A revised and updated new edition of the top-selling accounting guide Accounting For Dummies, Third Edition helps readers get a handle on the financial aspects of their businesses, investments, or taxes, all of which have recently undergone major developments. This handy guide covers the basics of accounting in language anyone can understand, but also provides detailed coverage of more complex business accounting issues, such as income statements and balance sheets, budgets and budgeting, profit and cash flow, stemming losses, managing inventory, and evaluating profit margins. This new edition also discusses the impact of the Sarbanes-Oxley Act of 2002, the recent financial and accounting frauds at large companies, the establishment of the Public Company Accounting Oversight Board, and the new financial reporting standards for stock options and financial derivatives. John A. Tracy, CPA (Bolder, CO), is a former staff accountant at Ernst & Young and a former accounting professor at the University of Colorado. His other books include the bestseller How to Read a Financial Report (0-471-47867-9)
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