{"appState":{"pageLoadApiCallsStatus":true},"bookState":{"book":{"headers":{"timestamp":"2024-12-11T12:11:14+00:00"},"bookId":282199,"data":{"name":"Financial Accounting For Dummies","title":"Financial Accounting For Dummies","slug":"financial-accounting-for-dummies","breadcrumbs":[{"name":"Business, Careers, & Money","_links":{"self":"https://dummies-api.dummies.com/v2/categories/34224"},"slug":"business-careers-money","categoryId":34224},{"name":"Business","_links":{"self":"https://dummies-api.dummies.com/v2/categories/34225"},"slug":"business","categoryId":34225},{"name":"Accounting","_links":{"self":"https://dummies-api.dummies.com/v2/categories/34226"},"slug":"accounting","categoryId":34226},{"name":"General Accounting","_links":{"self":"https://dummies-api.dummies.com/v2/categories/34230"},"slug":"general-accounting","categoryId":34230}],"description":"<p><b>Learn to speak fluent finance—and ace your exams!</b></p> <p>Warren Buffett said that \"accounting is the language of business.\" And for many accounting and business students, the obscure terminology of accounting makes fluency hard to achieve. <i>Financial Accounting For Dummies</i> can help to demystify abstract concepts in a straightforward, friendly way. With step-by-step examples and real-world scenarios practice, it helps you grasp the fundamentals of accounting until you're ready to interpret, analyze, and evaluate corporate financial statements like you've been doing it all your life.</p> <p>Packed with easy-to-understand examples, this book takes you from the big three financial statements all the way through to income taxes. Or join the anti-fraud squad by discovering how to spot the ten most common accounting shenanigans.</p> <ul> <li>Grasp introductory financial accounting course material</li> <li>Explore common concepts financial professionals use to compile reports</li> <li>Understand leases, free cash flow, and statement analysis</li> <li>Learn accounting for small businesses</li> </ul> <p>Whether you're studying for your bachelor's, MBA, or MAcc, you’ll find everything you need to speak the language of finance like a native—and use it to get to wherever you want to go!</p>","bookOutOfPrint":true,"testBankPinActivationLink":"","publishedDate":"2020-12-30T12:11:07+00:00","primaryISBN":"9781119758129","secondaryISBNs":"9781119758136,9781119758143","learningType":"Advance","primaryCategory":{"categoryId":34230,"title":"General Accounting","slug":"general-accounting","_links":{"self":"https://dummies-api.dummies.com/v2/categories/34230"}},"secondaryCategory":{"categoryId":0,"title":null,"slug":null,"_links":null},"amazon":{"default":"https://www.amazon.com/gp/product/1119758122/ref=as_li_tl?ie=UTF8&tag=wiley01-20","ca":"https://www.amazon.ca/gp/product/1119758122/ref=as_li_tl?ie=UTF8&tag=wiley01-20","indigo_ca":"http://www.tkqlhce.com/click-9208661-13710633?url=https://www.chapters.indigo.ca/en-ca/books/product/1119758122-item.html&cjsku=978111945484","gb":"https://www.amazon.co.uk/gp/product/1119758122/ref=as_li_tl?ie=UTF8&tag=wiley01-20","de":"https://www.amazon.de/gp/product/1119758122/ref=as_li_tl?ie=UTF8&tag=wiley01-20"},"image":{"src":"https://www.dummies.com/covers/9781119758129.jpg","width":250,"height":350},"authors":[{"authorId":35327,"name":"Maire Loughran","slug":"maire-loughran","description":" <p>This reference guide features content from existing <i>For Dummies</i> books, including books authored by <b>Dr. Beverly A. Browning, MPA, DBA</b> (<i>Nonprofit Kit For Dummies, Fundraising For Dummies, </i>and<i> Grant Writing For Dummies</i>), <b>Sharon Farris</b> with updates by <b>Maire Loughran</b> (<i>Nonprofit Bookkeeping & Accounting For Dummies</i>), <b>Alyson Connolly </b>(<i>Public Speaking Skills For Dummies</i>), and <b>Shiv Singh and Stephanie Diamond</b> (<i>Social Media Marketing For Dummies</i>). ","hasArticle":true,"_links":{"self":"https://dummies-api.dummies.com/v2/authors/35327"}}],"relatedArticles":{"_links":{"self":"https://dummies-api.dummies.com/v2/articles?book=282199&offset=0&size=5"}},"relatedBooks":[{"bookId":282119,"name":"Cost Accounting For Dummies","slug":"cost-accounting-for-dummies","primaryCategory":{"categoryId":34230,"title":"General Accounting","slug":"general-accounting","_links":{"self":"https://dummies-api.dummies.com/v2/categories/34230"}},"categoryList":["business-careers-money","business","accounting","general-accounting"],"image":{"src":"https://www.dummies.com/covers/9781119856023.jpg","width":250,"height":350},"_links":{"self":"https://dummies-api.dummies.com/v2/books/282119"}},{"bookId":281920,"name":"Accounting All-in-One For Dummies (+ Videos and Quizzes Online)","slug":"accounting-all-in-one-for-dummies","primaryCategory":{"categoryId":34230,"title":"General Accounting","slug":"general-accounting","_links":{"self":"https://dummies-api.dummies.com/v2/categories/34230"}},"categoryList":["business-careers-money","business","accounting","general-accounting"],"image":{"src":"https://www.dummies.com/covers/9781119897668.jpg","width":250,"height":350},"_links":{"self":"https://dummies-api.dummies.com/v2/books/281920"}},{"bookId":281922,"name":"Accounting For Dummies","slug":"accounting-for-dummies","primaryCategory":{"categoryId":34230,"title":"General Accounting","slug":"general-accounting","_links":{"self":"https://dummies-api.dummies.com/v2/categories/34230"}},"categoryList":["business-careers-money","business","accounting","general-accounting"],"image":{"src":"https://www.dummies.com/covers/9781119837527.jpg","width":250,"height":350},"_links":{"self":"https://dummies-api.dummies.com/v2/books/281922"}}],"cheatSheet":{"articleId":208719,"slug":"financial-accounting-for-dummies-cheat-sheet","title":"Financial Accounting For Dummies Cheat Sheet","description":"Financial accounting is the process of preparing financial statements for a business. The three key financial statements are the income statement, balance sheet, and statement of cash flows. They serve two broad purposes: to report on the current financial position of the company, and to show how well the company performs over a period of time.\r\n\r\nInvestors, creditors, and other interested parties rely on such information to find out whether a business is making or losing money, and they depend on financial accountants to help ensure that these statements are materially correct and understandable.\r\n\r\n[caption id=\"attachment_275389\" align=\"alignnone\" width=\"556\"]<img class=\"size-full wp-image-275389\" src=\"https://www.dummies.com/wp-content/uploads/financial-accounting.jpg\" alt=\"financial accounting report\" width=\"556\" height=\"371\" /> © NicoElNino / Shutterstock.com[/caption]","categoryList":["business-careers-money","business","accounting","general-accounting"]},"bookAuthorBio":"<b data-author-id=\"35327\">Maire Loughran</b> is a self-employed certified public accountant (CPA) who has prepared compilation, review, and audit reports for fifteen years. Additionally, she is a university professor of undergraduate- and graduate-level accounting classes.","additionalResourceLink":"","bookCompanionPage":{"pageId":0,"name":null,"slug":null,"_links":null},"seo":{"metaDescription":"","noIndex":0,"noFollow":0}},"_links":{"self":"https://dummies-api.dummies.com/v2/books/282199"}},"bookLoadedStatus":"success","bookExtras":{},"bookExtrasLoadedStatus":"initial"},"listState":{"list":{},"objectTitle":"","status":"progress","pageType":"book","objectId":"282199","page":1,"sortField":"time","sortOrder":1,"categoriesIds":[],"articleTypes":["Articles"],"filterData":{},"filterDataLoadedStatus":"initial","pageSize":3},"adsState":{"pageScripts":{"headers":{"timestamp":"2024-12-11T10:50:01+00:00"},"adsId":0,"data":{"scripts":[{"pages":["all"],"location":"header","script":"\r\n<script