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Accounting for fun and profit : a guide to understanding advanced topics in accounting / Lawrence A. Weiss.

By: Material type: TextTextSeries: Financial accounting and auditing collectionPublisher: New York, New York (222 East 46th Street, New York, NY 10017) : Business Expert Press, [(c)2017.]Edition: First editionDescription: 1 online resource (164 pages)Content type:
  • text
Media type:
  • computer
Carrier type:
  • online resource
ISBN:
  • 9781631575143
Subject(s): Genre/Form: Additional physical formats: Print version:: No titleLOC classification:
  • HF5636
Online resources: Available additional physical forms:
Contents:
1. Long-term investments and consolidated statements -- 2. The time value of money -- 3. Leases -- 4. Deferred benefits -- 5. Advanced topics -- 6. Financial statement analysis -- 7. Accounting at governmental and nonprofit organizations -- Index.
Abstract: Accounting is an economic information system, and can be thought of as the language of business. Accounting principles are created, developed, or decreed and are supported or justified by intuition, authority, and acceptability. Managers have alternatives in their accounting choices; the decisions are political, and trade-offs will be made. Accounting information provides individuals, both inside and outside a firm, with a starting point to understand and evaluate the key drivers of a firm, its financial position, and performance. If you are managing a firm, investing in a firm, lending to a firm, or even working for a firm, you should be able to read the firm's financial statements and ask questions based on those statements. This book examines some of the more advanced topics in accounting. As such, it assumes that the reader already has some familiarity with basic accounting. (A related book covering the basics is Accounting for Fun and Profit: A Guide to Understanding Financial Statements.) The book explains how the user of financial statements should interpret advanced accounting techniques presented, and helps the user conduct in-depth analysis of annual reports. The author will show you that accounting, even the advanced topics, can be informative and fun.
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Includes bibliographies and index.

1. Long-term investments and consolidated statements -- 2. The time value of money -- 3. Leases -- 4. Deferred benefits -- 5. Advanced topics -- 6. Financial statement analysis -- 7. Accounting at governmental and nonprofit organizations -- Index.

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Accounting is an economic information system, and can be thought of as the language of business. Accounting principles are created, developed, or decreed and are supported or justified by intuition, authority, and acceptability. Managers have alternatives in their accounting choices; the decisions are political, and trade-offs will be made. Accounting information provides individuals, both inside and outside a firm, with a starting point to understand and evaluate the key drivers of a firm, its financial position, and performance. If you are managing a firm, investing in a firm, lending to a firm, or even working for a firm, you should be able to read the firm's financial statements and ask questions based on those statements. This book examines some of the more advanced topics in accounting. As such, it assumes that the reader already has some familiarity with basic accounting. (A related book covering the basics is Accounting for Fun and Profit: A Guide to Understanding Financial Statements.) The book explains how the user of financial statements should interpret advanced accounting techniques presented, and helps the user conduct in-depth analysis of annual reports. The author will show you that accounting, even the advanced topics, can be informative and fun.

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Title from PDF title page (viewed on December 17, 2016).

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