Introduction 1Part 1: Getting a Financial Accounting Initiation 5Chapter 1: Seeing the Big Picture of Financial Accounting 7Chapter 2: Introducing the Big Three Financial Statements 23Chapter 3: Running the Numbers for Success 37Chapter 4: Acronym Alert! Setting the Standards for Financial Accounting 55Part 2: Reviewing Some Accounting Basics 69Chapter 5: Booking It: The Process Behind Financial Accounting 71Chapter 6: Focusing on Accounting Methods and Concepts 93Part 3: Spending Quality Time with the Balance Sheet 103Chapter 7 Assessing the Balance Sheet's Asset Section 105Chapter 8 Digging for Debt in the Liabilities Section 121Chapter 9: Letting Owners Know Where They Stand: The Equity Section 137Part 4: Investigating Income and Cash Flow 149Chapter 10: Searching for Profit or Loss on the Income Statement 151Chapter 11: Following the Money by Studying Cash Flow 171Chapter 12: Examining Depreciation Cost Flow Assumptions 187Chapter 13: Learning about Inventory Cost Flow Assumptions 203Part 5: Analyzing the Financial Statements 217Chapter 14: Using Ratios and Other Tools 219Chapter 15: Got Your Dictionary Ready? Reading Explanatory Notes and Disclosures 235Chapter 16: Studying the Report to the Shareholders 251Part 6: Feeling Brave? Tackling More Advanced Financial Accounting Topics 265Chapter 17: Accounting for Emerging Issues 267Chapter 18: Accounting for Income Taxes 285Chapter 19: Accounting for Leases 297Chapter 20: Reporting Changes in Methods and the Correction of Errors 309Part 7: The Part of Tens 323Chapter 21: Ten Financial Accounting Shenanigans 325Chapter 22: Ten Accounting Career Opportunities 333Index 341
Maire Loughran, CPA, is a university professor who teaches both undergraduate and graduate accounting classes. She is the author of Auditing For Dummies as well as the previous edition of Financial Accounting For Dummies.