Financial accounting essentials you always wanted to know / Kalpesh Ashar.

Format:

Book

Author/Creator:

Ashar, Kalpesh, author.

Series:

Self-Learning Management Series

Language:

English

Subjects (All):

Corporations--Accounting.

Corporations.

Corporations--Accounting--Corrupt practices.

Physical Description:

1 online resource (147 pages)

Edition:

5th ed.

Place of Publication:

New York, NY : Vibrant Publishers, [2022]

Summary:

Are you a new manager looking to understand the foundations of financial accounting? Are you a finance professional who wants to know how to document finances for shareholders? Are you an aspiring finance student who wants a quick guide to all the concepts of financial accounting? A simple guide to understanding complex financial statements. Financial Accounting Essentials You Always Wanted to Know is back with a new and updated 5th edition! This edition includes two new chapters on the Accounting Cycle. It is a starter pack for new managers and leaders who require a foundational understanding of financial accounting terms and who need to understand why preparing a financial statement is so necessary. After reading this book, managers will be equipped with the critical tools to document finances for shareholders and prepare financial statements for their organization. This book will help one to: • Understand why financial accounting systems are necessary • Learn financial accounting systems and terms • Explore the importance of a Financial Statement • Learn about the concept of Balance Sheet • Understand what is an Income Statement • Learn how to create a Statement of Cash Flows This 5th Edition contains two new chapters on: • Accounting Cycle • End of Accounting Cycle Each chapter provides clear examples of the financial accounting tools and includes practice examples to help train the reader in the usage of these critical tools. About the Series Financial Accounting Essentials is part of the Self-Learning Management Series that is designed to help students, professionals, and entrepreneurs learn essential management lessons. This series of books is written by industry experts who have combined their vast work experiences into relevant, concise, and practical handbooks that appeal to learners from all spheres of life."

Contents:

Intro

Accounting Systems

1.1 Financial Accounting Systems

1.2 Need for Financial Accounting Systems

1.3 Financial Statements

1.4 Purpose of Financial Statements

1.5 Financial Accounting Standards

Solved Examples

Practice Exercise

The Accounting Cycle

2.1 Measuring Economic Activities

2.2 Increasing and Decreasing Accounts

Discussion Questions

End of Period Accounting Cycle

3.1 Cash vs. Accrual Accounting

3.2 Accruing Revenues and Incurring Expenses

3.3 Financial Statement Reporting

Overview of Financial Statements

4.1 Balance Sheet

4.2 Income Statement

4.3 Statement of Cash Flows

4.4 Notes to the Financial Statements

4.5 Miscellaneous Accounting Concepts and Conventions

The Balance Sheet

5.1 Current Assets

5.2 Long-term Assets

5.3 Current Liabilities

5.4 Long-term Liabilities

5.5 Stockholders' Equity

5.6.Transaction Analysis and Balance Sheet Creation

The Income Statement

6.1 Measures of Income

6.2 Types of Revenues

6.3 Types of Expenses

6.4 Earnings per Share (EPS) and Diluted EPS

6.5 Revenue Recognition

6.6 Expense Recognition

6.7 Expanded Accounting Equation

6.8 Transaction Analysis and Income Statement Creation

Case Study:Case on Income Statement - Trader's Home Inc

The Statement of Cash Flows

7.1 Categories of Cash Flow Activities

7.2 Cash Flow Pattern

7.3 Cash Flow Statement Preparation

Case Study:Case on Statement of Cash Flows - Groters Corporation

Glossary.

Notes:

Description based on print version record.

ISBN:

9781636510989

1636510981

OCLC:

1303085917