Understanding Business Accounting For Dummies - Softcover

Tracy, John A.; Barrow, Colin

Softcover

ISBN 10: 1119951283 ISBN 13: 9781119951285

Publisher: For Dummies, 2012

Synopsis

Get your head around company finance.

Whether you're a small business owner or a corporate manager with budget responsibilities, having an understanding of your company's finances is crucial. This user-friendly guide takes you through all the key elements of UK business accounting, covering everything from evaluating profit margins and establishing budgets to controlling cash flow and writing financial reports.

The third edition has been fully updated throughout and includes brand new content on the emergence of IFRS and dealing with foreign exchange.

The book is organised into five Parts:

Part I: Accounting Basics

Part II: Getting a Grip on Financial Statements (Including cash flow, cash flow statements financial reports, profit and loss accounts)

Part III: Accounting in Managing a Business (Including managing profit performance, budgeting, ownership structures, costs, and difference accounting methods)

Part IV: Financial Reports in the Outside World (All about auditors and advisors, and how investors read financial reports)

Part V: Part of Tens

About this title

About the Author

John A. Tracy is a former staff accountant at Ernst & Young.

Colin Barrow was the Head of the Enterprise Group at Cranfield School of Management and is the author of more than 30 books including Starting a Business For Dummies, Business Plans For Dummies and Business Plans Kit For Dummies.

From the Back Cover

Balance your budget, boost your profit margin and enhance your career profile

Whether you're a small business owner or a corporate manager with budgeting responsibilities, a solid grasp of business accounting is indispensable. This updated 3rd edition of the UK's top-selling introduction to business accounting is the quickest, easiest way to get up to speed on all the essentials. In plain English, authors Tracy and Barrow tell you what you need to know to evaluate profit margins, work up budgets, monitor cash flow, write financial reports and use accounting information to make smarter financial decisions.

• Make sense of financial statements – learn all about the Profit and Loss Statement, the Balance Sheet and the Cash Flow Statement

• Manage by numbers – discover planning and control techniques to help you manage more effectively, including building a profit model, budgeting, calculating the cost of stock and fixed assets, alternative accounting methods and much more

• Read between the lines – look at accounting reporting from an investor's and loan officer's point-of-view, including tips on how to read and analyse financial statements

• Survive an audit – understand the role auditors play, including clear explanations of the scope of the annual audit, what to look for in an auditor's report and how to use the information to improve your accounting systems

• Get the biggest bang for your technology buck – get the lowdown on the latest business accounting tech, with tips on choosing the best software for your needs

Open the book and find:

• Quick tips on reading financial reports

• How to evaluate profit margins –and how to boost them

• Easy-to-follow methods for working up budgets

• Advice on controlling profit and cash flow

• Guidance on stemming losses

• Simple steps to manage inventory

• Tips on surviving an audit

• The latest business accounting software explained

Learn to:

• Get a grip on financial statements

• Find your way around the balance sheet and profit and loss account

• Choose the right accounting method

• Budget with confidence

Edition details

• Publisher: For Dummies
• Publication date: 2012
• Language: English
• ISBN 10: 1119951283
• ISBN 13: 9781119951285
• Binding: Paperback
• Edition number: 3
• Number of pages: 428