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Accounting For Dummies John A. Tracey, CPA

Accounting For Dummies John 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

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Accounting For Dummies John A. Tracey, CPA

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  1. Accounting For DummiesJohn A. Tracey, CPA Chapters: Rasheedah (10) Dolores (12 & 15) Jason (12 & 14) Zarmina (16 & 17)

  2. Chapter 10: Financial Planning, Budgeting & Control

  3. Chapter 12: Getting a Financial Report Ready for Release • RecognizingManagement’sRole • 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

  4. 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

  5. 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?

  6. Chapter 16:Ten Accounting Tips for Managers

  7. Chapter 17: Ten Tips for Reading a Financial Report

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