Find a copy in the library
Finding libraries that hold this item...
Details
Document Type: | Book |
---|---|
All Authors / Contributors: |
Mike Piper |
ISBN: | 9780981454221 0981454224 |
OCLC Number: | 840822239 |
Description: | 97, 6 unnumbered pages ; 21 cm |
Contents: | Introduction : What is accounting ? -- Financial Statements. Accounting equation : Always true, no exceptions ; Owners' equity is just a plug ; My asset is your liability -- Balance sheet : It's a snapshot ; Assets ; Liabilities ; Equity ; Current assets and liabilities vs. long-term assets and liabilities ; Two-period balance sheets -- Income statement : Shows period of time rather than point in time ; Gross profit and cost of goods sold ; Operating income vs. net income -- Statement of retained earnings : Bridge between financial statements ; Dividends are not an expense! ; Retained earnings : not the same as cash -- Cash flow statement : As opposed to income statement ; Cash flow from operating activities ; Cash flow from investing activities ; Cash flow from financing activities -- Financial ratios : Liquidity ratios ; Profitability ratios ; Financial leverage ratios ; Asset turnover ratios -- Generally Accepted Accounting Principles (GAAP). What is GAAP? : Who has to follow GAAP? -- Debit and credits : Double-entry system ; The general ledger ; T-accounts ; The trial balance -- Cash vs. accrual : Cash method ; Accrual method ; Prepaid expenses ; Unearned revenue -- The accounting close process : Closing journal entries -- Other GAAP concepts & assumptions : Historical cost ; Materiality ; Money unit assumption ; Entity assumption ; Matching principle -- Depreciation of fixed assets : Straight-line depreciation ; Accumulated depreciation ; Salvage value ; Gain or loss on sale ; Other depreciation methods ; Expensing immaterial purchases -- Amortization of intangible assets : What are intangible assets ; Straight-line amortization ; Legal life vs. expected useful life -- Inventory & CoGS : Perpetual method ; Periodic method ; Calculating cost of goods sold ; FIFO vs. LIFO ; Average cost method -- Conclusion: The humble little journal entry. |
Responsibility: | Mike Piper. |
Abstract:
"This text is intended to be a high-level introduction to accounting/bookkeeping"--Preliminary page.
Reviews
User-contributed reviews
Add a review and share your thoughts with other readers.
Be the first.
Add a review and share your thoughts with other readers.
Be the first.


Tags
Add tags for "Accounting made simple : accounting explained in 100 pages or less".
Be the first.
Similar Items
Related Subjects:(1)
User lists with this item (1)
- Things to Check Out(11 items)
by rickalex21 updated 2020-04-06