Accounting and Bookkeeping workbook for dummies Cheat Sheet 9 pptx

... Interestߜ Pensions and profit-sharing plansߜ Rentsߜ Repairs and maintenanceߜ Salaries and wagesߜ Taxes and licenses 59 Chapter 3: Bookkeeping and Accounting Systems07_2460 09 ch03.qxp 4/16/08 ... Standards06_2460 09 ch02.qxp 4/16/08 11:51 PM Page 49 Clearly, an accounting system needs to standardize the forms and procedures for processing and recording all normal, repetitive transactions and shouldcontrol ... between accounting and financial reporting standards for publicversus private companies. Although most accountants don’t like to admit it, 49 Chapter 2: Financial Statements and Accounting Standards06_246009...

... profit accounting a fascinating challenge. For one thing, you have tounderstand how a business operates and its strategies in order to account for its profit.Making a profit and accounting for ... Expenses, and the Bottom Line 09_ 2460 09 ch04.qxp 4/16/08 11:56 PM Page 79 There are accounting software packages for every size business, from small(say, $5 million annual sales or less and 20 ... recording and reporting of profit; see Chapter 2 for details about GAAP. 09_ 2460 09 ch04.qxp 4/16/08 11:56 PM Page 77So what’s the answer for a manager who receives poorly formatted reports?Demand...

... flows.)10_2460 09 ch05.qxp 4/16/08 11: 59 PM Page 99 means a balance sheet that is included in a financial report released outside abusiness to its owners and creditors. Balance sheets that stay ... by the switch in accounting method. These special itemscan be huge. 93 Chapter 4: Reporting Revenue, Expenses, and the Bottom Line 09_ 2460 09 ch04.qxp 4/16/08 11:56 PM Page 93 sheet date). The ... of the assets and liabilities in the balance sheet that result from sales and expenses (for the fiscal year20 09) . The sales and expenses are the drivers, or causes, of the assets and liabilities....