Construction Accounting addresses every aspect of the accounting for a construction business. The intent is to not only explain accounting concepts, but also provide examples and show how an accounting system can be constructed and operated. The book pays particular attention to unique aspects of construction accounting that are not encountered in other industries, including the job cost ledger, change orders, back charges, percentage of completion calculations, and the treatment of antici...

Standard costs are commonly used in many accounting applications. In the Standard Costs and Variance Analysis manual, we address the situations in which standard costing can be used, its advantages and disadvantages, and how to create a standard cost. We also cover the various types of variances that can be derived from standard costs, including materials, labor, and overhead variances. Finally, we address which variances should be reported, and how to report them to management.

The financial markets support the worldwide economic system, so it makes sense to have a basic understanding of how they operate. In the Guide to the Financial Markets, we explore the major financial markets, including the bond, equity, foreign exchange, futures, international debt, and money markets. The manual addresses such matters as how bonds are sold, the yield curve, the requirements of the different stock exchanges, dark pool trading, short selling, foreign exchange invest...

International accounting standards are used as the basis for financial reporting outside of the USA. The original documents are lengthy and difficult to research. The International Accounting book solves this problem by condensing the key elements of the standards into a single volume. It describes the key elements of each accounting topic, how accounting information is to be disclosed, and where to look in the source documents for additional information. The text contains hundreds of prac...

Ship owners must deal with a massive number of accounting transactions to operate their ships. In the Accounting for Ship Owners manual, we cover the essentials of revenue recognition, as well as the accounting for operating expenses, ship construction costs, depreciation, dry-docking, day-to-day maintenance, vessel impairment testing, and several related issues.

Islamic accounting mostly follows the IFRS accounting framework, but differs from it in a few key areas. We discuss these differences in Islamic Accounting, including prohibited business activities, how to calculate Zakat, and the different sukuk structures used. The manual also addresses differences in how financial statements are structured, additional disclosure requirements, and the use of social responsibility accounting.

The founders of a business have a number of business entity types from which to choose. In Types of Business Entities, we describe the essential elements of the sole proprietorship, general partnership, limited partnership, C corporation, limited liability company, and S corporation, and note the circumstances under which they will be most suitable. This manual is designed for the person who needs to quickly gain an understanding of each business type, and which one works best for...

The most successful organizations have a strong sales forecasting function, which allows them to precisely design their operations to match expected sales levels. In Effective Sales Forecasting, we discuss how to construct a robust forecasting system. Topics covered include the drivers of forecast accuracy, the forecasting process, sales forecasting techniques, detecting cresting sales, structural improvements to the process, related Excel tools, and how to measure forecast effect...

Effective Collections gives the accountant a complete set of tools for how to collect overdue invoices from customers, thereby accelerating cash flows and reducing the need for alternative forms of financing. The techniques covered include courtesy calls, dunning letters, salesperson assistance, arbitration, collection agencies, small claims court, and involuntary bankruptcy. The manual shows the accountant how to select a reputable collection agency and monitor its operations, an...

A successful internal audit program is an essential tool for determining how well an organization’s processes and controls are functioning. It can identify high-risk areas and determine how well existing controls are mitigating risks. In the Internal Auditing Guidebook, we cover all aspects of the internal auditing function, including governance, risk management, internal controls, fraud prevention and detection, audit evidence, audit sampling, data analytics, how to conduct engag...

A business may need a well-defined budgeting process in order to estimate its future financial situation and arrange for appropriate amounts of financing and personnel. Budgeting: A Comprehensive Guide provides clarity to the process by showing how to assemble a complete set of budgets, as well as supporting procedures, controls, and reports. It also addresses several variations on the basic budgeting concept - the flexible budget and the zero-base budget. And for those organizations that ...

There are many ways in which money can be diverted in order to obscure its origins and avoid paying taxes. In Money Laundering: Schemes and Detection Methods, we cover many of the techniques being used to launder money, while also providing an overview of the methods used to detect its existence and build a case against money launderers. The manual also describes the essential points of the United States legislation being used to grapple with the problem, and the reporting systems in place...