Accounting Demystified

Front Cover
AMACOM Div American Mgmt Assn, 2004 - Business & Economics - 176 pages
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"Accounting is truly the language of business. Success or failure is measured in dollars, but in order to make good decisions, you need to understand how finances drive business realities and become fluent in the essential elements of the accounting process.

ACCOUNTING DEMYSTIFIED tells you all you need to know about the numbers that drive business. The book uses examples of typical business situations to demonstrate basic financial concepts, including:

* The accounting process

* Financial statements

* Making entries

* Accounts payable and accounts receivable

* Cashflow statements

* Fixed and intangible assets

* Inventory

* Liabilities

* Adjusting and closing entries

* Prepaid expenses

*Preparing a bank reconciliation

* Accounting information systems

* Stockholders equity

* Ratio analysis

ACCOUNTING DEMYSTIFIED transforms a complex and potentially intimidating subject into something anyone can easily comprehend. This useful resource helps you understand the basics of accounting and gives you access to an essential part of any business equation.

For new students of accounting, entry-level accounting professionals, and business professionals whose own work relates directly to the numbers on the ledger, a basic understanding of core accounting functions and documents is critical. Accounting Demystifiedprovides a simple and straightforward description of universal elements of the accounting process, plus accessible tutorials in creating, interpreting, and using financial statements. Haber’s clear language will let readers:

* understand accounting basics

* find errors quickly

* prepare accurate financial statements

* analyze financial documents

* determine the financial health of a business

* prepare a financial prospectus for potential investors and lenders

From the classroom to the back room to the board room, Accounting Demystifiedserves as a valuable primer on the basics of accounting and the purposes they serve."

 

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Almost full book ! Nice for a quick refreshment.. especially for vocab blackouts

Contents

Financial Statements
4
The Accounting Process
13
Making the Entries
25
Cash
32
Chapter Accounts Receivable
41
Chapters Inventory
52
Prepaid Expenses
66
Fixed Assets
72
Stockholders Equity
99
Merchandising Companies
107
Adjusting and Closing Entries
118
Specialized Journals
129
Statement of Cash Flows
136
Ratio Analysis
143
Glossary
151
Index
167

Intangible Assets
85
Accounts Payable
92

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About the author (2004)

JEFFRY R. HABER is a Certified Public Accountant and financial, strategic, and tax consultant, and an assistant professor at Iona College. He is also the founder and former president of SUDZ Laundromats, Inc. He lives in Brooklyn, New York.

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