Accounting

This book presents concepts simply, while ensuring the best, most accurate coverage. College Accounting is designed to make accounting understandable to virtually everyone without sacrificing substance and technical correctness. A step-by-step, straightforward approach helps readers build practical accounting skills that are needed when entering the world of work. The simple service industry examples take you through the fundamental processes of financial accounting, including the development of financial statements, concerns about accounting for cash, and key aspects of accounting for taxes. The book continues with coverage of many aspects of accounting for merchandising businesses.

With this fourth edition, accountants will acquire a practical set of tools and the confidence they need to use them effectively in making business decisions. It better reflects a more conceptual and decision-making approach to the material. The authors follow a "macro- to micro-" strategy by starting with a discussion of real financial statements first, rather than starting with the Accounting Cycle. The objective is to establish how a financial statement communicates the financing, investing, and operating activities of a business to users of accounting information. This motivates accountants by grounding the discussion in the real world, showing them the relevance of the topics covered to their careers.

1. Accounting—Present and Past Part 1 Financial Accounting 2. Financial Statements and Accounting Concepts/Principles 3. Fundamental Interpretations Made From Financial Statement Data 4. The Bookkeeping Process and Transaction Analysis 5. Accounting for and Presentation of Current Assets 6. Accounting for and Presentation of Property, Plant and Equipment, and other Noncurrent Assets 7. Accounting for and Presentation of Liabilities 8. Accounting for and Presentation of Owners’ Equity 9. The Income Statement and the Statement of Cash Flows 10. Explanatory Notes and other Financial Information 11. Financial Statement Analysis Part 2 Managerial Accounting 12. Managerial Accounting and Cost-Volume-Profit Relationships 13. Cost Accounting and Reporting Systems 14. Cost Analysis for Planning 15. Cost Analysis for Control 16. Cost Analysis for Decision Making

Designed for the non-specialist, this is a complete reference covering finance and banking, accounting, marketing, management, and information systems. Contributors include academics and business scholars from leading business programs. The new completely revised second edition includes 320 signed essays.

This convenient and exhaustive print reference source is designed to provide entrepreneurs with how-to information that they can apply to their own business. The Small Business Encyclopedia contains detailed articles and overviews of all the key information needs of small business users, including financing; financial planning; business plan creation; market analysis; sales strategy; tax planning and more.