By Wayne Label
A quickly, Compact, and Easy-to-Understand source for Non-Accountants
Accounting for Non-Accountants is the must-have consultant for we all who've by no means taken an accounting category, are mystified by means of accounting jargon, and feature no clue approximately stability sheets, source of revenue statements, or statements of money flows.
Whether you personal a enterprise, plan on beginning one, or simply are looking to regulate your individual resources, you can find every little thing you want to know:
•How to arrange and use monetary statements
•How to manage funds flows
•How to regulate budgets
•How to take advantage of accounting ratios to
•How to accommodate audits and auditors interpret monetary statements
Let this publication assist you love it helped those readers:
"Dr. Labels motives are basic and simple. "
"This can help me much as I organize my very own company. "
"I have labored in accounting for over twenty-five years, and this can be the simplest publication i've got obvious to aid individuals with the fundamentals of accounting."
For marketers or an individual who must brush up on accounting quickly, this ebook can have you up and working in no time.
Read or Download Accounting for Non-Accountants, 3E: The Fast and Easy Way to Learn the Basics PDF
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Extra resources for Accounting for Non-Accountants, 3E: The Fast and Easy Way to Learn the Basics
2. Financial statements. I. Title. II. Title: Accounting for nonaccountants. L33 2013 657–dc23 2012038503 Printed and bound in the United States of America. VP 10 9 8 7 6 5 4 3 2 1 Contents Acknowledgments Introduction Chapter 1: Introducing Accounting and Financial Statements What Is Accounting? Who Uses Accounting Information? Financial Statements How Different Business Entities Present Accounting Information Chapter 2: Generally Accepted Accounting Principles Who Are the SEC, AICPA, FASB, and IASB?
Historical Cost Principle: According to this rule, most Assets and Liabilities should be represented on the Balance Sheet at the amount that was paid to acquire the Asset, or for the Liabilities, at the amount that was contracted to be paid in the future. No account is taken for either inflation or changing value of Assets over time. International Accounting Standards Board (IASB): The board responsible for setting the International Accounting Standards used by more than one hundred countries throughout the world.
What Are Generally Accepted Accounting Principles (GAAP)? S. Accounting Standards and International Standards? Chapter 3: The Balance Sheet and Its Components Understanding the Balance Sheet The Accounting Equation Components of the Balance Sheet Transactions behind the Balance Sheet Chapter 4: The Income Statement Understanding the Income Statement The Income Statement Illustrated Transactions That Affect the Income Statement Business Transactions Chapter 5: Preparing and Using a Statement of Cash Flows What Is a Statement of Cash Flows?