Accounting Demystified: A Self-Teaching Guide

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9780071450836: Accounting Demystified: A Self-Teaching Guide

There’s no easier, faster, or more practical way to learn the really tough subjects

Accounting Demystified provides you with a working knowledge of accounting basics, covering financial, cost, budget, and tax accounting. This self-teaching guide comes complete with key points, background information, quizzes at the end of each chapter, and even a final exam. Simple enough for beginners but challenging enough for advanced students, this is a lively and entertaining brush-up, introductory text, or classroom supplement.

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From the Back Cover:

Translate the complex language of accounting and make the numbers work for you!

You may not know the first thing about debits, credits, and cash ratios. But after reading Accounting Demystified, you'll enter your next finance meeting knowing what questions to ask and how the answers will affect the bottom line. You'll understand double-entry bookkeeping, what key financial statements and reports are telling you, how and why to conduct a financial analysis, and more.

This step-by-step guide makes it easy to learn accounting, with clear graphs, plain-English explanations, and examples from well-known corporations and nonprofits, along with chapter-ending quizzes and a 100-question final exam. From balance sheets and cash flow statements to adjusting entries, profit ratios, and liquidity, it will give you the knowledge you need to understand crucial financial terms and metrics, and enhance both your on-the-job performance and career success.

Accounting Demystified is your shortcut to knowing what the numbers are really saying, and using that valuable knowledge to immediately improve your decision-making

Here's some of what you'll learn in this book, all explained in a reader-friendly style:

  • The balance sheet, income statement, and cash flow statement
  • Cost, budgetary, and tax accounting systems
  • The 10-Q (quarterly) and 10-K (annual) reports
  • Debits versus credits
  • Inventory valuation
  • Adjusting entries
  • Profit margins, working capital, and cash flow

About the Author:

Leita Hart, CPA (Austin, TX) is a certified government financial manager and author of more than 20 courses on accounting, auditing, business writing, and balanced scorecard management.

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