Download e-book for kindle: Accounting for Non-Accountants: The Fast and Easy Way to by Wayne Label

By Wayne Label

ISBN-10: 1402273045

ISBN-13: 9781402273049

A speedy, 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 classification, are mystified via 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 personal resources, you'll locate every thing you must know:

•How to arrange and use monetary statements
•How to manage money flows
•How to regulate budgets
•How to take advantage of accounting ratios to
•How to accommodate audits and auditors interpret monetary statements

Let this e-book assist you love it helped those readers:

"Dr. Labels motives are basic and easy. "
"This can help me much as I manage my very own company. "
"I have labored in accounting for over twenty-five years, and this can be the simplest e-book i've got noticeable to aid individuals with the fundamentals of accounting."

For marketers or an individual who must brush up on accounting quick, this publication could have you up and working in no time.

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Read or Download Accounting for Non-Accountants: The Fast and Easy Way to Learn the Basics (3rd Edition) PDF

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Extra resources for Accounting for Non-Accountants: The Fast and Easy Way to Learn the Basics (3rd Edition)

Example text

In modern days, joint stock companies, be it private limited or public limited, has become the normal form of business. There are several parties interested in their financial statements ranging from shareholders, creditors, employees and Government to potential investors. If every business follows its own accounting practices, the final accounts may not be understandable to all such parties in a similar and uniform manner. Unless the accounting transactions are recorded according to certain definite principles, it becomes difficult to maintain uniformity of understanding.

For example, in case of sundry debtors not only the total amount of sundry debtors should be disclosed, but also the amount of good and secured debtors, the amount of good, but unsecured debtors and amount of doubtful debts should be stated. Full disclosure does not mean disclosure of each and every piece of information. Whether the information is required to be disclosed or not depends on the materiality of information. Materiality depends on the amount involved in relation to the group involved or profits.

The main motto of every business is to make maximum profits, at the earliest. Hence, every one tries to find out the cost and revenue during a particular accounting period and compare the financial results with preceding year to find out whether the business is progressing or going down. Unless the costs are associated Generally Accepted Accounting Principles 31 properly with the revenues of the corresponding period, misleading results would appear. It is necessary to match the revenues with the costs of that particular period to know the profit or loss during that period.

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Accounting for Non-Accountants: The Fast and Easy Way to Learn the Basics (3rd Edition) by Wayne Label

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