You’re running a business however, you’re not an accounting expert? Who is, unless you’re a CPA? Then accounting for dummies is the book for you. Accounting for dummies will teach you the fundamentals of bookkeeping. You’ll get up to speed with the essential accounting concepts fast. This book will provide you with all the tools you’ll need to stay on top of your inventory management, understand income and expense reports as well as keep an eye out for accounting fraud.
Accounting for dummies is written for both private and public companies. It’s an excellent book for learning the ins and outs of profit margins, budgeting and other vital business metrics. The book gives you the knowledge you need to measure your business strengths and areas where your business needs improvement.
Accounting For Dummies is broken down in 5 major parts containing a total of 17 chapters.
Chapters 1 to 3 open up the book with the role accounting plays in business, investing, finance, and taxes.
Chapters 2 and 3 introduce general accounting topics like financial statements, bookkeeping and accounting systems.
Then chapters 4 to 7 explain the different reporting for financial statements including revenue, expenses, bottom line, assets, liabilities, equity, and cash flows.
Chapters 8 to 11 define the role of accounting in managing your business. From your business’ legal structure to margin profit analysis, financial planning, costs and setting budgets.
Chapters 12 to 15 deal with financial reports. They go into details on how to prepare and release them to how investors and lending institutions read them. Here the author also touches on how business managers use financial reports and closes this section of the book by discussing audits and fraud.
The last section of Accounting For Dummies has two practical chapters. Chapter 16 presents ten accounting tips for managers and chapter 17 give you ten tips for reading financial reports.
This book is excellent for business owners who are not accountants but need to get a better understanding of the language of business which is accounting. This will help business owners get a much better idea of the health of their company and most importantly communicate effectively with their accountant to optimize both business performance and taxes. Click to Buy.
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