Prentice Hall's one-day MBA in finance & accounting
Read Prentice Hall's one-day MBA in finance & accounting Online
Authors: Michael Muckian,Prentice-Hall,inc
Tags: #Finance, #Reference, #General, #Careers, #Accounting, #Corporate Finance, #Education, #Business & Economics
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The
Fast Forward
MBA in Finance
SECOND EDITION
THE FAST FORWARD MBA SERIES
The Fast Forward MBA Series provides time-pressed business professionals and students with concise, one-stop information to help them solve business problems and make smart, informed business decisions.
All of the volumes, written by industry leaders, contain “tough ideas made easy.” The published books in this series are:
The Fast Forward MBA Pocket Reference, Second Edition
(0-471-22282-8)
by Paul A. Argenti
The Fast Forward MBA in Selling
(0-471-34854-6)
by Joy J.D. Baldridge
The Fast Forward MBA in Financial Planning
(0-471-23829-5)
by Ed McCarthy
The Fast Forward MBA in Negotiating and Dealmaking
(0-471-25698-6)
by Roy J. Lewicki and Alexander Hiam
The Fast Forward MBA in Project Management
(0-471-32546-5)
by Eric Verzuh
The Fast Forward MBA in Business Planning for Growth
(0-471-34548-2)
by Philip Walcoff
The Fast Forward MBA in Business Communication
(0-471-32731-X)
by Lauren Vicker and Ron Hein
The Fast Forward MBA in Investing
(0-471-24661-1)
by John Waggoner
The Fast Forward MBA in Hiring
(0-471-24212-8)
by Max Messmer
The Fast Forward MBA in Technology Management
(0-471-23980-1)
by Daniel J. Petrozzo
The Fast Forward MBA in Marketing
(0-471-16616-2)
by Dallas Murphy
The Fast Forward MBA in Business
(0-471-14660-9)
by Virginia O’Brien
The
Fast Forward
MBA in Finance
SECOND EDITION
JOHN A. TRACY
John Wiley & Sons, Inc.
Copyright © 1996, 2002 by John A. Tracy. All rights reserved.
Published by John Wiley & Sons, Inc., New York.
Published simultaneously in Canada.
No part of this publication may be reproduced, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, scanning or otherwise, except as permitted under Sections 107 or 108 of the 1976 United States Copyright Act, without either the prior written permission of the Publisher, or authorization through payment of the appropriate per-copy fee to the Copyright Clearance Center, 222 Rose-wood Drive, Danvers, MA 01923, (978) 750-8400, fax (978) 750-4744.
Requests to the Publisher for permission should be addressed to the Permissions Department, John Wiley & Sons, Inc., 605 Third Avenue, New York, NY 10158-0012, (212) 850-6011, fax (212) 850-6008, E-Mail: [email protected].
This publication is designed to provide accurate and authoritative information in regard to the subject matter covered. It is sold with the understanding that the publisher is not engaged in rendering professional services. If professional advice or other expert assistance is required, the services of a competent professional person should be sought.
Wiley also publishes its books in a variety of electronic formats. Some content that appears in print may not be available in electronic books.
ISBN: 0-471-20285-1
Printed in the United States of America.
10 9 8 7 6 5 4 3 2 1
for
Richard and Robert, my dog track buddies,
who have helped me more than they know.
C O N T E N T S
xiii
PART 1
FINANCIAL REPORTING OUTSIDE
AND INSIDE A BUSINESS
CHAPTER 1—GETTING DOWN TO BUSINESS
3
Accounting Inside and Out
4
Internal Functions of Accounting
6
External Functions of Accounting
6
A Word about Accounting Methods
8
End Point
9
CHAPTER 2—INTRODUCING FINANCIAL
STATEMENTS
11
Three Financial Imperatives, Three Financial
Statements
11
Accrual-Basis Accounting
13
The Income Statement
16
The Balance Sheet
18
The Statement of Cash Flows
21
End Point
24
vii
C O N T E N T S