Accounting Made Simpler Accounting Explained For Beginners(1st Edition)
Authors:
Benjamin Wann
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Book details
ISBN: 8856012490, 979-8856012490
Book publisher: Independently published (September 21, 2023)
Book Summary: Looking to gain a solid understanding of accounting without getting lost in technical jargon? Look no further than this easy-to-read guide that breaks down the core concepts of accounting in plain English. Discover the significance of the Accounting Equation and learn how to read and prepare financial statements. Explore the ins and outs of financial ratios and how to calculate and interpret them.Gain insight into the principles of Generally Accepted Accounting Principles (GAAP) and how they inform accounting practices. Learn how to prepare journal entries with debits and credits and understand the difference between the cash and accrual methods of accounting. Dive into the world of inventory and cost of goods sold, and explore how to calculate depreciation and amortization expenses. With clear explanations and practical examples, this book is the perfect resource for anyone looking to grasp accounting fundamentals.This book is written by Benjamin Wann, CMA, CSCA, MBA, PMP, and CPA, a practitioner with 10+ years of industry experience and education. Ben shares his knowledge and passion for accounting in a common-sense fashion.Each chapter includes links to comprehensive, detailed articles on each topic for those interested in continuing their education. In addition, every reader gets instant access to Ben's blog, with over 1,000 accounting articles!PART 1- Financial StatementsChapter 1- The Accounting EquationChapter 2 - The Balance SheetChapter 3- The Income StatementChapter 4- Retained EarningsChapter 5- Cash Flow StatementChapter 6- Financial RatiosPart 2- GAAPChapter 7- GAAP Generally Accepted Accounting StandardsChapter 8- Debits and CreditsChapter 9- Cash vs. AccrualChapter 10- Fixed Asset DepreciationChapter 11- Intangible Asset AmortizationChapter 12- Inventory & Cost of Goods Sold (COGS)Conclusion & Glossary
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