Accounting All-in-One For Dummies (+ Videos and Quizzes Online), 3rd Edition

Book 4

Preparing Income Statements and Balance Sheets

Contents at a Glance

1. Chapter 1: Stating Your Income
   1. Understanding the Nature of Profit
   2. Choosing the Income-Statement Format
   3. Deciding What to Disclose in the Income Statement
   4. Examining How Sales and Expenses Change Assets and Liabilities
   5. Considering the Diverse Financial Effects of Making a Profit
   6. Reporting Extraordinary Gains and Losses
   7. Correcting Common Misconceptions about Profit
2. Chapter 2: Balancing Your Sheets
   1. Homing in on Historic Cost
   2. Discovering What Makes an Asset Current
   3. Exploring the Asset Section of the Balance Sheet
3. Chapter 3: Digging for Debt in the Balance Sheet
   1. Seeing How Businesses Account for Liabilities
   2. Keeping Current Liabilities under Control
   3. Planning for Long-Term Obligations
   4. Accounting for Bond Issuances
4. Chapter 4: Explaining Equity
   1. Understanding How Owner Equity Varies among Business Entities
   2. Distinguishing between Two Types of Capital Stock
   3. Defining Paid-In Capital
   4. Recording Retained Earnings
   5. Spotting Reductions to Stockholders’ Equity
   6. Exploring Stock Splits
   7. Computing Earnings per Share
5. Chapter 5: Interpreting Income Statements and Balance Sheets
   1. Rejoining the Income Statement and Balance Sheet
   2. Introducing Operating Ratios
   3. Adding Fixed Assets, Depreciation, and Owners’ Equity
   4. Completing the Balance Sheet with Debt