Financial Accounting for Dummies

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Financial Accounting for Dummies

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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


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About the Author ()

Steve Collings is the audit and technical director at Leavitt Walmsley Associates Ltd and the author of 'Interpretation and Application of International Standards on Auditing'. He is also the author of 'IFRS For Dummies' and 'The AccountingWEB Guide to IFRS'. More about Steve's publications can be found by clicking on the 'Published Work' tab on the homepage. Steve is also a regular contributor of articles to www.accountingweb.co.uk, the UK's largest resource for professional accountants on a free subscription basis and is a member of the Society of Authors. Steve is an Editorial Board member for Wiley Insight IFRS and sits on the AAT's Financial Reporting Technical Panel. In 2011 Steve was named 'Accounting Technician of the Year' at the British Accountancy Awards and won 'Outstanding Contribution to the Accountancy Profession' by the Association of International Accountants in 2013. Follow Steve on Twitter - @stecollings

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