By Kenneth Boyd
A one-stop accounting reference
Packed with important details culled from the huge For Dummies accounting, bookkeeping, and auditing libraries, Accounting All-in-One For Dummies is a strong, one-stop reference.
Accounting All-in-One For Dummies is a accomplished source on a number of accounting options. you will get in control on: developing your accounting method; recording accounting transactions; adjusting and shutting entries; getting ready source of revenue statements and stability sheets; making plans and budgeting in your enterprise; dealing with money and making buy judgements; and more.
Accounting All-in-One For Dummies is a one-stop reference for college kids learning the appliance of accounting theories and a invaluable table reference for accounting pros within the group.
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Additional resources for Accounting All-in-One For Dummies
Although no single book can help you master everything there is to know about all fields of accounting, this book provides the information you need to get started in the most common areas. About This Book Accounting All-In-One For Dummies expands your understanding of what accounting is and provides you with the information and guidance to master the skills you need in various areas of accounting. This book covers everything from setting up an accounting system to preventing and detecting fraud.
This summary information is used to create financial statements. Financial statements are sent to stakeholders. Stakeholders are people who have a stake in the business's success or failure. Here are some examples of stakeholders: Stockholders: If you own stock in General Electric, for example, you receive regular financial reports. Stockholders are owners of the business. They need to know the financial condition of the business they own. Creditors: Entities that loan money to your business are creditors.
But if you're like most people, you stuff your bills in a drawer and just drag them out once a month when you pay them. Individuals can get along quite well without much bookkeeping — but the exact opposite is true for a business. A business needs a good bookkeeping and accounting system to operate day to day. A business needs accurate and timely data to operate effectively. In addition to facilitating day-to-day operations, a company's bookkeeping and accounting system serves as the source of information for preparing its periodic financial statements, tax returns, and reports to managers.