Michael Taillard, PhD, MBA, is an economist specializing in strategic and behavioral finance. He has consulted for organizations such as the US Department of Defense, American Red Cross, and Quicken. He has taught graduate school courses for universities such as Central Michigan University and has authored several works on finance and economics.

• Introduction 1Book 1: Accounting for Financial Systems 5Chapter 1: Accounting for the Basics 7Chapter 2: Charting Your Accounts 17Chapter 3: Using Journal Entries and Ledgers 27Chapter 4: Choosing an Accounting Method 45Chapter 5: Setting the Standards 53Book 2: Recording Transactions 63Chapter 1: Keeping the Books 65Chapter 2: Tracking Purchases 77Chapter 3: Tallying Your Sales 87Chapter 4: Processing Employee Payroll and Benefits 99Chapter 5: Taxing Payrolls 119Book 3: Adjusting and Closing Entries 129Chapter 1: Depreciating Your Assets 131Chapter 2: Interesting Rates 143Chapter 3: Proving Out Cash 153Chapter 4: Reconciling Accounts and Closing Journal Entries 161Chapter 5: Checking Your Accuracy 177Chapter 6: Adjusting the Books 189Book 4: Preparing Income Statements and Balance Sheets 201Chapter 1: Stating Your Income 203Chapter 2: Balancing Your Sheets 221Chapter 3: Digging for Debt in the Balance Sheet 237Chapter 4: Explaining Equity 251Chapter 5: Interpreting Income Statements and Balance Sheets 263Book 5: Reporting Your Statements 277Chapter 1: Valuating Finances 279Chapter 2: Watching Cash Flow and Equity 289Chapter 3: Analyzing Financial Statements 305Chapter 4: Explaining Disclosures 321Chapter 5: Sharing Public Reports 335Book 6: Planning and Budgeting for Your Business 347Chapter 1: Looking at the Legals 349Chapter 2: Incorporating Your Business 361Chapter 3: Drawing Up a Business Plan 375Chapter 4: Budgeting for a Better Bottom Line 389Chapter 5: Mastering Budgeting Strategies 403Chapter 6: Planning for Long-Term Obligations 415Book 7: Making Savvy Business Decisions 427Chapter 1: Costing Jobs 429Chapter 2: Costing by the ABCs 445Chapter 3: Contributing to the Margin 461Chapter 4: Accounting for Change with Variance Analysis 477Chapter 5: Pricing Wisely 495Chapter 6: Formulating Equations 505Book 8: Handling Cash and Making Purchase Decisions 515Chapter 1: Matching Costs with Revenue 517Chapter 2: Exploring Inventory Cost Flows 525Chapter 3: Buying Wisely 537Chapter 4: Financing with Debt 551Chapter 5: Managing Results 565Chapter 6: Acquiring New Business 573Book 9: Auditing for Financial Fraud 591Chapter 1: Regulating Securities 593Chapter 2: Preventing Cash Losses from Embezzlement and Fraud 607Chapter 3: Assessing Audit Risk 621Chapter 4: Discovering Audits 645Chapter 5: Auditing Internal Controls 663Chapter 6: Scheming Scams 685Chapter 7: Cooking the Books 695Index 707

Michael Taillard, PhD, MBA, is an economist specializing in strategic and behavioral finance. He has consulted for organizations such as the US Department of Defense, American Red Cross, and Quicken. He has taught graduate school courses for universities such as Central Michigan University and has authored several works on finance and economics.