src=\"https://cdn.optimizely.com/js/10563184655.js\"></script>","enabled":false},{"pages":["all"],"location":"header","script":"\r\n<script>var _comscore = _comscore || [];_comscore.push({ c1: \"2\", c2: \"15097263\" });(function() {var s = document.createElement(\"script\"), el = document.getElementsByTagName(\"script\")[0]; s.async = true;s.src = (document.location.protocol == \"https:\" ? \"https://sb\" : \"http://b\") + \".scorecardresearch.com/beacon.js\";el.parentNode.insertBefore(s, el);})();</script><noscript><img src=\"https://sb.scorecardresearch.com/p?c1=2&c2=15097263&cv=2.0&cj=1\" /></noscript>\r\n","enabled":true},{"pages":["all"],"location":"footer","script":"\r\n<script type='text/javascript'>\r\n(function(){var g=function(e,h,f,g){\r\nthis.get=function(a){for(var a=a+\"=\",c=document.cookie.split(\";\"),b=0,e=c.length;b<e;b++){for(var d=c[b];\" \"==d.charAt(0);)d=d.substring(1,d.length);if(0==d.indexOf(a))return d.substring(a.length,d.length)}return null};\r\nthis.set=function(a,c){var b=\"\",b=new Date;b.setTime(b.getTime()+6048E5);b=\"; expires=\"+b.toGMTString();document.cookie=a+\"=\"+c+b+\"; path=/; \"};\r\nthis.check=function(){var a=this.get(f);if(a)a=a.split(\":\");else if(100!=e)\"v\"==h&&(e=Math.random()>=e/100?0:100),a=[h,e,0],this.set(f,a.join(\":\"));else return!0;var c=a[1];if(100==c)return!0;switch(a[0]){case \"v\":return!1;case \"r\":return c=a[2]%Math.floor(100/c),a[2]++,this.set(f,a.join(\":\")),!c}return!0};\r\nthis.go=function(){if(this.check()){var a=document.createElement(\"script\");a.type=\"text/javascript\";a.src=g;document.body&&document.body.appendChild(a)}};\r\nthis.start=function(){var t=this;\"complete\"!==document.readyState?window.addEventListener?window.addEventListener(\"load\",function(){t.go()},!1):window.attachEvent&&window.attachEvent(\"onload\",function(){t.go()}):t.go()};};\r\ntry{(new g(100,\"r\",\"QSI_S_ZN_5o5yqpvMVjgDOuN\",\"https://zn5o5yqpvmvjgdoun-wiley.siteintercept.qualtrics.com/SIE/?Q_ZID=ZN_5o5yqpvMVjgDOuN\")).start()}catch(i){}})();\r\n</script><div id='ZN_5o5yqpvMVjgDOuN'></div>\r\n","enabled":false},{"pages":["all"],"location":"header","script":"\r\n<script>\r\n (function(h,o,t,j,a,r){\r\n h.hj=h.hj||function(){(h.hj.q=h.hj.q||[]).push(arguments)};\r\n h._hjSettings={hjid:257151,hjsv:6};\r\n a=o.getElementsByTagName('head')[0];\r\n r=o.createElement('script');r.async=1;\r\n r.src=t+h._hjSettings.hjid+j+h._hjSettings.hjsv;\r\n a.appendChild(r);\r\n })(window,document,'https://static.hotjar.com/c/hotjar-','.js?sv=');\r\n</script>","enabled":false},{"pages":["article"],"location":"header","script":" <script src=\"//get.s-onetag.com/bffe21a1-6bb8-4928-9449-7beadb468dae/tag.min.js\" async defer></script>","enabled":true},{"pages":["homepage"],"location":"header","script":"<meta name=\"facebook-domain-verification\" content=\"irk8y0irxf718trg3uwwuexg6xpva0\" />","enabled":true},{"pages":["homepage","article","category","search"],"location":"footer","script":"\r\n<noscript>\r\n<img height=\"1\" width=\"1\" src=\"https://www.facebook.com/tr?id=256338321977984&ev=PageView&noscript=1\"/>\r\n</noscript>\r\n","enabled":true}]}},"pageScriptsLoadedStatus":"success"},"navigationState":{"navigationCollections":[{"collectionId":287568,"title":"BYOB (Be Your Own Boss)","hasSubCategories":false,"url":"/collection/for-the-entry-level-entrepreneur-287568"},{"collectionId":293237,"title":"Be