Learn to: * Determine what each line of a financial statement tells you * Tackle the core accounting methods and concepts * Understand financial accounting in the context of GAAP and IFRS Master financial accounting basics - fast! Whether you´re an accountancy student studying for your degree, you´re working towards ACCA qualification or you´re just starting out in your accounts career, this plain-English guide delivers easy-to-understand explanations and tons of examples that make getting to grips with all important financial accounting concepts, terminology and methods faster and easier than ever. * Learn the business - get the lowdown on financial accounting as a career and see the big picture of financial accounting and international accounting * Process those processes - get to grips with the key financial accounting processes and concepts, for both UK GAAP and IFRS * Balance the numbers - make sense of the various parts of a balance sheet and how taken together they illustrate a company´s financial status * Search for profit (and loss) - interpret financial statements to get a clear picture of a company´s revenue, expenses, gains and losses * Follow the money - figure out the cash flow statement and what it should be telling you Open the book and find: * Different ways to interpret and analyse financial statements * How to prepare financial statements and report to shareholders * How to investigate income and cash flow * The key regulatory issues to be aware of * The financial ins and outs of mergers and acquisitions * Financial accountants´ ethical responsibilities * The latest on building a career as a financial accountant
Steve Collings is the audit and technical director for Leavitt Walmsley Associates Ltd, a Chartered Certified Accountants based in Sale, south Manchester. He specialises in financial reporting and auditing, and has an interest in small business taxation issues. Steve has written extensively for AccountingWEB.co.uk and is author of The Interpretation and Application of International Standards on Auditing and IFRS For Dummies, also published by Wiley. Maire Loughran, CPA, is a member of the American Association of Certified Public Accountants. An adjunct professor of auditing, accounting and taxation courses, she is also the author of Auditing For Dummies.