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Accounting Demystified Book

Accounting Demystified
Accounting Demystified, Accounting is truly the language of business. Success or failure is measured in dollars, but in order to make good decisions, you need to understand how finances drive business realities and become fluent in the essential elements of the accounting proce, Accounting Demystified has a rating of 4.5 stars
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Accounting Demystified, Accounting is truly the language of business. Success or failure is measured in dollars, but in order to make good decisions, you need to understand how finances drive business realities and become fluent in the essential elements of the accounting proce, Accounting Demystified
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  • Accounting Demystified
  • Written by author Jeffry R. Haber
  • Published by AMACOM, July 2008
  • "Accounting is truly the language of business. Success or failure is measured in dollars, but in order to make good decisions, you need to understand how finances drive business realities and become fluent in the essential elements of the accounting proce
  • For new students of accounting, entry-level accounting professionals, and business professionals whose own work relates directly to the numbers on the ledger, a basic understanding of core accounting functions and documents is critical. Accounting Demy
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Book Categories

Authors

Acknowledgments
Chapter 1   Introduction
Chapter 2   Financial Statements

Income Statement
Statement of Retained Earnings
Balance Sheet
Summary
Chapter 3   The Accounting Process
Journalize
The Accounting Equation
Post
Trial Balance
Finding Errors
Rest of the Process
Summary
Chapter 4   Making the Entries
Analogies to Personal Life
Some Examples
Summary
Chapter 5   Assets
Chapter 6   Cash
Petty Cash
Bank Reconciliation
Chapter 7   Accounts Receivable
Control Account/Subsidiary Ledger
Bad Debts
Direct Write-off Method
Allowance Method
Chapter 8    Inventory
Specific Identification
First-In, First-Out
Last-In, First-Out
Weighted Average
Things to Keep in Mind
Chapter 9    Prepaid Expenses
Chapter 10    Other Receivables
Loan Term
Interest
Entries
Chapter 11   Fixed Assets
Land
Land Improvements
Leasehold Improvements
Buildings
Equipment and Machinery
Furniture
Fixtures
Vehicles
Depreciation
Straight-Line Depreciation
Declining-Balance Depreciation
Partial-Year Depreciation
Retirement
Asset Sale
Chapter 12    Intangible Assets
Chapter 13    Liabilities
- Overview
- Unearned Revenue
- Accrued Expenses
Chapter 14   Accounts Payable
Chapter 15    Other Payables
Interest Payable
Rent Payable
Taxes Payable
Salaries Payable
Payroll Taxes Payable
Chapter 16   Stockholders' Equity
Types of Stock
Common Stock
Recording the Issuance
Treasury Stock
Dividends
Chapter 17    Merchandising Companies
Perpetual Inventory System
Periodic Inventory System
Discounts for Early Payment
Side-by-Side Comparison of the Perpetual and Periodic Systems
Chapter 18    Adjusting and Closing Entries
Payroll Accrual
Reversing Entries
Interest Expense
Unearned Revenue
Prepaid Expenses
Closing Entry
Chapter 19    Specialized Journals
Cash Receipts
Cash Disbursements
Purchases Journal
Sales Journal
Payroll Journal
Chapter 20   Statement of Cash Flows
Direct Method
Indirect Method
Chapter 21    Ratio Analysis
Horizontal and Vertical Analysis
Ratio Analysis
Liquidity Ratios
Efficiency Ratios
Profitability Ratios
Summary
Index


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