Introduction

To the general public, accounting means crunching numbers. Accountants are bean counters, whose job it is to make sure enough money is coming in to cover all the money going out. Most people also recognize that accountants help individuals and businesses complete their tax returns. Few people give much thought to the many other facets of accounting.

Accounting is much more than just keeping the books and completing tax returns. Sure, that is a large part of it, but in the business world, accounting also includes setting up an accounting system, preparing financial statements and reports, analyzing financial statements, planning and budgeting for a business, attracting and managing investment capital, securing loans, analyzing and managing costs, making purchase decisions, and preventing and detecting fraud.

Although no single book can help you master everything there is to know about all fields of accounting, this book provides the information you need to get started in the most common areas.

About This Book

Accounting All-In-One For Dummies expands your understanding of what accounting is and provides you with the information and guidance to master the skills you need in various areas of accounting. This book covers everything from setting up an accounting system to preventing and detecting fraud. This book gives you nine Books in one:

  • Book I: Setting Up Your Accounting System
  • Book II: Recording Accounting Transactions
  • Book III: Adjusting and Closing Entries

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