Financial Accounting For Dummies

Your plain English guide to financial accounting for students and trainees. Financial Accounting For Dummies provides students who are studying finance, accounting and business with the basic concepts, terminology, and methods to interpret, analyse, prepare and evaluate financial statements.

Learn to:

• Determine what each line of a financial statement tells you
• Tackle the core accounting methods and concepts
• Understand financial accounting in the context of GAAP and IFRS

Master financial accounting basics – fast!

Whether you're an accountancy student studying for your degree, you're working towards ACCA qualification or you're just starting out in your accounts career, this plain-English guide delivers easy-to-understand explanations and tons of examples that make getting to grips with all important financial accounting concepts, terminology and methods faster and easier than ever.

• Learn the business – get the lowdown on financial accounting as a career and see the big picture of financial accounting and international accounting
• Process those processes – get to grips with the key financial accounting processes and concepts, for both UK GAAP and IFRS
• Balance the numbers – make sense of the various parts of a balance sheet and how taken together they illustrate a company's financial status
• Search for profit (and loss) – interpret financial statements to get a clear picture of a company's revenue, expenses, gains and losses
• Follow the money – figure out the cash flow statement and what it should be telling you

Open the book and find:

• Different ways to interpret and analyse financial statements
• How to prepare financial statements and report to shareholders
• How to investigate income and cash flow
• The key regulatory issues to be aware of
• The financial ins and outs of mergers and acquisitions
• Financial accountants' ethical responsibilities
• The latest on building a career as a financial accountant

Financial Accounting For Dummies provides students who are studying finance, accounting and business with the basic concepts, terminology, and methods to interpret, analyse, prepare and evaluate financial statements. Covers concepts accountants and other business professionals use to prepare reports; mergers and acquisitions purchase and pooling; free cash flow; and financial statement analysis.

Whether you′re a student on your way to earning a degree, working towards your ACCA qualification, or a trainee just starting out in your accounts career, Financial Accounting For Dummies gives you a wealth of information to grasp the subject.

• This UK version is adapted to take in UK accounting practice and international reporting standards
• Provides a firm grounding in interpreting, analysing, preparing and evaluating corporate financial statements
• Includes easy–to–understand explanations and real-life examples to consolidate learning