Description
Book Synopsis: An informative, easy-to-use guide to accounting fundamentals and conceptsEveryone needs to budget money and manage costs, whether for groceries and everyday purchases, rent or mortgage, education, retirement, or even a business. Like it or not, accounting infuses most everything in life. From credits, debits, and basic bookkeeping to getting the most out of tax deductions and from reading or creating a business’ financial statement to better understanding accounting lingo, The Handy Accounting Answer Book can help anyone acquire the skills to start or run a business, plan for retirement, set money aside for a big purchase, establish everyday budgets, and improve their money management. Find out about the concepts and assumptions behind the Generally Accepted Accounting Principles. Understand tax returns and maximize write-off. Manage retirement account statements and find ways to improve their results. Learn how to create a business plan. Learn about a business’ financial ratios, cost of goods, depreciation, tax planning, recognizing revenue and expenses, financial audits, year-end closing the books, and other terms and rules. Maximize profits and improve personal or business bottom lines. Covering accounting fundamentals, concepts, and jargon, The Handy Accounting Answer Book is for everyone who wants to understand the language of money and business. It uses basic terms and simple examples to illustrate complex accounting topics and can help you make better decisions about your business or personal finances.
This handy primer answers nearly 800 questions and offers fun facts covering the basics of accounting, including …
- What is the earliest known form of accounting?
- What are the elements of financial statements?
- When is revenue recognized?
- What is accrual basis accounting?
- How does an accountant determine which asset account titles to use?
- What is goodwill?
- How many different types of financial statements are there?
- What is the basic accounting equation?
- How is operating income different from net income?
- How do you know if a company is doing well?
- What is the quick ratio?
- How is earnings per share evaluated?
- What is a journal entry?
- What is a purchase order?
- What is the fraud triangle?
- How is depreciation expense calculated and recorded?
- What is a franchise?
- What are the employer payroll taxes?
- What is indirect labor?
- How is a budget prepared?
- What is a revenue variance?
- What is contribution margin?
- What is the time value of money?
- What is one of the first things that must be done when starting a small business?
- What are some of the key components of a business plan?
- Can a business be successful if it doesn’t make a profit?
- What is a CPA?
- What happened at Enron?
For anyone planning for a business, retirement, college, or life in general, this informative book also includes a glossary of commonly used terms to cut through the jargon, a helpful bibliography, appendices providing examples of accountancy practices, and an extensive index, adding to its usefulness. It will help anyone’s financial intelligence!
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Are you tired of feeling lost when it comes to managing your finances? Look no further than The Handy Accounting Answer Book. This easy-to-use guide is packed with valuable information on accounting fundamentals and concepts that everyone needs to know. Whether you're balancing your personal budget or running a business, this book will help you navigate the ins and outs of accounting with ease.
With The Handy Accounting Answer Book, you'll learn everything from basic bookkeeping to maximizing tax deductions. Say goodbye to confusing financial statements and hello to a better understanding of accounting lingo. This book has got you covered on all fronts, whether you're planning for retirement, saving for a big purchase, or simply looking to improve your money management skills.
Don't let accounting intimidate you any longer. The Handy Accounting Answer Book breaks down complex topics into simple terms and uses easy-to-understand examples to illustrate key concepts. Whether you're a business owner or just someone looking to make smarter financial decisions, this book is your ultimate resource.
Ready to take control of your finances? Click here to grab your copy of The Handy Accounting Answer Book today!
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