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 way 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 will discover every thing you want to know:
•How to organize and use monetary statements
•How to manage money flows
•How to regulate budgets
•How to exploit accounting ratios to
•How to house audits and auditors interpret monetary statements
Let this ebook assist you love it helped those readers:
"Dr. Labels reasons are uncomplicated and easy. "
"This can assist me much as I organize my very own company. "
"I have labored in accounting for over twenty-five years, and this is often the simplest booklet i've got noticeable to aid individuals with the fundamentals of accounting."
For marketers or a person who must brush up on accounting speedy, this e-book 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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A brief, Compact, and Easy-to-Understand source for Non-Accountants Accounting for Non-Accountants is the must-have advisor for we all who've by no means taken an accounting category, are mystified via accounting jargon, and feature no clue approximately stability sheets, source of revenue statements, or statements of money flows.
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Extra info for Accounting for Non-Accountants, 3E: The Fast and Easy Way to Learn the Basics
Thus, in some cases, many immaterial items should be grouped together and called “miscellaneous” or the items could be added to other items, so that the total becomes material. That is, the items can be lumped in together with other items that are material and the entire bundle can be considered material. Quiz The owners of a business decide to write up the value of their land, which ten years ago cost $10,000 to purchase and today sits in a prime location of the city and has been appraised at $40,000.
S. Accounting Standards and International Standards? It is important that you understand the concepts of Generally Accepted Accounting Principles (GAAP), which form the basis of accounting and are part of the language of accounting and business. Third parties who invest in or provide loans to any company must know that they can rely on the financial information provided. This chapter will introduce the agencies responsible for standardizing the accounting principles that are used in the United States and it will describe those principles in full detail.
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? Cash and Cash Equivalents The Statement of Cash Flows Illustrated Chapter 6: The Corporation The Corporation Defined What Is Capital Stock?
Accounting for Non-Accountants, 3E: The Fast and Easy Way to Learn the Basics by Wayne Label