... Pensions and profit-sharing plans ߜ Rents ߜ Repairs and maintenance ߜ Salaries and wages ߜ Taxes and licenses 59 Chapter 3: Bookkeeping and Accounting Systems 07_246009 ch03.qxp 4/16/ 08 11:54 ... ch02.qxp 4/16/ 08 11:51 PM Page 49 Clearly, an accounting system needs to standardize the forms and procedures for processing and recording all normal, repetitive transaction...
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... profit accounting a fascinating challenge. For one thing, you have to understand how a business operates and its strategies in order to account for its profit. Making a profit and accounting for ... impact of depreciation on cash flow” sidebar for more information. 88 Part II: Figuring Out Financial Statements 09_246009 ch04.qxp 4/16/ 08 11:56 PM Page 88 ߜ A business hir...
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Accounting and Bookkeeping For Dummies 4th edition_3 doc
... particular assets and liabil- ities and sales revenue and expenses. Business managers need a good under- standing of these connections to control assets and liabilities. And outside investors and creditors ... equity Total liabilities and owners’ equity Liabilities and Owners’ Equity 20 08 $765 $900 $115 $2,250 $4,030 $4,000 $3,250 $3,570 $6 ,82 0 $14 ,85 0 $640 $750 $90 $2,1...
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Accounting and Bookkeeping For Dummies 4th edition_4 docx
... that it charges its customers. 1 28 Part II: Figuring Out Financial Statements 11_246009 ch06.qxp 4/17/ 08 12: 28 AM Page 1 28 The “A” in Version A stands for actual and aggressive. What I mean by ... CPA should also test for possible fraud and any accounting shenanigans in the financial statements. (I discuss accounting and financial reporting fraud in Chapter 15.) As the...
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Accounting and Bookkeeping For Dummies 4th edition_5 potx
... to the grueling effort and long hours to get the business off the ground and up and running. The founders don’t get paid for their sweat equity, and it does not show up in the accounting records ... damage when they’re handled, stored, and moved (for example when the forklift operator misses the slots in the pallet and punctures the container). Products may be stolen (by empl...
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Accounting and Bookkeeping For Dummies 4th edition_7 doc
... Motors and a copy of my book, Accounting For Dummies, 4th Edition, hot off the printing presses. Most production (manufacturing) processes are fairly complex, so product cost accounting for manufacturers ... are always grounds for criticism. 2 28 Part III: Accounting in Managing a Business 17_246009 ch11.qxp 4/17/ 08 12:50 AM Page 2 28 227 Chapter 11: Cost Concepts and...
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Accounting and Bookkeeping For Dummies 4th edition_8 pot
... be ready for serious concentration. Staying on Top of Accounting and Financial Reporting Standards Standards and requirements for accounting and financial reporting don’t stand still. For many ... business and finance in general, and understand basic accounting terminology and measurement methods in particular. Financial reporting standards and prac- tices, in other...
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Accounting and Bookkeeping For Dummies 4th edition_9 docx
... legal exposure, and so on. Private and public businesses are bound by the same accounting rules for mea- suring profit and for valuing assets, liabilities, and owners’ equity, and for dis- closures ... Kit For Dummies (Wiley). 284 Part IV: Preparing and Using Financial Reports 20_246009 ch13.qxp 4/17/ 08 12:04 AM Page 284 Stock share prices of public companies bou...
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Accounting and Bookkeeping For Dummies 4th edition_10 pdf
... Audits and Accounting Fraud 22_246009 ch15.qxp 4/17/ 08 12:05 AM Page 313 312 Part IV: Preparing and Using Financial Reports Exploring the Need for Audits One reason for audits — especially for ... statements following authoritative accounting and financial reporting standards and that the footnotes to the financial statements cover all important points and issues. Unfo...
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Accounting and Bookkeeping For Dummies 4th edition_13 docx
... 0-7645-7675-5 MacBook For Dummies 0-470-0 485 9-X Macs For Dummies 0-470-0 484 9-2 Office 2007 For Dummies 0-470-00923-3 Outlook 2007 For Dummies 0-470-0 383 0-6 PCs For Dummies 0-7645 -89 58- X Salesforce.com For Dummies ... ratio, 287 diluted EPS, 281 – 282 dividend yield, 283 EPS (earnings per share), 280 – 282 financial leverage gain, 288 – 289 gross margi...
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