by William H. Webster

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Table of Contents

Preface (download as a pdf file)

Chapter 1. How to Speak Accounting
The Three Questions
Visualize to Understand
The Accounting System
Accounting from the Bottom Up
Double Entry
Bookkeeping and Accounting
Financial Statements
Accounting Principles
The Fundamental Equations of Accounting
The Advantages of an Accounting System
A Few Important Details
Managerís Checklist for Chapter 1
Download pdf file of Chapter 1

Chapter 2. Concepts and Principles, Checks and Balances
Closing the GAAP
Zen Accounting
Checks and Balances
Manager's Checklist for Chapter 2

Chapter 3. Financial Statements
The Lemonade Stand
Load, Wash, Rinse, Spin, Dry
Past as Prologue
The Income Statement
Statement of Cash Flows
The Balance Sheet
A Delicate Balance: The Adjusting Entries
Manager's Checklist for Chapter 3

Chapter 4. Financial Ratios
What Measures Performance?
Liquidity Ratios
Activity Ratios
Debt Ratios
Profitability Ratios
Putting It All Together
Manager's Checklist for Chapter 4

Chapter 5. Management Accounting
Management Accounting--for the Future
Cost/Volume/Profit Analysis
Manager's Checklist for Chapter 5

Chapter 6. Management Cost Accounting
Cost Behavior, Inventory, and Overhead
General Widget Company
Manager's Checklist for Chapter 6

Chapter 7. Cost Accounting Systems in Action
Why the Fuss?
Job-Order and Process Costing Systems
As Complex as ABC
Standard Costing
Static and Flexible Budgeting
Manager's Checklist for Chapter 7

Chapter 8. Other Management Accounting Systems
They Want It, but They Donít Want It--yet They Still Need It
Balanced Scorecard
Hybrid Costing
Just-in-Time Inventory
Operation Costing Systems
Environmental/Full Cost Accounting
Target Costing
Transfer Pricing
Managerís Checklist for Chapter 8

Chapter 9. Taxation
The Principal Taxes
Corporate Income and Deduction Tax Issues
Alternative Minimum Tax (AMT)
Tax Credits
Tax Practice
Managerís Checklist for Chapter 9

Chapter 10. Advanced Fraud
FraudHere, There, and Everywhere
Sarbanes-Oxley Act
Employment Trust Fund Fraud
External Fraud
Beginning Finance
Managerís Checklist for Chapter 10

Chapter 11. Where Will All This New Knowledge Take You?
A Story
Key Concepts
Managerís Checklist for Chapter 10

Appendix: Resources, Accounting for Managers

ISBN for this title: 0-07-142174-2

About the Author

Bill Webster started his accounting practice in 1994, receiving his Enrolled Agent certification in 1996 and CPA in 1998. He is retired from the Federal Aviation Administration after 23 years federal service as an Air Traffic Control Specialist. His last assignment was program management and implementation of computer systems. Other FAA assignments included a stint as an FAA Academy Instructor in Oklahoma City, OK and Assistant Manager for Automation in Fort Worth, TX.

His education includes the MBA program at Humboldt State University, Arcata, CA and MFA program at University of Southern California, Los Angeles, CA. His BA is in English from Kenyon College. He also holds Certificated Flight Instructor and Commercial Pilot ratings.

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