Managerial Accounting Classroom (Original Book 3rd Edition)

Author: John A. Tracy (USA)
Publisher:
Publish Date: 2007-01-01
Features: This is an absolute truth: Managers must have a basic understanding of their company's accounting methods and understand how profits and losses are recorded and financial conditions are reflected. Of course, people who need to understand accounting basics are not just managers. Investors rely on accounting reports (financial statements) to make investment decisions: If they have a basic grasp of accounting, taxpayers will have a better understanding of income tax; as individuals, if they have basic accounting concepts, they can better manage savings and retirement plans. This book starts from the perspective of non-accounting professionals, first guiding readers to recognize the basic elements of corporate accounting and learn to read corporate financial statements. On this basis, it explains the "difficulties" involving accounting knowledge in business management one by one. Then, from the perspective of investors, it guides readers on how to read corporate financial reports, evaluate accounting methods, and recognize accounting fraud. Finally, it summarizes ten accounting usage methods for wise managers and ten questions rational investors should ask when reading financial reports. This is an absolute truth: Managers must have a basic understanding of their company's accounting methods and understand how profits and losses are recorded and financial conditions are reflected. Of course, people who need to understand accounting basics are not just managers. Investors rely on accounting reports (financial statements) to make investment decisions: If they have a basic grasp of accounting, taxpayers will have a better understanding of income tax; as individuals, if they have basic accounting concepts, they can better manage savings and retirement plans.