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Accounting Made Simple: Accounting Explained in 100 Pages or Less Mike Piper
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Est. delivery by Apr 20 - Apr 25
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A**a
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3w ago
A**a
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3w ago
j**s
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very simple but informative
4w ago
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Product description
This product is a comprehensive guide to financial accounting, written in plain English without any technical jargon. It explains the Accounting Equation and why it's significant, as well as how to read and prepare financial statements. The product also covers several different financial ratios, including the concept and assumptions behind Generally Accepted Accounting Principles (GAAP), which are the standards and principles that are generally accepted in accounting.
By learning how to read and prepare financial statements, you can gain a better understanding of the financial health of a company. This can be useful for making informed decisions about the company's future. Additionally, understanding the concepts and assumptions behind GAAP can help you interpret financial statements more accurately and make better financial decisions.
Preparing journal entries with debits and credits is an important part of accounting, as it helps to keep track of transactions and record them in a consistent and organized manner. This can be especially useful for businesses that need to keep track of a large number of transactions.
The cash method vs. accrual method is also covered in the product. The cash method is a method of accounting that records transactions as they occur, while the accrual method records transactions when they are due or payable. This can be important for businesses that have a lot of accounts payable or receivable.
Finally, the product covers inventory and cost of goods sold. This can be useful for businesses that have a lot of inventory or sell a lot of products. By understanding how to calculate depreciation and amortization expenses, you can help to manage the cost of the company's fixed assets and reduce the amount of taxes that are due.
Overall, this product is an excellent resource for anyone who wants to understand financial accounting in a clear and concise way. Whether you're a business owner, a financial analyst, or just someone who wants to understand the basics of accounting, this product is sure to provide you with valuable insights and knowledge.
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