Accounting handbook

Siegel, Joel G. (author.). Shim, Jae K., (author.). Dauber, Nicky A., (author.). Qureshi, Anique A., (author.).

Summary:

The newly updated edition of this authoritative reference volume deserves a place in the library of every accountant, bookkeeper, accounting manager, CPA, CFO, controller, business manager, and business student. An opening overview of financial accounting describes financial statements and presents details on financial reporting requirements and compliance, and U.S. GAAP (Generally Accepted Accounting Principles) and IFRS (International Financial Reporting Standards). Chapters that follow cover cost management, as well as taxation forms and their preparation. An extensive A-to-Z dictionary of accounting terms presents short-entry definitions of everything from Abacus to Z Score.

Record details

ISBN: 9780764166570
ISBN: 0764166573
Physical Description: 1062 pages ; 24 cm
Edition: Sixth edition / Jae K. Shim, Ph.D. (Former Professor of Accounting, College of Business Administration, California State University, Long Beach), Joel G. Siegel, Ph.D., CPA (Professor of Accounting, Queens College of the City University of New York), Nick Dauber, MS, CPA (Lecturer in Accounting, Queens College of the City University of New York), Anique A. Qureshi, Ph.D., CPA (Professor of Accounting and Information Systems, Queens College of the City University of New York).
Publisher: Hauppauge, New York : Barrons Educational Series, Inc., [2015]

Content descriptions

General Note:	Revised edition of: Accounting handbook / Joel G. Siegel, Jae K. Shim. 5th ed.
Bibliography, etc. Note:	Includes bibliographical references and index.
Formatted Contents Note:	Financial accounting: the financial statements : Income statement reporting ; Balance sheet ; Statement of cash flows -- Financial accounting: financial reporting requirements : Interim reporting ; FASB Accounting Standards Codification ; Accounting changes ; Prior period adjustments ; Disclosure of accounting policies ; Segmental reporting ; Imputing interest on notes ; Business combinations ; Consolidation ; Investments in securities ; Fair value measurements ; Fair value option for financial assets and financial liabilities ; Leases ; Pension plans ; Other postretirement benefits ; Income tax accounting ; Foreign currency translation and transactions ; Financial instruments ; Related parties -- Management accounting/cost management I : Introduction: the role of management accounting ; Cost accounting vs. cost management ; Part I. processing cost data for cost accumulation : Cost concepts, terms, and classifications ; Cost-accumulation systems ; Costing joint products and by-products ; Allocation of service department costs to production departments ; Activity-based costing ; Activity-based management ; Just-In-Time (JIT) and Total Quality Management (TQM) ; Measuring quality costs ; Backflush costing ; Throughput ; Environmental costs and ecoefficiency ; Life-cycle costs and target costing ; Part II. Using cost data for planning : Cost behavior analysis: analysis of mixed costs ; Cost-volume-profit (CVP) and break-even analysis ; Absorption versus variable costing ; Budgeting for profit planning ; A shortcut approach to formulating the budget -- Management accounting/cost management II : Part III. Using cost data for control : Responsibility accounting: introduction ; Standard costs and variance analysis for cost centers-- Segmental reporting for profit centers ; Responsibility accounting for investment centers ; Balanced scorecard ; Transfer pricing ; Part IV. Using cost data for decision making : Short-term and nonroutine decisions ; Capital budgeting decisions ; How does MACRS affect investment decisions -- Financial statement analysis : Importance ; Horizontal analysis ; Ratio analysis ; Summary and limitations of ratio analysis -- Individual income taxation: preparation and planning : How to postpone taxes ; Sources of tax-exempt income ; How to delay paying tax on interest ; Gains or losses on securities transactions ; Tax strategies when children are involved ; Itemized deductions ; Self-employment ; Personal exemptions ; Standard deduction ; Tax implications of pension plans ; Real estate transactions ; Gifts ; Determination of tax ; Estate planning ; Advantages of having a trust ; Alternative minimum tax -- Dictionary of accounting terms -- Information technology in accounting : Accounting packages ; Activity-Based Costing (ABC) software ; Spreadsheets (electronic worksheets) ; Auditing tasks ; Spreadsheet-assisted auditing ; Tax preparation and planning ; Using database management systems (DBMS) ; Software systems that impact value chain management ; Wireless technology -- Quantitative methods for accounting : Decision making ; Linear programming and shadow pricing ; Learning curve ; Inventory planning ; Program Evaluation and Review Technique (PERT) -- Auditing and internal control over financial reporting : Sarbanes-Oxley Act and the Public Company Accounting Oversight Board (PCAOB) ; Audit reports ; Compilation of financial statements ; Review of financial statements ; Reports on prospective financial statements ; Audit documentation ; Internal auditing ; Section 404 of the Sarbanes-Oxley Act ; The SOX section 302 and section 906 considerations -- Personal financial planning : Objectives of personal financial planning -- Governmental and nonprofit accounting : Characteristics of nonbusiness organizations ; Governmental accounting ; Nonprofit organizations and financial reporting -- International accounting and International Financial Reporting Standards (IFRS) : Introduction: Accounting dimensions of international business ; Foreign currency exchange rates ; U.S. GAAP vs. IFRS ; Required financial statements and structural differences in primary financial reporting ; IFRS differences affecting the statement of financial position ; IFRS differences affecting the income statement -- Forensic accounting : Why is forensic accounting necessary? ; When does one employ a forensic accountant? ; Where is a forensic accountant used? ; How does a forensic accountant work? ; Forensic accounting and fraud examination ; Forensic specialists' investigation procedure ; Forensic computing and the use of technology ; IT and data mining used to detect corporate fraud ; A case in forensic accounting -- Appendix A. Summary of the Sarbanes-Oxley Act of 2002 -- Appendix B. Sarbanes-Oxley compliance practice aid.