The only guide to accounting that’s tailor-made for Canadians
Accounting For Canadians For Dummies provides comprehensive coverage of all the auditing concepts, practices, and regulations Canadians need to know. This trusted guide is full of great information applicable to accountants and auditors who work throughout private industry and government, as well as salary accountants working for accounting, tax preparation, bookkeeping, and payroll services firms. Financial statements, financial reports, and business accounting are explained in terms anyone can understand. This new edition is revised to include accounting in the digital age, applying techniques from Wall Street, capitalizing a business, and beyond. This Dummies guide paves an easy-to-follow path to success for students and professionals alike.
Understand the basics of general accounting procedures Learn the ins & outs of Canadian regulations Prepare and analyze financial reports, and create professional financial statements Discover how to track inventory and evaluate profit margins
Accounting For Canadians For Dummies is the ideal book for both accounting professionals and students working towards a degree in accounting or auditing.
Introduction 1 Part 1: Opening the Books on Accounting 5 Chapter 1: Accounting in Today’s Economy 7 Chapter 2: Introducing Financial Statements 25 Chapter 3: Bookkeeping and Accounting Systems 49 Chapter 4: Accounting in the Digital Age 71 Chapter 5: Deciding the Legal Structure for a Business 85 Part 2: Exploring Financial Statements 101 Chapter 6: Reporting Profit or Loss in the Income Statement 103 Chapter 7: Reporting Financial Condition on the Balance Sheet 125 Chapter 8: Reporting Cash Flows 149 Chapter 9: Choosing Accounting Methods 167 Part 3: Understanding Financial Reports, Financial Statements, and Financial Information 189 Chapter 10: Producing Financial Reports 191 Chapter 11: Deciphering a Financial Report 213 Chapter 12: Analyzing Financial Information with Ratios 227 Chapter 13: Generating Internal Financial Information for Management Use 249 Chapter 14: Applying Tricks and Treats to Engineer Financial Results 271 Part 4: Leveraging Accounting in Managing a Business 281 Chapter 15: Analyzing Profit 283 Chapter 16: Accounting for Costs 305 Chapter 17: Preparing Forecasts, Projections, and Budgets 329 Part 5: The Part of Tens 349 Chapter 18: Ten Tips for Managers 351 Chapter 19: Ten Tips for Reading a Financial Report 361 Index 371
Cécile Laurin, CPA, CA, is a retired professor of accounting at Algonquin College of Applied Arts and Technology in Ottawa. She has been chief financial officer for three engineering firms and a law firm. Tage C. Tracy operates a financial consulting firm focused on offering CFO/executive-level support and planning services to private companies. He is the author of Business Financial Information Secrets and has coauthored several For Dummies books.
