Financial Accounting for Dummies - 9780470930656

With easy-to-understand explanations and real-life examples, Financial Accounting For Dummies provides you with the basic concepts, terminology, and methods to interpret, analyze, and evaluate business financial statements. Whether you're a student taking an introductory course or a business owner who needs a financial accounting initiation, this hands-on, friendly guide can help.

Financial Accounting 101 ù get acquainted with the world of financial accounting, from the responsibilities of financial accountants to the coursework, certifications, and career options available

Book it ù discover the process behind financial accounting, which starts with booking a company's accounting transactions using journal entries and ledgers

It's a balancing act ù get the lowdown on the different parts of a balance sheet (assets, liabilities, and equity) and how together they illustrate a company's financial position

Search for profit (or loss) ù navigate an income statement to study a company's revenue, expenses, gains, and losses

Follow the cash ù find out what the statement of cash flows tells you about how a business uses its money

Open the book and find:

The purpose of financial accounting

Ethical responsibilities of financial accountants

What financial statements tell you about a company

Regulatory issues and agencies you need to know

Accounting methods and concepts

How to investigate income and cash flow

Different ways to analyze financial statements

The job (and income) outlook for financial accountants