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Want to become an accountant? Own a small business but need help balancing your books? Worried about managing your finances under the cloud of the recession? This hands-on workbook gets you up to speed with the basics of business accounting, including reading financial reports, establishing budgets, controlling cash flow, and making wise financial decisions. The question and answer sections encourage you to find your own solutions to challenging accounting problems - and there's plenty of space to scribble your workings out! Accounting Workbook For Dummies is the only book that makes truly light work of the financial fundamentals that many businesspeople try to bluff their way through every day. Accounting Workbook For Dummies, UK Edition covers: Part I: Business Accounting BasicsChapter 1: Elements of Business AccountingChapter 2: Financial Effects of TransactionsChapter 3: Getting Started in the Bookkeeping Cycle Chapter 4: The Bookkeeping Cycle: Adjusting and Closing Entries Part II: Preparing Financial StatementsChapter 5: The Effects and Reporting of ProfitChapter 6: Reporting Financial Condition in the Balance SheetChapter 7: Coupling the Profit & Loss Statement and Balance SheetChapter 8: Reporting Cash Flows and Changes in Owners' EquityChapter 9: Choosing Accounting Methods Part III: Managerial, Manufacturing, and Capital AccountingChapter 10: Analysing Profit BehaviorChapter 11: Manufacturing Cost AccountingChapter 12: Figuring Out Interest and Return on Investment Part IV: The Part of TensChapter 13: Ten Things You Should Know About Business Financial StatementsChapter 14: A Ten-Point Checklist for Management Accountants Main changes in the UK edition include: UK Accounting practice Currency UK institutions - Inland Revenue and Customs and Excise etc National Insurance, PAYE UK taxation and VAT Partnerships and Limited company information UK legal practice UK specific forms UK specific case studies