Understanding Business Accounting For Dummies - UK

The easy way to get your head around company finance Having an understanding of your company’s finances is crucial for both small business owners and   corporate managers with budget responsibilities. Understanding Business Accounting For Dummies simplifies the key elements of UK business accounting, covering everything from evaluating profit margins  to  writing financial reports. Fully updated to cover the emergence of IFRS and dealing with foreign exchange, this new edition  thoroughly outlines the essentials of business accounting. With comprehensive guidance and helpful strategies, this book makes light work of the financial fundamentals you need to move up the corporate ladder Use the latest technology to manage the bottom line Control profit and cash flow Budget with confidence Make sense of financial statements Survive an audit  If you’re ready to balance your budget, boost your profit margin and enhance your career profile, this hands-on guide has everything you need to get started.

Introduction 1 Part 1: Accounting Basics 7 Chapter 1: Introducing Accounting to Non-Accountants 9 Chapter 2: Bookkeeping 101: From Shoe Boxes to the Cloud 31 Chapter 3: Taxes, Taxes and More Taxes 53 Chapter 4: Accounting and Your Personal Finances 69 Part 2: Getting a Grip on Financial Statements 87 Chapter 5: Profit Mechanics 89 Chapter 6: The Balance Sheet from the Profit and Loss Account Viewpoint 111 Chapter 7: Cash Flows and the Cash Flow Statement 133 Chapter 8: Funding the Business 153 Part 3: Accounting in Managing a Business 177 Chapter 9: Managing Profit Performance 179 Chapter 10: Business Budgeting 199 Chapter 11: Choosing the Right Ownership Structure 221 Chapter 12: Cost Conundrums 239 Chapter 13: Choosing Accounting Methods 257 Part 4: Financial Reports in the Outside World 281 Chapter 14: How Investors Read a Financial Report. 283 Chapter 15: Professional Auditors and Advisors 315 Part 5: The Part of Tens 331 Chapter 16: Ten Ways Savvy Business Managers Use Accounting 333 Chapter 17: Ten (plus One) Questions Investors Should Ask When Reading a Financial Report 349 Chapter 18: Ten Ways to Get a Better Handle on the Financial Future 363 Appendix: Glossary: Slashing through the Accounting Jargon Jungle 375 Index 389