Accounting for Non-Accountants: The Fast and Easy Way to - download pdf or read online

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 type, are mystified by way of 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 keep an eye on your personal resources, you'll locate every thing you must know:

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

Let this booklet assist you love it helped those readers:

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

For marketers or an individual who must brush up on accounting quickly, this e-book can have you up and working in no time.

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Read Online or Download Accounting for Non-Accountants: The Fast and Easy Way to Learn the Basics (3rd Edition) PDF

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

Example text

24 This resulted in a $20,000 net decrease in Weston’s accounts receivable for the current year. 25 Investing activities can also involve certain financial assets, such as portfolios of stocks and bonds. They can also include intangible assets, such as patents copyrights, and trademarks. 2 shows the cash effects of two investing activities. The first activity (the sale of land) resulted in cash proceeds of $18,000. The second activity (the purchase of equipment) resulted in a cash disbursement of $190,000.

Assume that an airline had received $50 million from advance ticket sales in a prior period. At the time these bookings were made, contracts had been established, the airline’s obligation was clearly identified, and contract prices were measurable. Nevertheless, the earnings process was not complete because travelers had not received any flight services. Thus, the airline deferred reporting these advance sales as revenue in the prior period. Instead, it reported a $50 million liability in its balance sheet signifying a future obligation to either provide flight services or return the money.

This means that for every dollar of assets financed by shareholders, management was able to generate slightly more than 21 cents in net income. The benchmark industry average is 18 cents, so it appears that Soges’ management team is fairly efficient at converting shareholder investment into profit. Notice return on equity is computed by dividing net income by a corporation’s average shareholders’ equity. For Soges, average shareholders’ equity was computed by adding its beginning shareholders’ equity ($575,000) to its ending shareholders’ equity ($900,000), and dividing the result by two.

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


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