Accounting DeMYSTiFieD - download pdf or read online
By Leita Hart
Accounting info and suggestions you could take to the bank!
You would possibly not comprehend the very first thing approximately debits, credit, and money ratios now—but when you are performed with this booklet, you can actually juggle earnings and losses along with your eyes closed and skim any stability sheet like it is a solid novel.
Accounting DeMySTiFieD, moment variation, is a curriculum-based, self-teaching advisor that makes studying accounting more uncomplicated than 1-2-3. With graphs, plain-English causes, and real-life examples, it starts off with the fundamentals—such as simple monetary phrases, stability sheets, and money move statements—and eases you into the extra complex stuff, like adjusting entries, double access bookkeeping, revenue ratios, and liquidity.
Completely up-to-date and revised to hide finance phrases, theories, and most sensible practices, Accounting DeMySTiFieD teaches you the bits and bobs of accounting very quickly at all.
This speedy and simple consultant features:
- A entire assessment of...
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Additional info for Accounting DeMYSTiFieD
So the first thing the owners do is stop paying utilities and rent. Next they give the employees a severance package and pay off vendors. Then they start selling all their goodies. What could a manufacturer sell? • Finished inventory • Raw materials inventory • Headquarters building • Manufacturing building • Manufacturing equipment • Office equipment • Accounts receivable • Investments • Patents or designs • Brand name of the company or product lines Factoring Accounts Receivable When you need cash fast, you might consider selling your accounts receivable—the amounts that others owe you.
A company pays dividends in order to distribute the wealth it has accumulated to its owners. Many companies do not pay dividends. A dividend is usually declared on a quarterly or annual basis and is meant to take the profit that the company made and pay it out in cash to the shareholders. In growth companies, the stockholders prefer that the company, instead of paying them the cash, take the extra profits and plow them back into the company. Still Struggling Current Stock Price Has No Impact on the Financials If the selling price of a stock triples because of a hot new product, the common-stock balance on the balance sheet doesn’t move.
But before you can even make that decision, you need to know what kind of information a basic accounting system can provide, and you need to understand the terminology behind it. I hate to tell you this, but accountants are not working at changing their tunes—or their terminology—any time soon. Mohammed (that’s you) is going to have to go to the mountain (that’s accounting terminology, information, and accountants). I am glad you have decided to take this journey with me. I will make the mountains into little, tiny, bumpy hills for you.
Accounting DeMYSTiFieD by Leita Hart