Read Online Learn Basic Accounting Fast & Easy! DOC
Wouldn't it be great if learning basic accounting was fast and easy?That's what this short book is all about.Fast--60 minutes or less. Easy--like keeping score.Bite-sized lessons. Simple illustrations. No prerequisites.Master accounting basics by building on what you already know--how to add up points scored by a team! We start out with a one-hour-or-less crash course. We add up points for a few games, and before you know it you've mastered accounts, ledgers, double-entry accounting and the accounting equation! We then switch gears to real-world accounting, where points become dollars. Before long you'll be a pro at basic accounting! Some of the essentials you'll learn in no time: * The purpose of accounting: What is the score? * Accounts and ledgers: Keeping score the easy way * Double-entry accounting: One game, many points * The accounting equation: Keeping score for teammates and me * How to record transactions using the accounting equation and double-entry accounting: Just like adding up points (for games), but with dollars (for transactions) * Debits & credits: It's that easy?! * How to prepare financial statements: * Balance sheet: The today pictureo Assets: How much do we own--today?o Liabilities: How much do we owe--today?o Owners' equity: How much is left over--today? * Income statement: The annual pictureo Revenues: How much did we make--this year?o Expenses: How much did we spend--this year?o Net income: How much did we profit--this year?
