Accounting Made Simpler

Accounting Explained For Beginners

Looking to gain a solid understanding of accounting without getting lost in technical jargon? Look no further than this easy-to-read guide that breaks down the core concepts of accounting in plain English. Discover the significance of the Accounting Equation and learn how to read and prepare financial statements. Explore the ins and outs of financial ratios and how to calculate and interpret them.

Gain insight into the principles of Generally Accepted Accounting Principles (GAAP) and how they inform accounting practices. Learn how to prepare journal entries with debits and credits and understand the difference between the cash and accrual methods of accounting. Dive into the world of inventory and cost of goods sold, and explore how to calculate depreciation and amortization expenses. With clear explanations and practical examples, this book is the perfect resource for anyone looking to grasp accounting fundamentals.

This book is written by Benjamin Wann, CMA, CSCA, MBA, PMP, and CPA, a practitioner with 10 years of industry experience and education. Ben shares his knowledge and passion for accounting in a common-sense fashion.

Each chapter includes links to comprehensive, detailed articles on each topic for those interested in continuing their education. In addition, every reader gets instant access to Ben's blog, with over 1,000 accounting articles!

PART 1- Financial Statements

Chapter 1- The Accounting Equation
CHAPTER 2 - The Balance Sheet
Chapter 3- The Income Statement
Chapter 4- Retained Earnings
Chapter 5- Cash Flow Statement
Chapter 6- Financial Ratios

Part 2- GAAP
Chapter 7- GAAP Generally Accepted Accounting Standards
Chapter 8- Debits and Credits
Chapter 9- Cash vs. Accrual
Chapter 10- Fixed Asset Depreciation
Chapter 11- Intangible Asset Amortization
Chapter 12- Inventory & Cost of Goods Sold (COGS)
Conclusion & Glossary

information

this book is very good in terms of giving you alot of information and making it simple for you to understand with good indepth knowledge

Amazing Start to Accounting for Beginners!

Was very simple and really helped me grasp a basic understanding of accounting! Obviously as the title says this is the simple version of accounting but it was a great start!

Repetitive nightmare

While some information is useful, most of the concepts are not explained sufficiently. For example, concepts are described with the definition, and when listing examples the definition is repeated.