{"product_id":"mastering-financial-accounting-essentials-isbn-9780470393321","title":"Mastering Financial Accounting Essentials","description":"\u003cb\u003eAn indispensable hands-on guide to financial accounting\u003c\/b\u003e  \u003cp\u003eIn light of recent accounting scandals, it is critical that all financial practitioners understand and play by the rules of the accounting field. Starting from the assumption that the reader is not familiar with any accounting jargon, \u003ci\u003eMastering Financial Accounting Essentials\u003c\/i\u003e presents material in a way that explains the key features of modern accounting step by step and helps you develop an intuitive understanding of accounting. Each chapter presents important accounting concepts, from inventory valuation methods and the timing of erosion of productive assets to how internal managers calculate ratios and trends to evaluate business efficiency.\u003c\/p\u003e \u003cp\u003eFor those who need to understand the language and law of this discipline in order to communicate effectively with accountants and clients\u003ci\u003e, Mastering Financial Accounting Essentials\u003c\/i\u003e will be an indispensable guide.\u003c\/p\u003e  Preface.  \u003cp\u003eAcknowledgments.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 1 Creating Ledger Accounting.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCount Everything.\u003c\/p\u003e \u003cp\u003eThe Beginnings of Double-Entry Accounting.\u003c\/p\u003e \u003cp\u003eDouble-Entry Recording of Business Transactions.\u003c\/p\u003e \u003cp\u003eHandling Debits and Credits.\u003c\/p\u003e \u003cp\u003eKeeping Track of Data.\u003c\/p\u003e \u003cp\u003eA Mathematical Description of Double-Entry Conventions.\u003c\/p\u003e \u003cp\u003eHandling Income Items.\u003c\/p\u003e \u003cp\u003eDetermining Profit in the Simple Accounting Model.\u003c\/p\u003e \u003cp\u003ePermanent Accounts Overview.\u003c\/p\u003e \u003cp\u003eTemporary Accounts Overview.\u003c\/p\u003e \u003cp\u003eConclusion.\u003c\/p\u003e \u003cp\u003eQuestions.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 2 Accounting Conventions.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eReasons Accountants Develop Conventions.\u003c\/p\u003e \u003cp\u003eAccounting Cycle.\u003c\/p\u003e \u003cp\u003eClassification.\u003c\/p\u003e \u003cp\u003eComparability.\u003c\/p\u003e \u003cp\u003eConservatism.\u003c\/p\u003e \u003cp\u003eDouble-Entry.\u003c\/p\u003e \u003cp\u003eFull Disclosure.\u003c\/p\u003e \u003cp\u003eFocus on Addition.\u003c\/p\u003e \u003cp\u003eGenerally Accepted Accounting Principles (GAAP).\u003c\/p\u003e \u003cp\u003eGoing-Concern Value.\u003c\/p\u003e \u003cp\u003eJournal Entry.\u003c\/p\u003e \u003cp\u003eMatching.\u003c\/p\u003e \u003cp\u003eMateriality.\u003c\/p\u003e \u003cp\u003eRecognition.\u003c\/p\u003e \u003cp\u003eUnderstandability.\u003c\/p\u003e \u003cp\u003eUsefulness.\u003c\/p\u003e \u003cp\u003eValuation.\u003c\/p\u003e \u003cp\u003eVerifiability.\u003c\/p\u003e \u003cp\u003eConclusion.\u003c\/p\u003e \u003cp\u003eQuestions.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 3 Balance Sheet.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eBalance Sheet Contains Permanent Accounts.\u003c\/p\u003e \u003cp\u003eTime Line of Cash Flows.\u003c\/p\u003e \u003cp\u003eTypes of Balance Sheet Accounts.\u003c\/p\u003e \u003cp\u003ePresenting the Classified Balance Sheet.\u003c\/p\u003e \u003cp\u003eConclusion.\u003c\/p\u003e \u003cp\u003eQuestion.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 4 Adding an Income Statement.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eTemporary Accounts.\u003c\/p\u003e \u003cp\u003eUsing Temporary Accounts.\u003c\/p\u003e \u003cp\u003eTypes of Transactions Involving Temporary Accounts.\u003c\/p\u003e \u003cp\u003eIncome Accounts.\u003c\/p\u003e \u003cp\u003eSingle-Step Income Statement.\u003c\/p\u003e \u003cp\u003eMultistep Income Statement.\u003c\/p\u003e \u003cp\u003eConclusion.\u003c\/p\u003e \u003cp\u003eQuestions.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 5 Timing and Accrual Accounting.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eJournaling Accounting Transactions.\u003c\/p\u003e \u003cp\u003eCash Basis Accounting.\u003c\/p\u003e \u003cp\u003eAccrual Basis Accounting.\u003c\/p\u003e \u003cp\u003eConclusion.\u003c\/p\u003e \u003cp\u003eQuestions.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 6 The Statement of Cash Flows.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eImportance of Cash.\u003c\/p\u003e \u003cp\u003eAn Intuitive Way to Track Cash.\u003c\/p\u003e \u003cp\u003eStandard Accounting Categories on the Statement of Cash Flows.\u003c\/p\u003e \u003cp\u003eUsing the Indirect Method to Document Changes in the Cash Position.\u003c\/p\u003e \u003cp\u003eUsing the Direct Method to Document Changes in the Cash Position.\u003c\/p\u003e \u003cp\u003eProducing a Statement of Cash Flows Using the Indirect Method.\u003c\/p\u003e \u003cp\u003eProducing a Statement of Cash Flows Using the Direct Method.\u003c\/p\u003e \u003cp\u003eConclusion.\u003c\/p\u003e \u003cp\u003eQuestions.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 7 Ensuring Integrity.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eInternal Controls and Procedures.\u003c\/p\u003e \u003cp\u003eIndependent Auditing.\u003c\/p\u003e \u003cp\u003eThe Role of the User of Financial Statements.