Maire Loughran

Financial Accounting For Dummies


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      Copyright © 2021 by John Wiley & Sons, Inc., Hoboken, New Jersey

      Published simultaneously in Canada

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      Library of Congress Control Number: 2020949692

      ISBN 978-1-119-75812-9 (pbk); ISBN 978-1-119-75813-6 (ePDF); ISBN 978-1-119-75814-3 (epub)

      Financial Accounting For Dummies®

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      Table of Contents

      1  Cover

      2  Title Page

      3  Copyright

      4  Introduction About This Book Foolish Assumptions Icons Used in This Book Beyond the Book Where to Go from Here

      5  Part 1: Getting a Financial Accounting Initiation Chapter 1: Seeing the Big Picture of Financial Accounting Knowing the Purposes of Financial Accounting Getting to Know Financial Accounting Users Respecting the Key Characteristics of Financial Accounting Information Accepting Financial Accounting Constraints Considering Your Ethical Responsibilities Introducing the Conceptual Framework of Financial Accounting Chapter 2: Introducing the Big Three Financial Statements Gauging the Health of a Business through Its Financials Reporting Assets and Claims: The Balance Sheet Posting Profit or Loss: The Income Statement Showing the Money: The Statement of Cash Flows Chapter 3: Running the Numbers for Success Identifying Accounting Issues and Solutions Selecting a Business Entity Reporting for Small Businesses Managing Cash Chapter 4: Acronym Alert! Setting the Standards for Financial Accounting Walking through the Origins of Number Crunching Knowing the Role of the American Institute of Certified Public Accountants (AICPA) Following Regulatory Issues Getting to Know the Financial Accounting Standards Board (FASB)

      6  Part 2: Reviewing Some Accounting Basics Chapter