ACCOUNTING
    Basics & Key Topics

    courtesy of:
    RICHARD HARRIS  & ASSOCIATES

    Business & Technical Consulting
    Wichita, Kansas • (316) 371-9079 • http://harris1.net

      from the popular textbook Financial Accounting for Dummies, and companion texts:

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        ACCOUNTING OVERVIEW:
        • What Is Financial Accounting
        • The Differences between Managerial and Financial Accounting
        • The Importance of a Financial Paper Trail

        FINANCIAL STATEMENTS:
        • Primary Financial Statements of a Business
        • Reading an Annual Report
        • Financial Statements - FULL INDEX of TOPICS

          BALANCE SHEET:
          • How to Read a Business Balance Sheet
          • What You Put in a Balance Sheet
          • Current and Noncurrent Assets on the Balance Sheet
          • Current and Noncurrent Liabilities on the Balance Sheet
          • Examining Liability and Equity Accounts for Your Business
          • Understanding Costs and Other Balance Sheet Values
          • Drawing Conclusions from Your Final Balance Sheet

          INCOME (PROFIT & LOSS) STATEMENT:
          • How to Read an Income Statement
          • Preparing an Income Statement for a Business
          • Deciphering the Gross Profit for a Business
          • Using an Income Statement to Test a Business’s Profitability
          • Variable and Fixed Expenses in a P&L Report
          • Reporting Extraordinary Gains-Losses in an Income Statement

          STATEMENT of CASH FLOWS
          • The Purpose of the Statement of Cash Flows
          • Looking at a Business’s Statement of Cash Flows
          • Direct Method of Preparing the Statement of Cash Flows

        ACCOUNTING MEASURES - The RATIOS:
        • How to Make Sense of a Company's Profitability Ratios
        • How Liquidity Ratios Figure into Company Reports

        ACCOUNTING ACTIVITY:
        • Conducting Special Year-End Bookkeeping Tasks
          with Quickbooks accounting software.



      © 2015  by  RICHARD HARRIS  & ASSOCIATES