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Accounting All-in-One

3rd Edition

Accounting All-in-One For Dummies® 3rd Edition

Published by: John Wiley & Sons, Inc., 111 River Street, Hoboken, NJ 07030-5774, www.wiley.com

Copyright © 2022 by John Wiley & Sons, Inc., Hoboken, New Jersey

Media and software compilation copyright © 2022 by John Wiley & Sons, Inc. All rights reserved.

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 the prior written permission of the Publisher. Requests to the Publisher for permission should be addressed to the Permissions Department, John Wiley & Sons, Inc., 111 River Street, Hoboken, NJ 07030, (201) 748-6011, fax (201) 748-6008, or online at http://www.wiley.com/go/ permissions.

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Library of Congress Control Number: 2022941592

ISBN 978-1-119-89766-8 (pbk); ISBN 978-1-119-89767-5 (ebk); ISBN 978-1-119-89768-2 (ebk)

Book 2: Recording Transactions

Book 8: Handling Cash and Making Purchase Decisions

CHAPTER 1: Matching Costs with Revenue

BOOK 3: ADJUSTING AND CLOSING ENTRIES

Cash Flow and Equity

Drawing Up a Business Plan

Recognizing the evolution of business plans: BOTE, WAG, and SWAG

Plotting the break-even point

Applying the cash payback method when annual net cash flows change each year

Netting Present Value

Calculating time value of money with one payment for one year

Finding time value of money with one payment held for two periods or more

Calculating net present value with a series of future cash

New Business

Segregating

CHAPTER 4: Discovering Audits

Auditing Internal Controls

6: Scheming Scams

subprime and predatory lending

Taking advantage of employees

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