 ch13.qxp 4/17/08 12: 04 AM Page 29 2Most ... prepaid now, such as insurance 29 8Part IV: Preparing and Using Financial Reports 21 _24 6009 ch14.qxp 4/17/08 12: 05 AM Page 29 8ߜ Abnormal charges for embezzlement and fraud losses.ߜ Significant...

Accounting and Bookkeeping For Dummies 4th edition_13 docx

... 0-7645-6941-4England For Dummies 0-7645- 427 6-1Europe For Dummies 0-7645-7 529 -5Germany For Dummies 0-7645-7 823 -5Hawaii For Dummies 0-7645-74 02- 7Italy For Dummies 0-7645-7386-1Las Vegas For Dummies ... 20 02, 64–65,319– 320 SEC (Securities and ExchangeCommission)10-K form, 27 5definition, 355disclosure standards, 25 3378 Accounting For Dummies, 4th Edition 27 _24 6009 bindex.qxp 4/17/08 12: 07 ... Vista For Dummies 0-471-7 829 3-9Excel 20 07 For Dummies 0-470-03737-7Mac OS X Tiger For Dummies 0-7645-7675-5MacBook For Dummies 0-470-04859-XMacs For Dummies 0-470-04849 -2 Office 20 07 For Dummies 0-470-00 923 -3Outlook...

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