• Introduction 1Book 1: Accounting for Financial Systems 5Chapter 1: Accounting for the Basics 7Chapter 2: Charting Your Accounts 17Chapter 3: Using Journal Entries and Ledgers 27Chapter 4: Choosing an Accounting Method 45Chapter 5: Setting the Standards 53Book 2: Recording Transactions 63Chapter 1: Keeping the Books 65Chapter 2: Tracking Purchases 77Chapter 3: Tallying Your Sales 87Chapter 4: Processing Employee Payroll and Benefits 99Chapter 5: Taxing Payrolls 119Book 3: Adjusting and Closing Entries 129Chapter 1: Depreciating Your Assets 131Chapter 2: Interesting Rates 143Chapter 3: Proving Out Cash 153Chapter 4: Reconciling Accounts and Closing Journal Entries 161Chapter 5: Checking Your Accuracy 177Chapter 6: Adjusting the Books 189Book 4: Preparing Income Statements and Balance Sheets 201Chapter 1: Stating Your Income 203Chapter 2: Balancing Your Sheets 221Chapter 3: Digging for Debt in the Balance Sheet 237Chapter 4: Explaining Equity 251Chapter 5: Interpreting Income Statements and Balance Sheets 263Book 5: Reporting Your Statements 277Chapter 1: Valuating Finances 279Chapter 2: Watching Cash Flow and Equity 289Chapter 3: Analyzing Financial Statements 305Chapter 4: Explaining Disclosures 321Chapter 5: Sharing Public Reports 335Book 6: Planning and Budgeting for Your Business 347Chapter 1: Looking at the Legals 349Chapter 2: Incorporating Your Business 361Chapter 3: Drawing Up a Business Plan 375Chapter 4: Budgeting for a Better Bottom Line 389Chapter 5: Mastering Budgeting Strategies 403Chapter 6: Planning for Long-Term Obligations 415Book 7: Making Savvy Business Decisions 427Chapter 1: Costing Jobs 429Chapter 2: Costing by the ABCs 445Chapter 3: Contributing to the Margin 461Chapter 4: Accounting for Change with Variance Analysis 477Chapter 5: Pricing Wisely 495Chapter 6: Formulating Equations 505Book 8: Handling Cash and Making Purchase Decisions 515Chapter 1: Matching Costs with Revenue 517Chapter 2: Exploring Inventory Cost Flows 525Chapter 3: Buying Wisely 537Chapter 4: Financing with Debt 551Chapter 5: Managing Results 565Chapter 6: Acquiring New Business 573Book 9: Auditing for Financial Fraud 591Chapter 1: Regulating Securities 593Chapter 2: Preventing Cash Losses from Embezzlement and Fraud 607Chapter 3: Assessing Audit Risk 621Chapter 4: Discovering Audits 645Chapter 5: Auditing Internal Controls 663Chapter 6: Scheming Scams 685Chapter 7: Cooking the Books 695Index 707

Michael Taillard, PhD, MBA, is an economist specializing in strategic and behavioral finance. He has consulted for organizations such as the US Department of Defense, American Red Cross, and Quicken. He has taught graduate school courses for universities such as Central Michigan University and has authored several works on finance and economics.

• Introduction 1Book 1: Accounting for Financial Systems 5Chapter 1: Accounting for the Basics 7Chapter 2: Charting Your Accounts 17Chapter 3: Using Journal Entries and Ledgers 27Chapter 4: Choosing an Accounting Method 45Chapter 5: Setting the Standards 53Book 2: Recording Transactions 63Chapter 1: Keeping the Books 65Chapter 2: Tracking Purchases 77Chapter 3: Tallying Your Sales 87Chapter 4: Processing Employee Payroll and Benefits 99Chapter 5: Taxing Payrolls 119Book 3: Adjusting and Closing Entries 129Chapter 1: Depreciating Your Assets 131Chapter 2: Interesting Rates 143Chapter 3: Proving Out Cash 153Chapter 4: Reconciling Accounts and Closing Journal Entries 161Chapter 5: Checking Your Accuracy 177Chapter 6: Adjusting the Books 189Book 4: Preparing Income Statements and Balance Sheets 201Chapter 1: Stating Your Income 203Chapter 2: Balancing Your Sheets 221Chapter 3: Digging for Debt in the Balance Sheet 237Chapter 4: Explaining Equity 251Chapter 5: Interpreting Income Statements and Balance Sheets 263Book 5: Reporting Your Statements 277Chapter 1: Valuating Finances 279Chapter 2: Watching Cash Flow and Equity 289Chapter 3: Analyzing Financial Statements 305Chapter 4: Explaining Disclosures 321Chapter 5: Sharing Public Reports 335Book 6: Planning and Budgeting for Your Business 347Chapter 1: Looking at the Legals 349Chapter 2: Incorporating Your Business 361Chapter 3: Drawing Up a Business Plan 375Chapter 4: Budgeting for a Better Bottom Line 389Chapter 5: Mastering Budgeting Strategies 403Chapter 6: Planning for Long-Term Obligations 415Book 7: Making Savvy Business Decisions 427Chapter 1: Costing Jobs 429Chapter 2: Costing by the ABCs 445Chapter 3: Contributing to the Margin 461Chapter 4: Accounting for Change with Variance Analysis 477Chapter 5: Pricing Wisely 495Chapter 6: Formulating Equations 505Book 8: Handling Cash and Making Purchase Decisions 515Chapter 1: Matching Costs with Revenue 517Chapter 2: Exploring Inventory Cost Flows 525Chapter 3: Buying Wisely 537Chapter 4: Financing with Debt 551Chapter 5: Managing Results 565Chapter 6: Acquiring New Business 573Book 9: Auditing for Financial Fraud 591Chapter 1: Regulating Securities 593Chapter 2: Preventing Cash Losses from Embezzlement and Fraud 607Chapter 3: Assessing Audit Risk 621Chapter 4: Discovering Audits 645Chapter 5: Auditing Internal Controls 663Chapter 6: Scheming Scams 685Chapter 7: Cooking the Books 695Index 707