Synopses & Reviews
The authors' extensive experience in teaching and private practice show in this introduction to accounting. Financial and management accounting topics are integrated into a natural orderthe way they may occur in a real start-up business. The book presents the evolution of a fictitious business from its formation, looking first at the strategic planning and research to organize the business, financing the plan, investing in the resources, amd operating the business. As you read, you'll learn the accounting cycle culminating with the financial statements, to analyze the information for internal management decisions, and to compare the fictitious business with others. An excellent resource for entrepreneurs and small business owners, as well as accounting managers in large corporations.
Table of Contents
1.The Business Environment.
2. Basic Concepts of Accounting & Financial Reporting.
3. Organizing a Business: Equity and Debt Financing.
4. Planning for and Predicting Performance.
5.Recording Accounting Data.
6.Completing the Accounting Cycle and Preparing Financial Statements.
7. Using Analytical Data Review for Internal Financial Decisions and Planning for Cash.
8. Analyzing Financial Statements for Profitability, Liquidity, and Solvency.
9. Using Relevant Information for Internal Operational Decisions.
10. Internal Planning and Measuring Tools.
11. Internal Allocation of Scarce Resources.
12. External Reporting Issues.
13. Using Information for External Decisions and Comparison of Companies.