a Rad Dad","hasSubCategories":false,"url":"/collection/be-the-best-dad-293237"},{"collectionId":295890,"title":"Career Shifting","hasSubCategories":false,"url":"/collection/career-shifting-295890"},{"collectionId":294090,"title":"Contemplating the Cosmos","hasSubCategories":false,"url":"/collection/theres-something-about-space-294090"},{"collectionId":287563,"title":"For Those Seeking Peace of Mind","hasSubCategories":false,"url":"/collection/for-those-seeking-peace-of-mind-287563"},{"collectionId":287570,"title":"For the Aspiring Aficionado","hasSubCategories":false,"url":"/collection/for-the-bougielicious-287570"},{"collectionId":291903,"title":"For the Budding Cannabis Enthusiast","hasSubCategories":false,"url":"/collection/for-the-budding-cannabis-enthusiast-291903"},{"collectionId":299891,"title":"For the College Bound","hasSubCategories":false,"url":"/collection/for-the-college-bound-299891"},{"collectionId":291934,"title":"For the Exam-Season Crammer","hasSubCategories":false,"url":"/collection/for-the-exam-season-crammer-291934"},{"collectionId":301547,"title":"For the Game Day Prepper","hasSubCategories":false,"url":"/collection/big-game-day-prep-made-easy-301547"}],"navigationCollectionsLoadedStatus":"success","navigationCategories":{"books":{"0":{"data":[{"categoryId":33512,"title":"Technology","hasSubCategories":true,"url":"/category/books/technology-33512"},{"categoryId":33662,"title":"Academics & The Arts","hasSubCategories":true,"url":"/category/books/academics-the-arts-33662"},{"categoryId":33809,"title":"Home, Auto, & Hobbies","hasSubCategories":true,"url":"/category/books/home-auto-hobbies-33809"},{"categoryId":34038,"title":"Body, Mind, & Spirit","hasSubCategories":true,"url":"/category/books/body-mind-spirit-34038"},{"categoryId":34224,"title":"Business, Careers, & Money","hasSubCategories":true,"url":"/category/books/business-careers-money-34224"}],"breadcrumbs":[],"categoryTitle":"Level 0 Category","mainCategoryUrl":"/category/books/level-0-category-0"}},"articles":{"0":{"data":[{"categoryId":33512,"title":"Technology","hasSubCategories":true,"url":"/category/articles/technology-33512"},{"categoryId":33662,"title":"Academics & The Arts","hasSubCategories":true,"url":"/category/articles/academics-the-arts-33662"},{"categoryId":33809,"title":"Home, Auto, & Hobbies","hasSubCategories":true,"url":"/category/articles/home-auto-hobbies-33809"},{"categoryId":34038,"title":"Body, Mind, & Spirit","hasSubCategories":true,"url":"/category/articles/body-mind-spirit-34038"},{"categoryId":34224,"title":"Business, Careers, & Money","hasSubCategories":true,"url":"/category/articles/business-careers-money-34224"}],"breadcrumbs":[],"categoryTitle":"Level 0 Category","mainCategoryUrl":"/category/articles/level-0-category-0"}}},"navigationCategoriesLoadedStatus":"success"},"searchState":{"searchList":[],"searchStatus":"initial","relatedArticlesList":[],"relatedArticlesStatus":"initial"},"routeState":{"name":"Book4","path":"/book/business-careers-money/business/accounting/general-accounting/financial-accounting-for-dummies-282199/","hash":"","query":{},"params":{"category1":"business-careers-money","category2":"business","category3":"accounting","category4":"general-accounting","book":"financial-accounting-for-dummies-282199"},"fullPath":"/book/business-careers-money/business/accounting/general-accounting/financial-accounting-for-dummies-282199/","meta":{"routeType":"book","breadcrumbInfo":{"suffix":"Books","baseRoute":"/category/books"},"prerenderWithAsyncData":true},"from":{"name":null,"path":"/","hash":"","query":{},"params":{},"fullPath":"/","meta":{}}},"profileState":{"auth":{},"userOptions":{},"status":"success"}}

