Accounting Demystified

( 1 )

Overview

"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 ...

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Overview

"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 Demystified provides 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 Demystified serves as a valuable primer on the basics of accounting and the purposes they serve."

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Editorial Reviews

The Ft.Worth Star-Telegram
He [the author] transorms a complex and potentially intimidating subject into something understandable.
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Product Details

  • ISBN-13: 9780814407905
  • Publisher: AMACOM Books
  • Publication date: 11/24/2003
  • Edition number: 1
  • Pages: 192
  • Sales rank: 373,762
  • Product dimensions: 6.00 (w) x 9.00 (h) x 0.41 (d)

Meet the Author

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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Table of Contents

"Acknowledgments

1. Introduction

2. Financial Statements

3. The Accounting Process

4. Making the Entries

5. Assets

6. Cash

7. Accounts Receivable

8. Inventory

9. Prepaid Expenses

10. Other Receivables

11. Fixed Assets

12. Intagnible Assets

13. Liabilities

14. Accounts Payable

15. Other Payables

16. Owner’s Equity

17. Merchandising Companies

18. Adjusting and Closing Entries

19. Specialized Journals

20. Statement of Cash Flows

21. Ratio Analysis

...and more!

Glossary"

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Customer Reviews

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Sort by: Showing 1 Customer Reviews
  • Anonymous

    Posted November 9, 2003

    fear of basic accounting vanquished

    my accounting class felt more like Mandarin Chinese for the English speaker than basic accounting. THis booki helped clarify defintions and procedures so that I could pay attention to the material presented in class. It is agreat tool and a shortcut for long boring texts.

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