Anyone who has read a newspaper or watched the evening news in recent years is well aware that fraudulent financial reporting by big businesses has reached alarming levels. Equally startling is the frequency of fraudulent financial reporting by small businesses—as many bankers and government agencies will confirm—and even by non–business entities such as not-for- profit organizations.
The goal of this book is to teach the reader the basic principles of the monthly accounting process, from the first step of developing a Chart of Accounts to the last step of issuing financial statements and tax reports.
Accounting knowledge is a core business skill that both complements and enhances your other talents. Individuals promoted to management or supervisory roles from either line or staff jobs find that many of their new responsibilities involve knowing something about accounting. Congratulations on your promotion! You’ve come to the right place to start developing those accounting skills. If you …
Accounting knowledge is a core business skill that both complements and enhances your other talents. Individuals promoted to management or supervisory roles from either line or staff jobs find that many of their new responsibilities involve knowing something about accounting. Congratulations on your promotion! You’ve come to the right place to start developing those accounting skills. If you …
The divorce revolution of the 1960s had two principal effects. One was in the enactment in most states of “no-fault” divorce laws, whereby marital breakdown either became the sole ground for divorce, as in California, or where a “no-fault” ground was added to the traditional “fault” grounds for divorce (adul- tery, extreme cruelty, and desertion), which were made much easier to prov…
Not-for-profit organizations are among the most influential and powerful institutions in our society. They range in size from small and local to large and national—or even international. Their scope incorporates a wide range of activity: health and welfare, research, education, religion, social, and professional associations. They include foundations, membership societies, churches, hospitals…
As we all know, information is power. Many of you may not think of accounting as a means to get key information and to stay in control of your business operation. You probably think of the world of accounting as a place with a language you don’t understand. You view it as a necessary evil that you must have around in order to present the necessary reports to your investors and supporting fin…
You aren’t a dummy, of course. But here’s the deal: You don’t have to be some sort of technogeek or financial wizard to manage your financial affairs on a PC. You have other things to do, places to go, and people to meet. And that’s where Quicken 2009 For Dummies comes in. In the pages that follow, I give you the straight scoop on how to use Quicken 2009 Premier for Windows, without a …
A liability is an existing debt or obligation of a company. It is an amount owed to a third-party creditor that requires something of value, usually cash, to be transferred to the creditor to settle the debt. Most obligations are known amounts based on invoices and con- tracts; some liabilities are estimated because the value that changes hands is not fixed at the time of the initial transactio…
Fair value accounting is the accounting profession’s equivalent of the automobile commercials you have seen on television, showing a vehicle racing around an obstacle course or bouncing over hills, along with a dis- claimer saying something to the effect that “This is a professional stunt driver on a closed course. Do not try this at home!” Fair value accounting is not for the timid. It i…
First of all, I have to admit that accounting has an image problem. Be honest: What’s the first thing that pops into your mind when you see the word “accountant”? You probably think of a nerd wearing a green eyeshade who has the personality of an undertaker (no offense meant to undertakers, of course). Well, I’ve never worn a green eyeshade in my life, and I can assure you that I’m no…
Financial accounting is concerned mainly with the historical aspects of external reporting, that is, providing fmanc :ial information to outside parties such as investors, creditors, and governments To protect those 01 itside parties from being misled, financial accounting is governed by what are called -^- ---11.. ^^^^_d C;eneruLiy uLc.epied accounting principles (GAAP). Management accounting,…
Long-term liabilities are liabilities that will be paid after 1 year or after the operating cycle (whichever is longer), counting from the balance sheet date. Examples would be bonds payable, long-term notes payable, mortgages payable, pensions, and leases. Pensions and leases will be discussed in later chapters of this book. In this chapter, the emphasis will be on bonds payable and notes paya…
Accounting knowledge is a core business skill that both complements and enhances your other talents. Individuals promoted to management or supervisory roles from either line or staff jobs find that many of their new responsibilities involve knowing something about accounting. Congratulations on your promotion! You’ve come to the right place to start developing those accounting skills. If you …
This book makes an excellent companion to any standard text, or it can be used as a stand-alone volume. It is designed to present the subject in a straightforward, approachable man- ner. Financial accounting is an incremental process. What you learn in earlier chapters is used in later ones. There are no shortcuts to learning financial accounting, but at the same time, if it is taught clearly,…
First of all, I have to admit that accounting has an image problem. Be honest: What’s the first thing that pops into your mind when you see the word “accountant”? You probably think of a nerd wearing a green eyeshade who has the personality of an undertaker (no offense meant to undertakers, of course). Well, I’ve never worn a green eyeshade in my life, and I can assure you that I’…
Financial Management, designed for finance and business students, presents the theory and application of corporate finance. As in the preceding volumes in the Schaum’s Outline Series in Accounting, Business, and Economics, the solved-problems approach is used, with emphasis on the practical application of principles, concepts, and tools of financial management. Although an elementary kno…
Long-term liabilities are liabilities that will be paid after 1 year or after the operating cycle (whichever is longer), counting from the balance sheet date. Examples would be bonds payable, long-term notes payable, mortgages payable, pensions, and leases. Pensions and leases will be discussed in later chapters of this book. In this chapter, the emphasis will be on bonds payable and notes p…
Clear, Connected, Complete: The Big Picture of Accounting From the smallest mom-and-pop retailer to the largest multinational corporation, businesses of all sizes are recognizing that accounting professionals are no longer simply “number crunchers” but rather essential partners in achieving the fundamental goals of their organization. Intermediate Accounting, 17e provides a powerful c…
Intermediate Accounting Works Intermediate Accounting is the market-leading textbook in providing the tools needed to understand what GAAP is and how it is applied in practice. With this Fourteenth Edition, we strive to continue to provide the material needed to understand this subject area. The book is comprehensive and up-to-date, and provides the instructor with flexibility in the topics …
Today’s health care system, with its many different types of health care organizations, is extremely complex. The science of health care is complex, the physical maintenance of the facilities is complex, the interactions and human behaviors within the organizations are complex, and so too are the financial and accounting requirements. The complexity of today’s environment has resulted in th…