Introduction 1Part 1: Opening the Books on Accounting 5Chapter 1: Accounting in Today's New Economy 7Chapter 2: Introducing Financial Statements 29Chapter 3: Safeguarding Company Assets 53Chapter 4: Accounting in the Digital Age 75Chapter 5: Recognizing the Legal and Accounting Entity 89Part 2: Exploring Financial Statements 109Chapter 6: Reporting Profit or Loss in the Income Statement 111Chapter 7: Reporting Financial Condition in the Balance Sheet 137Chapter 8: Reporting Cash Sources and Uses in the Statement of Cash Flows 161Chapter 9: Financial Accounting Issues 183Part 3: Understanding Financial Reports, Financial Statements, and Financial Information 207Chapter 10: Producing Financial Reports 209Chapter 11: Deciphering a Financial Report 231Chapter 12: Analyzing Financial Information with Ratios 245Chapter 13: Generating Internal Financial Information for Management Use 267Chapter 14: Applying Wall Street's Tricks and Treats to Engineer Financial Results 289Part 4: Leveraging Accounting in Managing a Business 301Chapter 15: Analyzing Profit 303Chapter 16: Accounting for Costs 325Chapter 17: Preparing Best-in-Class Forecasts, Projections, and Budgets 347Chapter 18: Capitalizing a Business: How, When, Why, and What 369Part 5: The Part of Tens 397Chapter 19: Ten Tips for Managers 399Chapter 20: Ten Tips for Reading a Financial Report 409Index 419
John A. Tracy, CPA, is an award-winning professor emeritus of accounting at the University of Colorado at Boulder. He has authored The Fast Forward MBA in Finance, 2nd Edition, and Accounting Workbook For Dummies.Tage C. Tracy, CPA, operates a financial consulting firm focused on offering CFO support and planning services to private companies. He is the author of Business Financial Information Secrets and has coauthored several For Dummies titles.