Not everyone is cut out to be a professional accountant, but those who want to move up the corporate ladder know that they need to master the essentials of accounting. Understanding Business Accounting For Dummies, 2nd Edition makes truly light work of the financial fundamentals that many businesspeople try to bluff their way through every day. The book will show you how to evaluate profit margins, establish budgets, control profit and cash flow, stem losses, manage inventory, make wise financial decisions, survive an audit, and use the latest computer technology to help you manage the bottom line. This updated edition also includes the latest information on International Financial Reporting Standards, capital budgeting, and break even, plus new advice on how to find financial facts and read company accounts. New sections include links to a number of key business spreadsheets and a new chapter on financing your business.

Not everyone is cut out to be a professional accountant, but thosewho want to move up the corporate ladder know that they need tomaster the essentials of accounting. UnderstandingBusiness Accounting For Dummies, 2nd Edition makestruly light work of the financial fundamentals that manybusinesspeople try to bluff their way through every day.The book will show you how to evaluate profit margins, establishbudgets, control profit and cash flow, stem losses, manageinventory, make wise financial decisions, survive an audit, and usethe latest computer technology to help you manage the bottomline.This updated edition also includes the latest information onInternational Financial Reporting Standards, capital budgeting, andbreak even, plus new advice on how to find financial facts and readcompany accounts. New sections include links to a number ofkey business spreadsheets and a new chapter on financing yourbusiness.

Introduction.Part I: Accounting Basics.Chapter 1: Introducing Accounting to Non-Accountants.Chapter 2: Bookkeeping 101: From Shoe Boxes to Computers.Chapter 3: Taxes, Taxes, and More Taxes.Chapter 4: Accounting and Your Personal Finances.Part II: Getting a Grip on Financial Statements.Chapter 5: Profit Mechanics.Chapter 6: The Balance Sheet from the Profit and Loss AccountViewpoint.Chapter 7: Cash Flows and the Cash Flow Statement.Chapter 8: Getting a Financial Report Ready for Prime Time.Part III: Accounting in Managing a Business.Chapter 9: Managing Profit Performance.Chapter 10: Business Budgeting.Chapter 11: Choosing the Right Ownership Structure.Chapter 12: Cost Conundrums.Chapter 13: Choosing Accounting Methods.Part IV: Financial Reports in the Outside World.Chapter 14: How Investors Read a Financial Report.Chapter 15: Professional Auditors and Advisers.Part V: The Part of Tens.Chapter 16: Ten Ways Savvy Business Managers Use Accounting.Chapter 17: Ten Places a Business Gets Money From.Chapter 18: Ten (Plus One) Questions Investors Should Ask WhenReading a Financial Report.Part VI: Appendixes.Appendix A: Glossary: Slashing through the Accounting JargonJungle.Appendix B: Accounting Software.Index.