Accounting FORDUMmIES‰4THEDITION Accounting FORDUMmIES‰ 4THEDITIONBy John A. Tracy, CPA Accounting. Download Intermediate Accounting For Dummies ebook free by Maire Loughran in pdf/epub/mobi. Amer Inst. Cert. Public Accountants, Accountants' index: A bibliography of accounting literature to Dec. , NY, PDF site EPub, Free, UToronto.
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Your plain-English guide to navigating a financial accountingcourse Despite the economic landscape and job market, demand foraccountants remains strong. Full PDF Accounting All-in-One For Dummies, All Ebook Accounting All-in-One For Dummies, PDF and EPUB Accounting All-in-One For Dummies, PDF ePub. PDF Drive is your search engine for PDF files. As of today we have 78,, eBooks for you to download for free. No annoying ads, no download limits, enjoy .
You will learn: The precise meaning of the essential accounting terms The purpose of the income statement, balance sheet and cash flow statement The differences between cash based and accrual based accounting The 'revenue recognition' principle and the 'matching' principle How depreciation, prepayments and bad debt are allowed for I Was Never One for Finance Like any manager, my focus was on getting the best out of my team and improving the bottom-line of the company.
As a result, I was constantly devising strategies and plans to enhance productivity and commitment. I was never one for finance.
My aim was to make my team the best in the organization. Yet, at my position, I could no longer ignore the importance of accounting statements of the company.
The people in finance kept trying to explain what the statements showed but I didn't learn too much from them. Their eBook on Accounting Principles takes the technical aspect out of financial statements and strips them down to their bare bones. For a non-accounting person like me, this is something very important.
Now I have a clear idea of what the three major statements, i. Not only that, I can measure the performance of my team in terms of tangible numbers, something I previously used to overlook.
Perhaps the most important thing I realized was how the company spent cash. I never paid much attention to the spending and income simply because I didn't have the time or inclination for it. When I finally got around to seeing it, I saw the company wasn't in the best shape with regards to cash flow. We were spending much more than the cash we had on hand.
After reading Accounting Principles, I started working in tandem with the accountants to find ways to curb the outflow of cash. This is an achievement for someone unfamiliar with even the basic accounting concepts before then. In the current economic climate, it is important for business managers to have a keen insight into the accounting aspect of their company.
Maintaining a healthy cash flow balance is as important as retaining profitability. I learned my lesson and so should you.
At first, I thought that the eBook was too basic in terms of execution. It gave a primer on the main financial statements but didn't elaborate in much detail. This was something I felt was lacking in the eBook. It was later that I saw that Free Management eBooks had several more eBooks on finance and accounting Skills on their website. Coming back to my experience, I also learned the meanings of a few basic, yet important accounting terms and principles.
For instance, I had no idea what accrual based accounting was but I do now. Same goes for the revenue recognition and matching principles of accounting. I was confused about the expenses which have to be accounted for yet where no money is being spent, like depreciation and bad debts. Let alone understand how they are shown in the accounts, I didn't have a clue why they were termed as expenses in the first place.
I am to the point in my career where it's time to dive into the accounting world if I want to be promoted. Because I thought that accounting was so complex, I have always let others take over that aspect of the business.
I really needed a basic book with terms simply defined so that an average person, without an accounting background, could understand. Thankfully for my career, I have found it! This book is free and only 30 pages long. It does not get any more simplistic than that. Before this book, I could not tell you what an income statement, balance sheet, or statement of cash flow was.
This book did an excellent job of defining each of those. If you need to learn even more about income statements, balance sheets, or statements of cash, there are specific books related to each of those found on the same website as this book. The book begins with income statements.
Although it sounded really complex, it was actually very simple to understand. Using a business that I could understand as an example was a simple way of clarifying the details of an income statement.
First, the book explained the basic terms to start with. Revenue, expenses, and net income were all easily defined and then turned into an equation that I could understand.
О книге "Accounting For Dummies"
The book then went on to describe cash accounting and accrual accounting. Cash accounting is simply recording the money when it is actually received or paid out from your bank account but should only be used by small businesses.
Accrual accounting is used for most businesses. Accrual accounting uses invoice sent out as "sales" even if they have not been paid yet. It also considers expenses during the period, but not when it is actually paid out. Accrual accounting seems a little more complex to me, but because of this book I was able to comprehend it. The author goes above and beyond to define the term and then use and example to help you better understand it.
This book also helps you clearly decide which type of accounting you should be doing. If you have a simple small business you may go for cash accounting.
Cash accounting has some limitations that are easily defined.
Understanding the advantages and disadvantages can help you decide what type of accounting that you need to use. There is a section of the book that contains 14 terms that are used in basic accounting.
Some of them I had actually heard of while others I had not. Either way, when I completed this book I was able to speak about each of these terms in an educated manner. I want to encourage anyone who needs to learn the basics of accounting to read this book.
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No Downloads.Wiley also publishes its books in a variety of electronic formats. If a business is in the middle of bankruptcy proceedings, the accountant changes focus to the liquidation values of its assets. Using a business that I could understand as an example was a simple way of clarifying the details of an income statement. Although these employees may have good skills and instincts, my experience has been that they tend to do things by the book; they often lack the broader perspective necessary for improvising and being innovative.
You can simply leapfrog over these sections without missing a beat.