\u003c\/p\u003e \u003cp\u003eConclusion.\u003c\/p\u003e \u003cp\u003eQuestions.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 8 Financial Statement Analysis.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eRestating Accounting Results.\u003c\/p\u003e \u003cp\u003eRatio Analysis.\u003c\/p\u003e \u003cp\u003eTrend Analysis.\u003c\/p\u003e \u003cp\u003eIndustry Analysis.\u003c\/p\u003e \u003cp\u003eConclusion.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eQuestions.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCollected Questions.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eAnswers.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eAbout the Author.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eIndex.\u003c\/b\u003e\u003c\/p\u003e \u003cb\u003eStuart A. McCrary\u003c\/b\u003e is a Principal at Chicago Partners, a division of Navigant Consulting, Inc. He is a trader and portfolio manager who specializes in traditional and alternative investments, quantitative valuation, risk management, and financial software. Prior to joining Chicago Partners, McCrary was president of Frontier Asset Management, managing a market-neural hedge fund. He also held positions with Fenchurch Capital Management as a senior option trader and CS First Boston as vice president and market maker of over-the-counter options. Prior to that, McCrary was a vice president with the Securities Groups and a portfolio manager with Comerica Bank. McCrary has published two previous books with Wiley: \u003ci\u003eHow to Creat and Manage a Hedge Fund\u003c\/i\u003e and \u003ci\u003eHedge Fund Course\u003c\/i\u003e.  Whether you ate a manager who relies on accounting information, a regulator, or an investor, in today’s financial world you must know how to read and interpret financial reports and statements in order to make sound financial decisions and effectively serve investors, creditors and tax authorities.  \u003cp\u003eEmphasizing a general understanding of the process and reports associated with this discipline, Mastering \u003ci\u003eFinancial Accounting Essentials\u003c\/i\u003e shows you how to understand accounting records, use accounting information intelligently, and reduce the opportunity for fraud. This book does not focus on accounting and auditing rules and is not intended to teach accounting to future accountants—nor does it assume any prior knowledge of accounting jargon or double-entry accounting. Instead, it focuses on a intuitive understanding of the accounting process and standard accounting reports through an extended example of a new company being created.\u003c\/p\u003e \u003cp\u003eAs the example company is built and grows, new kinds of activities require accountants to record a widening variety of business transactions. It starts with a limited accounting system that does not include many key features of modern accounting, and then features—such as accrual accounting, which can make accounting numbers more useful for business decisions—are successively added, so that you can gain an understanding of how they work and why they are used.\u003c\/p\u003e \u003cp\u003eAll accounting concepts are introduced along with the language accountants use to describe the process. The name of a particular account is written in upper case (such as ASSETS or CASH) to make it clear when the text describes that account. The book reinforces the new language by gradually adopting accounting vocabulary. In this way, you will learn about accounting without having to have a grounding in the topic—and will then get to rehearse the language used by accountants. Questions at the end of each chapter revisit key concepts by reviewing how accountants handle common business transactions.\u003c\/p\u003e \u003cp\u003eFor all non-accountants who need to master the fundamentals of accounting language and concepts, \u003ci\u003eMastering Financial Accounting Essentials\u003c\/i\u003e will prove to be a vital hands-on guide.\u003c\/p\u003e  \u003cb\u003eAn indispensable hands-on guide to financial accounting\u003c\/b\u003e  \u003cp\u003eIn light of recent accounting scandals, it is critical that all financial practitioners understand and play by the rules of the accounting field. Starting from the assumption that the reader is not familiar with any accounting jargon, \u003ci\u003eMastering Financial Accounting Essentials\u003c\/i\u003e presents material in a way that explains the key features of modern accounting step by step and helps you develop an intuitive understanding of accounting. Each chapter presents important accounting concepts, from inventory valuation methods and the timing of erosion of productive assets to how internal managers calculate ratios and trends to evaluate business efficiency.\u003c\/p\u003e \u003cp\u003eFor those who need to understand the language and law of this discipline in order to communicate effectively with accountants and clients\u003ci\u003e, Mastering Financial Accounting Essentials\u003c\/i\u003e will be an indispensable guide.\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47989580890341,"sku":"NP9780470393321","price":60.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9780470393321.jpg?v=1761784682","url":"https:\/\/k12savings.com\/es\/products\/mastering-financial-accounting-essentials-isbn-9780470393321","provider":"K12savings","version":"1.0","type":"link"}