Survey of Accounting : Making Sense of Business

by Terrell, Katherene P.; Terrell, Robert L.

• ISBN13: 9780130911841
• ISBN10: 0130911844
• Edition: 1st
• Format: Hardcover
• Copyright: 2005-01-01
• Publisher: Prentice Hall

Summary

The authors' extensive experience in teaching and private practice show in this introduction to accounting. Financial and management accounting topics are integrated into a natural order--the way they may occur in a real start-up business. The book presents the evolution of a fictitious business from its formation, looking first at the strategic planning and research to organize the business, financing the plan, investing in the resources, amd operating the business. As you read, you'll learn the accounting cycle culminating with the financial statements, to analyze the information for internal management decisions, and to compare the fictitious business with others. An excellent resource for entrepreneurs and small business owners, as well as accounting managers in large corporations.

Table of Contents

The Business Environment

Basic Concepts of Accounting & Financial Reporting

Organizing a Business: Equity and Debt Financing

Planning for and Predicting Performance

Recording Accounting Data

Completing the Accounting Cycle and Preparing Financial Statements

Using Analytical Data Review for Internal Financial Decisions and Planning for Cash

Analyzing Financial Statements for Profitability, Liquidity, and Solvency

Using Relevant Information for Internal Operational Decisions

Internal Planning and Measuring Tools

Internal Allocation of Scarce Resources

External Reporting Issues

Using Information for External Decisions and Comparison of Companies

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