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Accounting for Managers
Contents\\r\\n\\r\\nPreface ix\\r\\n1. How to Speak Accounting 1\\r\\nThe Three Questions 1\\r\\nVisualize to Understand 2\\r\\nThe Accounting System 5\\r\\nAccounting from the Bottom Up 6\\r\\nDouble Entry 7\\r\\nBookkeeping and Accounting 12\\r\\nFinancial Statements 15\\r\\nAccounting Principles 16\\r\\nThe Fundamental Equations of Accounting 18\\r\\nThe Advantages of an Accounting System 20\\r\\nA Few Important Details 20\\r\\nManager’s Checklist for Chapter 1 24\\r\\n2. Concepts and Principles, Checks and Balances 26\\r\\nClosing the GAAP 28\\r\\nZen Accounting 36\\r\\nChecks and Balances 37\\r\\nAudits 40\\r\\nManager’s Checklist for Chapter 244\\r\\n3. Financial Statements 45\\r\\nThe Lemonade Stand 45\\r\\nLoad, Wash, Rinse, Spin, Dry 47\\r\\nPast as Prologue 49\\r\\nThe Income Statement 50\\r\\nStatement of Cash Flows 53\\r\\nThe Balance Sheet 57\\r\\nA Delicate Balance: The Adjusting Entries 59\\r\\nManager’s Checklist for Chapter 3 63\\r\\n4. Financial Ratios 64\\r\\nWhat Measures Performance? 64\\r\\nLiquidity Ratios 69\\r\\nActivity Ratios 70\\r\\nDebt Ratios 74\\r\\nProfitability Ratios 75\\r\\nPutting It All Together 78\\r\\nManager’s Checklist for Chapter 4 82\\r\\n5. Management Accounting 83\\r\\nManagement Accounting—for the Future 84\\r\\nCost/Volume/Profit Analysis 89\\r\\nManager’s Checklist for Chapter 5 101\\r\\n6. Management Cost Accounting 102\\r\\nCost Behavior, Inventory, and Overhead 102\\r\\nGeneral Widget Company 112\\r\\nManager’s Checklist for Chapter 6 122\\r\\n7. Cost Accounting in Action 123\\r\\nWhy the Fuss? 123\\r\\nJob-Order and Process Costing Systems 125\\r\\nAs Complex as ABC 132\\r\\nStandard Costing 139\\r\\nStatic and Flexible Budgeting 143\\r\\nManager’s Checklist for Chapter 7 144\\r\\n8. Other Management Accounting Systems 146\\r\\nThey Want It, but They Don’t Want It—Yet\\r\\nThey Still Need It 146\\r\\nBalanced Scorecard 150\\r\\nHybrid Costing 156\\r\\nJust-in-Time Inventory 156\\r\\nOperation Costing Systems 159\\r\\nEnvironmental/Full Cost Accounting 160\\r\\nTarget Costing 164\\r\\nTransfer Pricing 166\\r\\nManager’s Checklist for Chapter 8 168\\r\\nvi Contents\\r\\n\\r\\n9. Taxation 170\\r\\nThe Principal Taxes 173\\r\\nCorporate Income and Deduction Tax Issues 178\\r\\nAlternative Minimum Tax (AMT) 185\\r\\nTax Credits 185\\r\\nTax Practice 186\\r\\nManager’s Checklist for Chapter 9 188\\r\\n10. Advanced Fraud 189\\r\\nFraud—Here, There, and Everywhere 190\\r\\nSarbanes-Oxley Act 192\\r\\nEmployment Trust Fund Fraud 193\\r\\nExternal Fraud 196\\r\\nBeginning Finance 199\\r\\nManager’s Checklist for Chapter 10 202\\r\\n11. Where Will All This New Knowledge Take You? 203\\r\\nA Story 206\\r\\nKey Concepts 208\\r\\nManager’s Checklist for Chapter 11 209\\r\\nAppendix: Resources, Accounting for Managers 211\\r\\nIndex 217
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