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| Category: Business:Small Business And Entrepreneurs | |
| About the Book | |
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This book provides an easy to read, concise introduction to accounting. The book is designed to help small business owners, accounting students, bookkeepers and non profit managers grasp the fundamentals they need to interpret and analyze financial statements. No prior accounting or business background is needed to understand the material in this book. Topics Covered The Fundamental Accounting Equation Debits and Credits Recording Transactions Cash versus Accrual Accounting Receivables and Payables Deferred Revenue and Prepaid Expenses Fixed Assets and Depreciation Inventory and Cost of Goods Sold Adjusting and Closing the Books Compiling the Financial Statements Gauging the Reliability of Financial Statements
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| Reviews | |
For the person who has no knowledge of accounting and wants to understand the very basics this book is indeed a good brief introduction…explained at a level that a reader with no previous knowledge of accounting can follow. Michael has written an engaging and thoroughly readable overview of the accounting process so that you can actually understand it! An easy to read, enjoyable guide to the basic principles that underpin accounting systems in businesses. Particularly useful in an educational setting as a supplementary reading to a technical textbook.
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| About the Author | |
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Mike is a CPA and Certified Valuation Analyst with over forty years of accounting and appraisal experience. He is the author of "Goodwill in Small Service Businesses: Negotiating a Fair Price" and "Time Value of Money: Concepts, Applications and Formulas . He maintains a business appraisal practice in Miami, Florida. |