Accounting 101 by Cagan, Michele -- Read -- Imperial Library of Trantor

Index

Cover Dedication Introduction Chapter 1: The Business of Accounting

Who Uses Accounting Information? Accounting is More Than Numbers Ancient Accounting Modern Accounting Accounting Rules Generally Accepted Accounting Principles Tracking and Measuring Success How Accountants Can Help You

Chapter 2: Who’s Who in Accounting

CPAs are Licensed The AICPA Bookkeeping Versus Accounting Entertainment Accountants Forensic Accountants Anti–Money Laundering Specialists CFOs Steer Corporations Tax Accountants Environmental Accountants Choosing the Right Professional

Chapter 3: Setting the Framework

Accounting Starts with Accounts How the Accounts Connect Debits and Credits What Counts as a Transaction The Accounting Cycle Accounting and Organization

Chapter 4: Assets, Liabilities, and Equity

The Accounting Equation What are Assets? Breaking Down Asset Categories A Closer Look at Current Assets The Importance of Cash A Closer Look at Fixed Assets Current Liabilities Long-Term Liabilities Equity

Chapter 5: Revenues, Costs, and Expenses

Revenues Cash Versus Credit The Cost-Inventory Connection Expenses Depreciation People and Payroll Earning Profits, but out of Cash

Chapter 6: Financial Statements

The Statement of Profit and Loss The Balance Sheet The Statement of Cash Flows What Financial Statements Tell You Financial Statements flow into Tax Returns How These Statements Interconnect

Chapter 7: Accounting Moves Forward

The Big Accounting Firms Scandals in the Accounting World Big Changes in the Industry Accounting Software Accounting Apps Accounting in the Cloud Tomorrow’s Accounting

Photographs About the Author Index Copyright