Accounting for Canadians for dummies. ([2019])

• Record Type: Book
• Further Information: Note: By John A. Tracy and Cécile Laurin.
• Authors: Tracy, John A; Laurin, Cecile
• Contents: Intro; Title Page; Copyright Page; Table of Contents; Introduction; About This Book; Foolish Assumptions; Icons Used in This Book; Beyond the Book; Where to Go from Here; Part 1 Opening the Books on Accounting; Chapter 1 Accounting: The Language of Business, Investing, Finance, and Taxes; Accounting Is Not Just for Accountants; Affecting both insiders and outsiders; Overcoming the stereotypes of accountants; Relating accounting to your personal financial life; Looking for Accounting in All the Right Places; Taking a Peek behind the Scenes; Focusing on Transactions Separating basic types of transactionsKnowing who's on the other side of transactions; Taking the Pulse of a Business: Financial Statements; Meeting the balance sheet and the accounting equation; Reporting profit and loss, and cash flows; Respecting the importance of this trio; Exploring Careers in Accounting; Professional accounting designations; The controller: The chief accountant in an organization; A springboard to other careers; Chapter 2 Financial Statements and Accounting Standards; Introducing the Information Content of Financial Statements; Setting up the business example The income statementThe balance sheet; The statement of cash flows; How Profit and Cash Flow from Profit Differ; Gleaning Key Information from Financial Statements; How's profit performance?; Is there enough cash?; Can you trust the financial statement numbers?; Why no cash distribution from profit?; Keeping in Step with Accounting and Financial Reporting Standards; Recognizing Canadian and international standards; Getting to know the Canadian, U.S., and international standard setters; Going worldwide; Noting a divide between public and private companies Recognizing how income tax methods influence accounting methodsFollowing the rules and bending the rules; Chapter 3 Bookkeeping and Accounting Systems; Bookkeeping and Beyond; Pedalling Through the Bookkeeping Cycle; Managing the Bookkeeping and Accounting System; Categorize your financial information: The chart of accounts; Standardize source document forms and procedures; Hire competent, trained personnel; Enforce strong -- we mean strong! -- internal controls; Complete the process with end-of-period procedures; Leave good audit trails; Look out for unusual events and developments Design truly useful reports for managersDouble-Entry Accounting for Single-Entry Folks; Juggling the Books to Conceal Embezzlement and Fraud; Using Accounting Software in the Cloud and on the Ground; Part 2 Exploring Financial Statements; Chapter 4 Reporting Revenue, Expenses, and the Bottom Line; Presenting a Typical Income Statement; Looking at businesses that sell services; Taking care of some housekeeping details; Your job: Asking questions!; Deconstructing Profit; Revenue and expense effects on assets and liabilities; Folding profit into retained earnings
• Edition: 3rd edition
• Publisher Details: Hoboken, NJ : John Wiley & Sons, Inc
• Publication Date: 2019
• Extent: 1 online resource
• Subjects: 657/.0971; Accounting -- Canada; BUSINESS & ECONOMICS -- Accounting -- Financial; Accounting; Canada; Electronic books
• Languages: English
• ISBNs: 9781119575863; 1119575869; 9781119575818; 1119575818
• Related ISBNs: 9781119575832; 1119575834
• Notes: Note: Includes bibliographical references and index.; Note: Online resource; title from digital title page (viewed on October 25, 2019).
• Access Rights: Legal Deposit; Only available on premises controlled by the deposit library and to one user at any one time; The Legal Deposit Libraries (Non-Print Works) Regulations (UK).
• Access Usage: Restricted: Printing from this resource is governed by The Legal Deposit Libraries (Non-Print Works) Regulations (UK) and UK copyright law currently in force.