Accounting for Dummies (Electronic book text)

Now revised and updated, our top-selling accounting guide "Accounting For Dummies, Fourth Edition" is the ideal book for both accounting professionals as well as accounting or auditing students. This handy guide covers the basics of accounting in language anyone can understand, but also provides detailed coverage of more complex business accounting issues, such as income statements and balance sheets, budgets and budgeting, profit and cash flow, stemming losses, managing inventory, and evaluating profit margins.It has been thoroughly revised with new content, including information on Little GAAP versus Big GAAP, the internationalization of accounting standards, and the changes experienced under the 2002 Sarbanes-Oxley Act and the Public Company Accounting Oversight Board. It also contains updated information on financial reports, the role of the CPA auditor, and the impact of accounting laws on small businesses. John A. Tracy, CPA (Boulder, CO), a former staff accountant at Ernst & Young, taught accounting at the University of Colorado for many years. He is also the author of "Accounting Workbook For Dummies" (978-0-471-79145-4).