The Handy Accounting Answer Book
eBook - ePub

The Handy Accounting Answer Book

  1. 400 pages
  2. English
  3. ePUB (mobile friendly)
  4. Available on iOS & Android
eBook - ePub

The Handy Accounting Answer Book

About this book

An informative, easy-to-use guide to accounting fundamentals and concepts

Everyone needs to budget money and manage costs, whether for groceries and everyday purchases, rent or mortgage, education, retirement, or even a business. Like it or not, accounting infuses most everything in life. From credits, debits, and basic bookkeeping to getting the most out of tax deductions and from reading or creating a business' financial statement to better understanding accounting lingo, The Handy Accounting Answer Book can help anyone acquire the skills to start or run a business, plan for retirement, set money aside for a big purchase, establish everyday budgets, and improve their money management.

Find out about the concepts and assumptions behind the Generally Accepted Accounting Principles. Understand tax returns and maximize write-off. Manage retirement account statements and find ways to improve their results. Learn how to create a business plan. Learn about a business' financial ratios, cost of goods, depreciation, tax planning, recognizing revenue and expenses, financial audits, year-end closing the books, and other terms and rules. Maximize profits and improve personal or business bottom lines.

Covering accounting fundamentals, concepts, and jargon, The Handy Accounting Answer Book is for everyone who wants to understand the language of money and business. It uses basic terms and simple examples to illustrate complex accounting topics and can help you make better decisions about your business or personal finances. This handy primer answers nearly 800 questions and offers fun facts covering the basics of accounting, including …

  • What is the earliest known form of accounting?
  • What are the elements of financial statements?
  • When is revenue recognized?
  • What is accrual basis accounting?
  • How does an accountant determine which asset account titles to use?
  • What is goodwill?
  • How many different types of financial statements are there?
  • What is the basic accounting equation?
  • How is operating income different from net income?
  • How do you know if a company is doing well?
  • What is the quick ratio?
  • How is earnings per share evaluated?
  • What is a journal entry?
  • What is a purchase order?
  • What is the fraud triangle?
  • How is depreciation expense calculated and recorded?
  • What is a franchise?
  • What are the employer payroll taxes?
  • What is indirect labor?
  • How is a budget prepared?
  • What is a revenue variance?
  • What is contribution margin?
  • What is the time value of money?
  • What is one of the first things that must be done when starting a small business?
  • What are some of the key components of a business plan?
  • Can a business be successful if it doesn't make a profit?
  • What is a CPA?
  • What happened at Enron?

    For anyone planning for a business, retirement, college, or life in general, this informative book also includes a glossary of commonly used terms to cut through the jargon, a helpful bibliography, appendices providing examples of accountancy practices, and an extensive index, adding to its usefulness. It will help anyone's financial intelligence!

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    Yes, you can access The Handy Accounting Answer Book by Amber K. Gray in PDF and/or ePUB format, as well as other popular books in Business & Accounting. We have over one million books available in our catalogue for you to explore.

    Information

    Year
    2019
    Print ISBN
    9781578596751
    eBook ISBN
    9781578596997
    Subtopic
    Accounting

    Table of contents

    1. Front Cover
    2. Title Page
    3. Table of Contents
    4. Dedication
    5. Acknowledgments
    6. Photo Sources
    7. Introduction
    8. What is Accounting?
    9. FASB’s Conceptual Framework
    10. Financial Statement Elements
    11. Four Basic Financial Statements
    12. Financial Statement Analysis
    13. Bookkeeping and the Accounting Cycle
    14. Specific Accounting Issues
    15. Cost Accounting Basics
    16. Budgeting, Planning, and Controlling
    17. Managerial Accounting Basics
    18. Starting a Small Business
    19. Accountants and The Future of Accounting
    20. Appendix 1: Journal Entries
    21. Appendix 2: Partnership Accounting
    22. Appendix 3: Financial Statements
    23. Appendix 4: Annual Report Example
    24. Glossary
    25. Further Reading
    26. Index
    27. About the Author
    28. Also from Visible Ink Press
    29. Copyright