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Understanding Business Accounting For Dummies, 3rd Edition (UK Edition)

Understanding Business Accounting For Dummies, 3rd Edition (UK Edition)

Author: John A. Tracy, CPA; Colin Barrow
Publisher: John Wiley & Sons
ISBN: 9781119951285
Published In: December 2011
Format: Paperback , 428 pages
Jurisdiction: U.K. ? Disclaimer:
Countri(es) stated herein are used as reference only

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Get your head around company finance.

Whether you're a small business owner or a corporate manager with budget responsibilities, having an understanding of your company's finances is crucial. This user-friendly guide takes you through all the key elements of UK business accounting, covering everything from evaluating profit margins and establishing budgets to controlling cash flow and writing financial reports.

The third edition has been fully updated throughout and includes brand new content on the emergence of IFRS and dealing with foreign exchange.

The book is organised into five Parts:

Part I: Accounting Basics

Part II: Getting a Grip on Financial Statements (Including cash flow, cash flow statements financial reports, profit and loss accounts)

Part III: Accounting in Managing a Business (Including managing profit performance, budgeting, ownership structures, costs, and difference accounting methods)

Part IV: Financial Reports in the Outside World (All about auditors and advisors, and how investors read financial reports)

Part V: Part of Tens

Introduction 1

Part I: Accounting Basics 9

Chapter 1: Introducing Accounting to Non-Accountants 11

Chapter 2: Bookkeeping 101: From Shoe Boxes to Computers 33

Chapter 3: Taxes, Taxes and More Taxes 51

Chapter 4: Accounting and Your Personal Finances 67

Part II: Getting a Grip on Financial Statements 85

Chapter 5: Profit Mechanics 87

Chapter 6: The Balance Sheet from the Profit and Loss Account Viewpoint 109

Chapter 7: Cash Flows and the Cash Flow Statement 131

Chapter 8: Getting a Financial Report Ready for Prime Time 153

Part III: Accounting in Managing a Business 173

Chapter 9: Managing Profit Performance 175

Chapter 10: Business Budgeting 197

Chapter 11: Choosing the Right Ownership Structure 219

Chapter 12: Cost Conundrums 241

Chapter 13: Choosing Accounting Methods 261

Part IV: Financial Reports in the Outside World 285

Chapter 14: How Investors Read a Financial Report 287

Chapter 15: Professional Auditors and Advisers 313

Part V: The Part of Tens 329

Chapter 16: Ten Ways Savvy Business Managers Use Accounting 331

Chapter 17: Ten Places a Business Gets Money From 345

Chapter 18: Ten (Plus One) Questions Investors Should Ask When Reading a Financial Report 355

Chapter 19: Ten Ways to Get a Better Handle on the Financial Future 367

Part VI: Appendixes 377

Appendix A: Glossary: Slashing through the Accounting Jargon Jungle 379

Appendix B: Accounting Software and Other Ways to Get the Books in Good Order 395

Index 399

John A. Tracy is a former staff accountant at Ernst & Young.

Colin Barrow was the Head of the Enterprise Group at Cranfield School of Management and is the author of more than 30 books including Starting a Business For Dummies, Business Plans For Dummies and Business Plans Kit For Dummies.