- Paperback: 408 pages
- Publisher: For Dummies; 5 edition (March 18, 2013)
- Language: English
- ISBN-10: 1118482220
- ISBN-13: 978-1118482223
- Product Dimensions: 7.4 x 0.8 x 9.3 inches
- Shipping Weight: 1.4 pounds
- Average Customer Review: 97 customer reviews
- Amazon Best Sellers Rank: #274,488 in Books (See Top 100 in Books)
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Accounting For Dummies 5th Edition
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From the Back Cover
- Make sense of accounting basics
- Read and understand financial statements
- Report income and expenses for public or private companies
Create great financials and boost your bottom line
Want to make sense of accounting basics? This plain-English guide helps you speak your accountant's language with ease, minimizing confusion as you maximize profits. You'll find out 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.
- Accounting 101 get an easy-to-understand overview of accounting, from business to bookkeeping and accounting systems
- It's all in the finances find out how businesses record certain revenues and expenses, and how those choices affect the values recorded for assets, liabilities, and profit
- Manage wisely discover how professionals choose legal structures, design a profit performance report, and determine product costs
- Report it grasp how a financial report is made ready for release outside the business, how investors and lenders read financial statements, and more
Open the book and find:
- The scoop on financial statements and accounting standards
- Ways to analyze and manage profit
- Why "cost" isn't a singular concept
- How to prepare and use financial reports
- Handy tips for getting the most out of reading a financial report
- Ten accounting tips for managers
- A glossary that slashes through the accounting jargon jungle
About the Author
John A. Tracy, CPA, is Professor of Accounting, Emeritus, at the University of Colorado in Boulder. A former staff accountant at Ernst & Young, Tracy has authored numerous books on accounting.
Top customer reviews
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Good news is, I passed my class with a "B" after reading this book!
The author makes this book very easy to read. Gives you insight and lets you know what portions of the book are very necessary and which ones are for more recreational reading.
For Dummies for sure, which is why I bought it.
Does a good through (therefore a little repetitive - but that is a quality/defect/advantage of the Dummies format).
It explains the basics of the typical three major accounting documents provided to a Company's Outsiders:
* The Balance Sheet (Assets = Liabilities)
* The Income Statement (money in, on paper, and money out, on paper,)
* and the last one the Statement of Cash Flow ... which may happen before, or after, a financial record is made on the Income Statement.
The very basic approach is what I was looking for, and the book delivers.
I am reading, and rereading, a couple chapters at-a-time and I'm staying awake while doing it - so Kudos to the author.
I see this subject as useful long-term background information - not something I make use of every week or month - which is why I'd reading and rereading it sections, hoping to anchor it in long-term memory.
The book has a lot less detail about transactions than I had hoped for, and the discussions go on into a lot of philosophical hypothesis for managers. For details, I do not recommend this book, but the review of reporting gave me a lot of insight as to how to structure a database for the accounts and create essential reports on my own.
The book, 'The Accounting Game - Basic Accounting Fresh from the Lemonade Stand' served my purposes much better and directly.
Most recent customer reviews
Although this is not a bookkeeping book, I'd expect to be able to grasp some bookkeeping from it.Read more