Effective accounting for small businesses : a guide to business and personal financial success

Personal financial management and success is as important as business financial management and success. Many of the topics presented apply to both our business and personal lives. As is the nature of managerial accounting, the concepts and applications are intended for internal use only. There are no rules regarding the content and format of in-house spreadsheets and reports. Our focus is strictly on reports that provide the best and most useful information to people and managers. Other accounting courses address "generally accepted accounting principles," IRS regulations, and stockholder and other external reports. Read more... Abstract: Personal financial management and success is as important as business financial management and success. Many of the topics presented apply to both our business and personal lives. As is the nature of managerial accounting, the concepts and applications are intended for internal use only. There are no rules regarding the content and format of in-house spreadsheets and reports. Our focus is strictly on reports that provide the best and most useful information to people and managers. Other accounting courses address "generally accepted accounting principles," IRS regulations, and stockholder and other external reports Business Expert Press Cover 1 Effective Accounting for Small Businesses: A Guide to Business and Personal Financial Success 2 Contents 4 Introduction to the Book and the Course 6 PART I: Basic Applications 10 CHAPTER 1: Cost 12 CHAPTER 2: Preparing andUnderstanding theIncome Statement 16 CHAPTER 3: Monitoring Cash Flow 22 CHAPTER 4: Preparing and Understanding the Balance Sheet 26 CHAPTER 5: The Business Plan: Development and Applications 32 CHAPTER 6: Making a Product 36 PART II: SPECIAL TOPICS AND APPLICATIONS 42 CHAPTER 7: How to Plan,How to Budget 44 CHAPTER 8: Personal Investment and Capital Budgeting 50 CHAPTER 9: Decision-Making, Cost, Cost Allocation and Revenues 60 CHAPTER 10: Trend Analysisand Financial Trends 68 CHAPTER 11: Pricing and Managing Inventory 74 CHAPTER 12: Taxes and Their Implications for Your Business 80 Index 84 Cover 88 Content: Introduction to the book and the course -- Part I. Basic applications -- 1. Cost -- 2. Preparing and understanding the income statement -- 3. Monitoring cash flow -- 4. Preparing and understanding the balance sheet -- 5. The business plan: development and applications -- 6. Making a product -- Part II. Special topics and applications -- 7. How to plan, how to budget -- 8. Personal investment and capital budgeting -- 9. Decision-making, cost, cost allocation and revenues -- 10. Trend analysis and financial trends -- 11. Pricing and managing inventory -- 12. Taxes and their implications for your business -- Index.