By Leita Hart
Accounting details and assistance you could take to the bank!
You won't comprehend first thing approximately debits, credit, and money ratios now―but while you’re performed with this booklet, you’ll be capable of juggle earnings and losses together with your eyes closed and skim any stability sheet like it’s a superb novel.
Accounting DeMySTiFieD, moment version, is a curriculum-based, self-teaching consultant that makes studying accounting more uncomplicated than 1-2-3. With graphs, plain-English reasons, and real-life examples, it begins with the fundamentals―such as easy monetary phrases, stability sheets, and funds move statements―and eases you into the extra complex stuff, like adjusting entries, double access bookkeeping, revenue ratios, and liquidity.
Completely up to date and revised to hide finance phrases, theories, and most sensible practices, Accounting DeMySTiFieD teaches you the fine details of accounting very quickly at all.
This quick and simple consultant features:
- A entire evaluate of economic statements, GAAP principles, transactions, price, budgets, and tax accounting
- Proven accounting insights, counsel, concepts, and strategies
- Chapter-ending perform routines, quizzes, and ultimate examination to enhance your wisdom and chart development
- Tons of examples to teach how accounting works within the genuine world
Simple adequate for a newbie yet tough adequate for a extra complex scholar, Accounting DeMySTiFieD is your shortcut to mastery of this differently advanced subject.
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Additional info for Accounting Demystified
In the ideal world, this investment of resources is minimal. The best businesses in the world are the businesses where we put a little in and get a whole lot out. Wouldn’t it be great if you could just invest 10 cents in a business yet make 5 dollars when you sold your product? qxp 7/18/2006 11:00 PM Page 23 CHAPTER 2 The Balance Sheet So, now let’s consider the cash component. I see cash in two categories: dayto-day cash and rainy-day cash. Rainy-day cash is sort of like your reserve in case of emergency or in case of some cool business opportunity.
We can equate that to long-term debt. ) to finance operations. You can very loosely equate that to stock or equity financing. You prefer to make your own money and pay your own way. In this way, you are not beholden to anyone. This can be equated to retained earnings. qxp 7/18/2006 11:00 PM Page 20 20 PART ONE The Big Picture What Is Venture Capital? Venture capital is a contribution of money or resources by someone who believes your company will grow and prosper. Venture capital is usually structured in part like debt and in part like stock or equity.
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Accounting Demystified by Leita Hart