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CITATION

Hart, Leita A.. Accounting Demystified: A Self-Teaching Guide. US: McGraw-Hill Education, 2006.

Accounting Demystified: A Self-Teaching Guide

Authors: Leita A. Hart

Published:  2006

ISBN: 9780071490443 0071450831
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  • Contents
  • Acknowledgments
  • Introduction
  • PART ONE THE BIG PICTURE
  • CHAPTER 1 Where Did All This Lingo Come From?
  • The Birth of the Accountant
  • Gaps in GAAP?
  • One Huge Database
  • The Three Key Financial Statements Are Just Summaries
  • Liquidity, Profitability, Growth, and Financing
  • Quiz
  • CHAPTER 2 The Balance SheetThe Mother of All Financial Statements
  • Assets, Liabilities, and Equity: Another Way to Look at Them
  • Two Mistakes in Reasoning
  • Now, How Do We Use the Balance Sheet to Make Decisions?
  • A Quickie Analysis
  • Quiz
  • CHAPTER 3 The Income Statement - A Focus on Earnings
  • Memorize This Formula!
  • Cost Terminology
  • The Significance of Gross Profit Margin and Operating Profit Margin
  • The Income Statement Tells a Story about Profitability
  • Quiz
  • CHAPTER 4 The Cash Flow Statement - Do We Have Enough for Payroll?
  • Cash versus Accrual Method of Accounting
  • A Real-Life Example of How Cash and Profit Differ
  • Why Was the Cash Flow Statement Added Recently?
  • Classifying Cash Flows into Three Categories
  • What Stories Does the Cash Flow Statement Tell You?
  • Quiz
  • CHAPTER 5 How the Financial Statements Are Related
  • How the Income Statement, Cash Flow Statement, and Balance Sheet Are Related
  • What Each Financial Statement Tracks
  • Simple Transactions and How They Impact the Three Key Financial Statements
  • Cash Sale
  • Credit Sale: Part One
  • Credit Sale: Part Two
  • Purchasing a Fixed Asset
  • Quiz
  • TEST Part One
  • PART TWO AN OVERVIEW OF COMMON ACCOUNTING REPORTS
  • CHAPTER 6 Different Systems, Different Reports
  • Cost Accounting Systems
  • Budgets
  • Tax Accounting
  • Quiz
  • CHAPTER 7 Quarterly and Annual Financial Reports - A Tour
  • The 10-K
  • How Do You Get a 10-K?
  • Annual Reports Are Not 10-Ks
  • The Cover of the 10-K
  • Part I of the 10-K
  • Part II of the 10-K
  • Quiz
  • TEST Part Two
  • PART THREE DEBITS AND CREDITS DETAIL - RULES, RULES, RULES
  • CHAPTER 8 How to Tell if Something Is a Debit or a Credit
  • A Few Key Formulas
  • A Special Way of Recording Transactions
  • Chart of Accounts
  • Quiz
  • CHAPTER 9 A Few Simple Transactions
  • Cash Sale
  • Credit Sale: Part One
  • Credit Sale: Part Two
  • Purchasing a Fixed Asset
  • Lease versus Buy Decision
  • Quiz
  • CHAPTER 10 Inventory Valuation
  • Service Business: Minimal or No Inventory
  • Manufacturing Business: Inventory, Inventory, Inventory
  • Moving Inventory Through Raw Materials, Work-in-Process, and Finished Goods
  • Quiz
  • CHAPTER 11 Guiding Principles of Accounting and Adjusting Entries
  • Guiding Principles of Accounting
  • Adjusting Entries
  • Closing the Books
  • Quiz
  • CHAPTER 12 Governmental and Not-for-Profit Accounting
  • Key Differences Between Proprietary and Governmental and Not-for-Profit Accounting
  • GAAP for Government and Not-for-Profits
  • Governmental Accounting
  • Not-for-Profit Accounting
  • Quiz
  • TEST Part Three
  • PART 4 FINANCIAL INDICATORS - USING FINANCIAL INFORMATION TO MAKE DECISIONS
  • CHAPTER 13 Cautions about Financial Analysis
  • There Isn't One Number That Indicates Health
  • There Is No Such Thing as a Good or Bad Result
  • There Is No Standard That Dictates How Metrics Should Be Calculated
  • There Is More to Business than Finance
  • There Is No Right or Wrong Way to Approach Business
  • Quiz
  • CHAPTER 14 Conducting a Financial Analysis - The Prep Work
  • Things to Gather in Order to Do an Analysis
  • Financial Analysis, Step by Step
  • Our Case StudyDell and Gateway, 2004
  • Quiz
  • CHAPTER 15 Profit Ratios
  • Margin Ratios
  • Return Metrics
  • Shareholder Earnings Ratios
  • So What Can We Conclude about Profitability for These Two Companies?
  • Ratios for Projects
  • Quiz
  • CHAPTER 16 Liquidity and Financial Flexibility
  • Working Capital
  • How Hard Is Working Capital Working?
  • Working Capital Contrast Ratios
  • The Inventory Component of Working Capital
  • The Accounts Receivable Component of Working Capital
  • The Accounts Payable Component of Working Capital
  • How All the Elements of Working Capital Add Up
  • Overall Conclusions for Working Capital for Dell and Gateway
  • Quiz
  • CHAPTER 17 Cash Ratios
  • Categories of the Cash Flow Statement
  • Eyeballing Dell's Cash Flow Statement
  • Eyeballing Gateway's Cash Flow Statement
  • The Cash Ratios
  • Overall Conclusions about the Cash Positions of Dell and Gateway
  • Quiz
  • CHAPTER 18 Financing Ratios
  • Debt
  • Equity
  • Earnings
  • Debt Ratios
  • Equity Ratios
  • Capital Investment Ratios
  • Conclusions on Financing
  • Overall Conclusions for Dell and Gateway
  • Quiz
  • TEST Part Four
  • Final Exam
  • Answers to Quiz, Test, and Exam Questions
  • Further Reading
  • Index