Accounting for Dummies

By John A. Tracy

Book Overview

Learn the basics of practical accounting Featuring the latest information on accounting methods and standards, this guide shows you how to avoid accounting fraud, minimize confusion, maximize profits, and make sense of accounting basics. You'll quickly understand how to manage inventory, report income and expenses for public or private companies, evaluate profit margins, analyze business strengths and weaknesses, and manage budgets for a better bottom line. With 25 percent new content including updated information on small and large business reporting standards, international accounting standards, and preventing financial reporting fraud, Accounting For Dummies continues to be an excellent resource for those studying accounting. The separate accounting and financial reporting standards for private/small businesses versus public/large businesses (Little GAAP vs. Big GAAP) The internationalization of accounting standards The rise in restatements of previously issued financial reports by public corporations, and how revisions of previously reported earnings impact investors The increasing focus on preventing financial reporting fraud and the expanded role and responsibility of the CPA auditor Accounting problems with stock options The "unaccounted for" cost of employee pensions and retirement health care costs, in both the private and public sectors Expanded coverage of small business accounting Updated resources and websites The information in Accounting For Dummies is valuable for anyone studying or working in the fields of accounting or finance.

• Format: Paperback
• Language: English
• ISBN: 1118482220
• ISBN13: 9781118482223
• Release Date: March 2013
• Publisher: For Dummies
• Length: 390 Pages
• Weight: 1.32 lbs.
• Dimensions: 1.1" x 7.3" x 9.2"

Customer Reviews

Great book

this is a great book I have learned lots from this book thank you.

No good

I ordered this book on accounting to help me with my accounting class. It was absolutely no use. Everything that I looked up that I was doing an accounting class was not available in this book. I’ve come to the conclusion that the dummies series or not worth your time

Helpful Book!

Great book. It helped me understand accounting and it was easy to pick up the tricks and the trades of this course.

Very Good book for Financial and Mangerial Accounting

This is a great book for a person to use to suplment what is learned and practiced in Both entry level college accounting classes. It really will help you get a better grade in the class by reinforcing and explainations that are different then your typical college textbook. I highly reccomend this book for any college student that will be taking accounting, it is well worth it's price and I believe if read during the semester along with the practice in your class you will get a better grade. I did.

Not for you if your looking for a bookkeeping treatise.

This book is great (I mean great) if you need to understand what is profit, whats in a balance sheet, how to understand it, whats in an income statement. What are assets, etc, etc. This book will open your eyes. Like others have said its not about double entry bookkeeping, or how to prepare your balance sheet. Find that elsewhere. This book addresses what the numbers mean and how to follow them to come to conclusions and how to use that information.Let me put it this way. If you have a small business, or are put into a position where you need to manage money for a business, or need to buy a business. This book will help you if your not accountant savy.Its a great book, and is very well written. Another five star success for the dummies series.