Accounting for Non-Accountants
Author: Wayne Label
Table of Contents
CHAPTER 1: Introducing Accounting and Financial Statements
- What Is Accounting?
- Who Uses Accounting Information?
- Financial Statements
- How Different Business Entities Present Accounting Information
CHAPTER 2: Generally Accepted Accounting Principles
- Who Are the SEC, AICPA, and the FASB?
- Generally Accepted Accounting Principles (GAAP)
CHAPTER 3: The Balance Sheet and Its Components
- Understanding the Balance Sheet
- The Accounting Equation
- The Components of the Balance Sheet
- The Transactions Behind the Balance Sheet
CHAPTER 4: The Income Statement
- Understanding the Income Statement
- The Income Statement Illustrated
- Transactions That Effect the Income Statement
CHAPTER 5: Preparing and Using a Statement of Cash Flows
- What Is a Statement of Cash Flows?
- Cash and Cash Equivalents
- The Statement of Cash Flows Illustrated
CHAPTER 6: Double-Entry Accounting
- The General Journal
- The General Ledger
- Adjusting Journal Entries
- Closing Journal Entries
CHAPTER 7: The Corporation
- The Corporation Defined
- What Is Capital Stock?
- Dividends and Splits
- Incorporating Solana Beach Bicycle Company
- What Is Treasury Stock?
CHAPTER 8: Using Financial Statements for Short-Term Analysis
- Using Short-Term Ratios
- Current and Quick Ratios
- Working Capital
- Composition of Assets
CHAPTER 9: Using Financial Statements for Long-Term Analysis
- Quality of Earnings
- Rate of Return on Investment
- Sales-Based Ratios or Percentages
- Earnings Data
- Long-Term Debt Position
- Dividend Data
CHAPTER 10: Budgeting for Your Business
- What Is a Budget?
- Planning and Control
- Advantages of Budgeting
- The Master Budget
- Sales Budget
- Capital Budget
- Budgeted Income Statement
- The Cash Budget
CHAPTER 11: Audits and Auditors
- What Is an Audit?
- Types of Auditors
- The Standard Audit Opinion Illustrated
- The Parts of the Report
- Other Types of Audit Reports
- Why Audits Are Useful to You
APPENDIX A: Internet for Accountants
APPENDIX B: Financial Statements—Station Casinos, Inc.
ABOUT THE AUTHOR
Accounting for Non-Accountants is the perfect accounting guide for anyone who has never taken an
accounting class, and has no idea what a balance sheet, income statement, or statement of cash flow
is.Dr. Wayne Label covers it all, in a style that's easy to understand and apply. This guide will help you
get your accounting system up and running and your business needs satisfied.Topics covered
include:Income StatementsStatements of Cash FlowBalance SheetsAssets & LiabilitiesDouble-Entry
BookkeepingDebits & CreditsAudits & AuditorsAnd everything else beginners need to knowFor
entrepreneurs or anyone who needs to brush up on accounting fast, this book is an essential resource for
the businessperson's shelf.
Wayne Label has an MBA and PhD from UCLA. He has worked for the American Institute of of Certified
Public Accountants, as well as various other academic posts.