Full Description

Accounting for Non-Accountants is the perfect accounting guide for anyone who has never taken an accounting class, and has no idea what a balance sheet, income statement, or statement of cash flow is.

Dr. Wayne Label covers it all, in a style that's easy to understand and apply. This guide will help you get your accounting system up and running and your business needs satisfied.

Topics covered include:

-- Income Statements
-- Statements of Cash Flow
-- Balance Sheets
-- Assets & Liabilities
-- Double-Entry Bookkeeping
-- Debits & Credits
-- Audits & Auditors
-- And everything else beginners need to know

For entrepreneurs or anyone who needs to brush up on accounting fast, this book is an essential resource for the businessperson's shelf.

Table of Contents

ACKNOWLEDGMENTS
INTRODUCTION
CHAPTER 1: Introducing Accounting and Financial Statements
- What Is Accounting?
- Who Uses Accounting Information?
- Financial Statements
- How Different Business Entities Present Accounting Information

CHAPTER 2: Generally Accepted Accounting Principles
- Who Are the SEC, AICPA, and the FASB?
- Generally Accepted Accounting Principles (GAAP)

CHAPTER 3: The Balance Sheet and Its Components
- Understanding the Balance Sheet
- The Accounting Equation
- The Components of the Balance Sheet
- The Transactions Behind the Balance Sheet

CHAPTER 4: The Income Statement
- Understanding the Income Statement
- The Income Statement Illustrated
- Transactions That Effect the Income Statement

CHAPTER 5: Preparing and Using a Statement of Cash Flows
- What Is a Statement of Cash Flows?
- Cash and Cash Equivalents
- The Statement of Cash Flows Illustrated

CHAPTER 6: Double-Entry Accounting
- The General Journal
- The General Ledger
- Adjusting Journal Entries
- Closing Journal Entries

CHAPTER 7: The Corporation
- The Corporation Defined
- What Is Capital Stock?
- Dividends and Splits
- Incorporating Solana Beach Bicycle Company
- What Is Treasury Stock?

CHAPTER 8: Using Financial Statements for Short-Term Analysis
- Using Short-Term Ratios
- Current and Quick Ratios
- Working Capital
- Composition of Assets
CHAPTER 9: Using Financial Statements for Long-Term Analysis
- Quality of Earnings
- Rate of Return on Investment
- Sales-Based Ratios or Percentages
- Earnings Data
- Long-Term Debt Position
- Dividend Data
- Footnotes

CHAPTER 10: Budgeting for Your Business
- What Is a Budget?
- Planning and Control
- Advantages of Budgeting
- The Master Budget
- Sales Budget
- Capital Budget
- Budgeted Income Statement
- The Cash Budget

CHAPTER 11: Audits and Auditors
- What Is an Audit?
- Types of Auditors
- The Standard Audit Opinion Illustrated
- The Parts of the Report
- Other Types of Audit Reports
- Why Audits Are Useful to You

APPENDIX A: Internet for Accountants
APPENDIX B: Financial Statements—Station Casinos, Inc.
INDEX
ABOUT THE AUTHOR

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