Financial Accounting Essentials You Always Wanted To Know


Vibrant Publishers is providing the average person with the background to understand those aspects of business that are usually passed down the line to a paid accountant. Now, not that all businesses should do without accounting firms - far from that. This book is for the small business person who is working with a small staff and needs to keep as much of the business work in-house as possible. That is where these concise, very well written books fill a tremendous void. `The Self-Learning Management Series intends to give a jump start to working professionals whose job roles demand to have the knowledge imparted in B-school but haven't got the chance to visit one.' So reads the package insert.

So where does this Book #1 start? From the top! Author Kalpesh Ashar outlines the following: Understanding of Financial Accounting Terms; Need, nature and purpose of Financial Statements; Audience of Financial Statements; Balance Sheet; Income Statement; Statement of Cash Flow.' Sound basic? Then the teacher has the right student!

Ashar opens with the definition - `an accounting system helps capture and organize information related to business transactions.' From there her takes us through the basic fundamentals of accounting, testing us at every phase, offering problem - then their solutions - and by the end of the book even the most inexperienced beginner will understanding of individual items in Financial Statements, feel competent reading and understanding Balance Sheet, Income Statement and Statement of Cash Flows and how to preparing Balance Sheet, Income Statement and Statement of Cash Flows. He accomplishes that and makes the case for self-learning a very strong one. Grady Harp, November 12
Date Added: 07/22/2013 by Grady Harp