Introduction 1

Part 1: Business Accounting Basics. 5

Chapter 1: Business Accounting Fundamentals. 7

Chapter 2: Financial Effects of Transactions 27

Chapter 3: Getting Started in the Bookkeeping Cycle 51

Chapter 4: The Bookkeeping Cycle: Adjusting and Closing Entries. 81

Chapter 5: Accounting in the Digital Age 105

Part 2: Preparing Financial Statements. 123

Chapter 6: Understanding Basic Accounting Concepts and Methods. 125

Chapter 7: The Effects and Reporting of Profit. 155

Chapter 8: Reporting Financial Condition in the Balance Sheet. 179

Chapter 9: Coupling the Income Statement and Balance Sheet 205

Chapter 10: Reporting Cash Flows and Changes in Owners' Equity 223

Part 3: Managerial, Manufacturing, and Capital Accounting 245

Chapter 11: Analyzing Profit Behavior 247

Chapter 12: Tackling Managerial Cost Accounting. 275

Chapter 13: Business Planning and Raising Capital. 309

Part 4: The Part of Tens 337

Chapter 14: Ten Things You Should Know About Business Financial Statements 339

Chapter 15: A Ten-Point Checklist for Management Accountants. 347

Index. 355

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The numbers are clear: the need for accountants is not only strong, but on the rise. With job growth projected to increase by 7% over the next 10 years, there's no time like the present to join this growing--and profitable--profession. Accounting Workbook For Dummies, 2nd Edition gives you the hands-on instruction you need to understand complicated concepts through demonstration problems, practice worksheets. and spreadsheets.

Understand the role of accountants versus bookkeepers

Develop knowledge to establish and maintain high quality accounting systems

Dip your toes into accounting in the digital age

Learn to properly interpret financial statements and reports

Generate income statements, balance sheets, and cash flow statements

Expand your knowledge on sources of business capital

Learn how to improve profits and manage costs

Understanding the intricacies of accounting has never been easier as in today's rapid-fire global economy, accountants have never been more important--it's all in your hands with this plain-English workbook!

Tage C. Tracy runs a financial consulting firm offering CFO support and planning services to private companies. He is the author of Business Financial Information Secrets.