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Accounting For DummiesJohn A. Tracey, CPA
Chapters:Rasheedah (10)Dolores (12 & 15)Jason (12 & 14)Zarmina (16 & 17)
Chapter 10: Financial Planning, Budgeting & Control
Chapter 12: Getting a Financial Report Ready for Release
Recognizing Management’s Role
Keeping In Mind the Purpose of Financial Reporting
Staying on Top of Accounting and Financial Reporting Standards
Making Sure Disclosure Is Adequate
Footnotes: Nettlesome but needed
Other disclosures in financial reports:
Putting a Spin on the Numbers
Window dressing for fluffing up the cash balance
Sanding the rough edges off profit
Going public or keeping things Private: Reports from publicly owned companies, from private businesses
Dealing with Information Overload: Browsing based on your interests, Recognizing condensed versions, & Using other sources of business information
Statements of Changes in Owners’ Equity
Chapter 14: How Business Managers use a Financial Report
Seeking out problems and opportunities
Avoiding information overload
Gathering financial condition information
Inventory
Prepaid expenses
Accounts payable
Interest-bearing debt
Sales revenue and expenses
Managing operating cash flows
Chapter 15: Audits and Accounting Fraud
What’s in an Auditor’s Report: The clean (unqualified) opinion, other kinds of audit opinions
Who’s Who in the World of Audits
Standing Firm When Companies Massage the Numbers, or Not
Discovering Fraud, or Not
Who Audits the Auditors?
Chapter 16:Ten Accounting Tips for
Managers
Chapter 17: Ten Tips for Reading a Financial Report