Financial Accounting For Dummies book cover

Financial Accounting For Dummies

Author:

Overview

Learn to speak fluent finance—and ace your exams!

Warren Buffett said that "accounting is the language of business." And for many accounting and business students, the obscure terminology of accounting makes fluency hard to achieve. Financial Accounting For Dummies can help to demystify abstract concepts in a straightforward, friendly way. With step-by-step examples and real-world scenarios practice, it helps you grasp the fundamentals of accounting until you're ready to interpret, analyze, and evaluate corporate financial statements like you've been doing it all your life.

Packed with easy-to-understand examples, this book takes you from the big three financial statements all the way through to income taxes. Or join the anti-fraud squad by discovering how to spot the ten most common accounting shenanigans.

Grasp introductory financial accounting course material
Explore common concepts financial professionals use to compile reports
Understand leases, free cash flow, and statement analysis
Learn accounting for small businesses

Whether you're studying for your bachelor's, MBA, or MAcc, you’ll find everything you need to speak the language of finance like a native—and use it to get to wherever you want to go!

Learn to speak fluent finance—and ace your exams!

Warren Buffett said that "accounting is the language of business." And for many accounting and business students, the obscure terminology of accounting makes fluency hard to achieve. Financial Accounting For Dummies can help to demystify abstract concepts in a straightforward, friendly way. With step-by-step examples and real-world scenarios practice, it helps you grasp the fundamentals of accounting until you're ready to interpret, analyze, and evaluate corporate financial statements like you've been doing it all your life.

Packed with easy-to-understand examples, this

book takes you from the big three financial statements all the way through to income taxes. Or join the anti-fraud squad by discovering how to spot the ten most common accounting shenanigans.

Grasp introductory financial accounting course material
Explore common concepts financial professionals use to compile reports
Understand leases, free cash flow, and statement analysis
Learn accounting for small businesses

Whether you're studying for your bachelor's, MBA, or MAcc, you’ll find everything you need to speak the language of finance like a native—and use it to get to wherever you want to go!

Financial Accounting For Dummies Cheat Sheet

Financial accounting is the process of preparing financial statements for a business. The three key financial statements are the income statement, balance sheet, and statement of cash flows. They serve two broad purposes: to report on the current financial position of the company, and to show how well the company performs over a period of time. Investors, creditors, and other interested parties rely on such information to find out whether a business is making or losing money, and they depend on financial accountants to help ensure that these statements are materially correct and understandable. [caption id="attachment_275389" align="alignnone" width="556"] © NicoElNino / Shutterstock.com[/caption]

About The Author

Maire Loughran is a self-employed certified public accountant (CPA) who has prepared compilation, review, and audit reports for fifteen years. Additionally, she is a university professor of undergraduate- and graduate-level accounting classes.

Articles From The Book

0 results