The power of accounting : what the numbers mean and how to use them / Larry Lewis.

Format:

Book

Author/Creator:

Lewis, Larry (Lawrence D.), 1941- author.

Language:

English

Subjects (All):

Accounting.

Physical Description:

1 online resource (260 p.)

Edition:

1st ed.

Place of Publication:

New York, N.Y. : Routledge, 2012.

Language Note:

English

Summary:

The Power of Accounting: What the Numbers Mean and How to Use Them provides a highly readable text for non-financial managers. It explores accounting's uses and limitations in the management process. The text is intended for users of accounting information as opposed to preparers. It focuses on aiding the reader in understanding what accounting numbers mean, what they do not mean, when and how they can be used for decision making and planning and when they cannot.The book discusses the importance of accounting information in the economy and the fact that accounting nu

Contents:

Front Cover; The Power ofAccounting; Copyright Page; Contents; Acknowledgments; Introduction; Terminology; Financialversus Managerial Accounting; Summary; 1.The Basics; Chapter Overview; Accrual Accounting; Cash Accounting; Equations; Income Statement; Balance Sheet; Source and Use of Funds Statement; Footnotes toFinancial Statements; Summary; Exercises; 2.Costs, Cost Behavior and Cost Analysis; Chapter Overview; Cost Classifications; Summary; Exercises; 3.Cost-Volume-Profit Analysis; Chapter Overview; Contribution Marginversus Traditional Income Statements; Some Basic Math

Cost-Volume-Profit Analysis IllustratedAssumptions; Sensitivity Analysis; Operating Leverage; Summary; Exercises; 4.Decision Making I: The Basics; Chapter Overview; Basic Decision Model; Reliable and Relevant Information; Opportunity Costs; Examples; Summary; Exercises; 5.Decision Making II: Capital Budgeting Decisions; Chapter Overview; Short Termversus Long Term; Capital Budgeting Decisions; The Time Value ofMoney; Estimating Future Cash Flows; Present Value; Capital Investment Decision Models; Summary; Exercises; 6.Planning and Budgeting; Chapter Overview; Developing theOperating Budget

Pro Forma Income StatementPro Forma Balance Sheet; Illustration ofBudgeting Process; Summary; Exercises; 7.Control; Chapter Overview; Flexible Budgets; Different Layers ofAnalysis; Summary; Exercises; 8.Allocation; Chapter Overview; Necessity ofAllocations; Approaches toAllocation; Allocating Overhead; Summary; Exercises; 9.Financial Statement Analysis; Chapter Overview; Liquidity Ratios; Financial Leverage Ratios; Activity Ratios; Profitability Ratios; Summary; Exercises; Appendix A - Portions of Columbia Sportswear's 2009 10-k Report; Appendix B- Glossary

Appendix C - Answers to End-of-Chapter ExercisesIndex

Notes:

Includes index.

Description based on print version record.

ISBN:

1-136-47199-5

1-283-44294-9

9786613442949

0-203-12909-1

1-136-47200-2

9780203129098

OCLC:

798532196