Accounting for Non-Accountants: The Fast and Easy Way to by Wayne Label

By Wayne Label

A speedy, Compact, and Easy-to-Understand source for Non-Accountants

Accounting for Non-Accountants is the must-have consultant for we all who've by no means taken an accounting category, are mystified through accounting jargon, and feature no clue approximately stability sheets, source of revenue statements, or statements of money flows.

Whether you personal a enterprise, plan on beginning one, or simply are looking to keep an eye on your individual resources, you'll locate every thing you must know:

•How to arrange and use monetary statements
•How to manage money flows
•How to regulate budgets
•How to exploit accounting ratios to
•How to house audits and auditors interpret monetary statements

Let this booklet assist you love it helped those readers:

"Dr. Labels motives are uncomplicated and simple. "
"This may help me much as I arrange my very own company. "
"I have labored in accounting for over twenty-five years, and this is often the simplest booklet i've got noticeable to assist individuals with the fundamentals of accounting."

For marketers or somebody who must brush up on accounting speedy, this booklet may have you up and working in no time.

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Additional info for Accounting for Non-Accountants: The Fast and Easy Way to Learn the Basics (3rd Edition)

Example text

Current Income Taxes Payable . . . . . . . . . . . . . . . . Income Statement Items Cost of Sales . . . . . . . . . . . . . . . . . . . . . . Income Tax Expense . . . . . . . . . . . . . . . . . . . Other (Nonoperating) Expense . . . . . . . . . . . . . . . . Sales . . . . . . . . . . . . . . . . . . . . . . . . . Research & Development Expenses . . . . . . . . . . .

Other Noncurrent Assets . . . . . . . . . . . . . . . . . . Long-Term Investment Securities . . . . . . . . . . . . . . . Inventories . . . . . . . . . . . . . . . . . . . . . . Long-Term Debt . . . . . . . . . . . . . . . . . . . . . Other Noncurrent Liabilities . . . . . . . . . . . . . . . . . Other Shareholders’ Equity Items . . . . . . . . . . . . . . . Accounts Receivable . . . . .

Retained Earnings, February 3, 2007 . . . . . . . . . . . . . . . . . . . $1,404,366 677,999 (110,158) (621,527) $1,350,680 STATEMENT OF CASH FLOWS The third principal financial statement, the statement of cash flows (also called the cash flow statement) reports information about cash generated from (or used by) operating, investing, and financing activities during specified time periods. The statement of cash flows shows where the firm obtains or generates cash and where it spends or uses cash.

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