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

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By Wayne Label

ISBN-10: 1402273045

ISBN-13: 9781402273049

A speedy, 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 classification, are mystified via 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 regulate your individual resources, you will find every thing you must know:

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

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

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

For marketers or an individual who must brush up on accounting quick, this booklet can have you up and working in no time.

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Additional resources for Accounting for Non-Accountants, 3E: The Fast and Easy Way to Learn the Basics

Example text

One example of a place in the financial statements where we estimate the value is with depreciation. Once we purchase a Long-Term Asset (anything that the company owns that will last longer than one year; for example, a building), we then need to spread the cost of this building over the life of the Asset. This is called depreciation. In order to do this we must estimate the life of that particular Asset. We can’t know exactly how long that will be, but since we do have experience with these types of Assets, we can estimate the Asset’s life.

In your personal life you can use accounting information to make decisions about investing in the stock market, applying for a loan, and evaluating potential jobs. Banks use accounting information to make decisions about granting loans. Government agencies base their regulations on accounting information. Accounting information can even be useful to non-business entities with an interest in how businesses affect local, national, or foreign communities and community members. Businesses use accounting information for planning and budgeting and for making decisions about borrowing and investing.

How Different Business Entities Present Accounting Information Proprietorships are businesses with a single owner like you and me. These types of businesses tend to be small retail businesses started by entrepreneurs. The accounting for these proprietorships includes only the records of the business—not the personal financial records of the proprietor of the business. Partnerships are very similar to proprietorships, except that instead of one owner, there are two or more owners. In general most of these businesses are small to mediumsized.

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


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