Overview

Essential concepts and terminology to turn you into a financial accounting wizard They say accounting is the language of business, and like any new language, it takes time to achieve fluency. Financial Accounting For Dummies, UK Edition simplifies complex information into easily understandable terms to help you succeed in your classes and your career. In classic Dummies fashion, this guide demystifies complicated jargon and confusing rules, so you can understand all that you need to know to work in the financial accounting field. Discover the steps to becoming a qualified accountant and learn to handle bookkeeping, business transactions, and ledgers. When you're ready for the more advanced stuff, move on to balance sheets, investing, and analysing financial statements. Let Financial Accounting For Dummies simplify accounting, so you can achieve your goals, the easy way. Gain a thorough background in financial accounting concepts, with clear explanations Learn about the major changes to accounting standards and law in recent years Start off on the track of getting qualified as an accountant and beginning a rewarding career Understand profit and loss, financial statements, and other accounting must-knows Financial Accounting For Dummies, UK Edition is invaluable for students pursuing a degree in accounting, finance, or business, as well as those working toward their ACA, ACCA, or CIMA qualifications.

Full Product Details

Author:   Steven Collings (Leavitt Walmsley Associates, Bolton, UK) ,  Maire Loughran (American Institute of Certified Public Accountants)
Publisher:   John Wiley & Sons Inc
Imprint:   For Dummies
Edition:   2nd UK Edition
Dimensions:   Width: 1.00cm , Height: 1.00cm , Length: 1.00cm
Weight:   0.454kg
ISBN:  

9781394366484

ISBN 10:   1394366485
Pages:   368
Publication Date:   06 November 2025
Audience:   General/trade ,  General
Format:   Paperback
Publisher's Status:   Forthcoming
Availability:   Awaiting stock  

Table of Contents

Introduction 1 Part 1: Getting Started with Financial Accounting 5 Chapter 1: Looking at the Bigger Picture of Financial Accounting 7 Chapter 2: Making a Career in Financial Accounting 23 Chapter 3: Introducing the Primary Financial Statements 37 Chapter 4: Acronym Alert! Setting the Standards for Financial Accounting 53 Part 2: Looking at Some Accounting Basics 67 Chapter 5: Doing the Books: The Process behind Financial Accounting 69 Chapter 6: Exploring Accounting Methods Under UK and Ireland GAAP and UK-adopted IFRS 91 Part 3: Bonding with the Balance Sheet 103 Chapter 7: Looking at Assets 105 Chapter 8: Grappling with Liabilities 119 Chapter 9: Examining the Equity Section 139 Part 4: Investigating Income and Cash Flow 151 Chapter 10: Understanding Profit and Loss 153 Chapter 11: Figuring Out the Statement of Cash Flows 175 Chapter 12: Discovering and Understanding Depreciation 191 Chapter 13: Dealing with and Accounting for Inventory and Work in Progress 205 Part 5: Analysing the Financial Statements 217 Chapter 14: Using Ratios and Other Tools 219 Chapter 15: Delving into Disclosures. 233 Chapter 16: Reporting to Shareholders 249 Part 6: Tackling More Advanced Financial Accounting Topics 261 Chapter 17: Accounting for Revenue 263 Chapter 18: Accounting for Taxes 279 Chapter 19: Accounting for Leases 291 Chapter 20: Reporting Changes in Policies and Estimates and Correcting Errors 307 Part 7: The Part of Tens 319 Chapter 21: Ten Financial Accounting Shenanigans 321 Chapter 22: Ten Industries with Special Accounting Standards 329 Index 337

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Author Information

Steve Collings, FCCA, is an internationally recognized speaker, writer, and commentator on financial reporting and auditing. He is the author of IFRS For Dummies and Interpretation and Application of International Standards on Auditing. Maire Loughran, CPA, is an accountant and auditor with 20 years’ experience as a full, adjunct accounting professor. She is the author of Financial Accounting For Dummies, Auditing For Dummies, and Intermediate Accounting For Dummies.

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