Accounting for Non-Accountants, 3E: The Fast and Easy Way to by Wayne Label

By Wayne Label

A quickly, Compact, and Easy-to-Understand source for Non-Accountants

Accounting for Non-Accountants is the must-have advisor for we all who've by no means taken an accounting type, are mystified by means of accounting jargon, and feature no clue approximately stability sheets, source of revenue statements, or statements of money flows.

Whether you personal a company, plan on beginning one, or simply are looking to keep watch over your individual resources, you can find every little thing you want to know:

•How to organize and use monetary statements
•How to regulate funds flows
•How to control budgets
•How to take advantage of accounting ratios to
•How to house audits and auditors interpret monetary statements

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

"Dr. Labels reasons are basic and simple. "
"This might help me much as I organize my very own company. "
"I have labored in accounting for over twenty-five years, and this can be the easiest booklet i've got visible to aid individuals with the fundamentals of accounting."

For marketers or somebody who must brush up on accounting quick, this e-book could have you up and operating in no time.

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Accounting for Non-Accountants, 3E: The Fast and Easy Way to Learn the Basics (Quick Start Your Business)

A short, 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 category, are mystified via accounting jargon, and feature no clue approximately stability sheets, source of revenue statements, or statements of money flows.

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Extra info for Accounting for Non-Accountants, 3E: The Fast and Easy Way to Learn the Basics (Quick Start Your Business)

Sample text

Long-Term Assets Long-Term Assets (also called Non-Current Assets) are not expected to be converted to cash or totally “used up” in a year or less. Rather, they are expected to be of value to the company for more than a year. Long-Term Assets would include equipment, land, and buildings. Intangible Assets Intangible Assets are Assets that cannot be physically touched. They must still meet the three tests mentioned earlier in order to be listed on the Balance Sheet as an Asset; however, they do not have any tangible characteristics.

Planning and Control Advantages of Budgeting Master Budget Sales Budget Capital Budget Budgeted Income Statement Cash Budget Chapter 11: Audits and Auditors What Is an Audit? Types of Auditors The Standard Audit Opinion Illustrated Parts of the Report Other Types of Audit Reports Why Audits Are Useful to You Other Services Provided by Auditors Chapter 12: Fraud and Ethics Fraud Defined What Causes Fraud How Fraud Is Committed Why Do Employees Steal? What Can You Do to Prevent Fraud in Your Organization?

The Income Statement shows all of the Revenues of the company less the Expenses, to arrive at the “bottom line,” the Net Income. The Statement of Cash Flows shows how much cash we started the period with, what additions and subtractions were made during the period, and how much cash we have left over at the end of the period. The Statement of Retained Earnings shows how the balance in Retained Earnings has changed during the period of time (year, quarter, month) for which the financial statements are being prepared.

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