Featuring the latest information on accounting methods andstandards, this guide shows you how to avoid accounting fraud,minimize confusion, maximize profits, and make sense of accountingbasics. You'll quickly understand how to manage inventory, reportincome and expenses for public or private companies, evaluateprofit margins, analyze business strengths and weaknesses, andmanage budgets for a better bottom line.
With 25 percent new content including updated information onsmall and large business reporting standards, internationalaccounting standards, and preventing financial reporting fraud,Accounting For Dummies continues to be an excellent resourcefor those studying accounting.
- The separate accounting and financial reporting standards forprivate/small businesses versus public/large businesses (LittleGAAP vs. Big GAAP)
- The internationalization of accounting standards
- The rise in restatements of previously issued financial reportsby public corporations, and how revisions of previously reportedearnings impact investors
- The increasing focus on preventing financial reporting fraudand the expanded role and responsibility of the CPA auditor
- Accounting problems with stock options
- The "unaccounted for" cost of employee pensions and retirementhealth care costs, in both the private and public sectors
- Expanded coverage of small business accounting
- Updated resources and websites
The information in Accounting For Dummies is valuable for anyonestudying or working in the fields of accounting or finance.