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Table Of Contents
Table Of Contents - Basic Accounting Skills for the Business Professional
The Accountant's Tool Box: Basic Accounting Principles And Terminology
What accounting is, and how it affects your job and your responsibilities
3 key accounting terms that form the financial "cornerstone" — brief, easy-to-understand explanations
When expense and revenue activities are reflected "on the books," and how to anticipate your organization's current and future financial status
Making Sense of the Numbers:
Special Financial Conventions and Practices
The differences between direct and indirect expenses, and who is responsible for each
Why costs beyond your control can directly affect your own financial performance
How you can increase profitability in your department or organization with a better understanding of the break-even point
A simple break-even chart that puts the numbers in an easy-to-understand visual form
Purchase or lease? The benefits and drawbacks of both options
The 2 basic methods of depreciation and how they affect financial results
The Financial Road Map: How to Use Financial Statements and Reports
The 8 objectives for financial reporting, and how financial reports can work for you
How everyday business transactions are translated into balance sheets and profit-and-loss statements
How to analyze financial reports for profitability, activity, liquidity, and debt coverage
4 professional methods to measure bottom-line profitability
Achieving On-Target, Profitable Results: Budgeting Basics
How sound budgeting leads to better, more effective management
An easy 7-point budgeting outline to prepare a new budget or assess your current one
How to use budgets to measure the performance of your department, your organization — even yourself!
8 expert techniques that help you prepare and monitor your budgets more accurately and efficiently
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