Learn Basic Accounting Fast & Easy!

By Logan Musil

Wouldn't it be great if learning basic accounting was fast and easy?That's what this short book is all about.Fast-60 minutes or less. Easy-like keeping score. Bite-sized lessons. Simple illustrations. No prerequisites.Master accounting basics by building on what you already know-how to add up points scored by a team! We start out with a one-hour-or-less crash course. We add up points for a few games, and before you know it you've mastered accounts, ledgers, double-entry accounting and the accounting equation! We then switch gears to real-world accounting, where points become dollars. Before long you'll be a pro at basic accounting! Some of the essentials you'll learn in no time:* The purpose of accounting: What is the score?* Accounts and ledgers: Keeping score the easy way* Double-entry accounting: One game, many points* The accounting equation: Keeping score for teammates and me* How to record transactions using the accounting equation and double-entry accounting: Just like adding up points (for games), but with dollars (for transactions)* Debits & credits: It's that easy?!* How to prepare financial statements:* Balance sheet: The today pictureo Assets: How much do we own-today'o Liabilities: How much do we owe-today'o Owners' equity: How much is left over-today?* Income statement: The annual pictureo Revenues: How much did we make-this year'o Expenses: How much did we spend-this year'o Net income: How much did we profit-this year?

• Format: Paperback
• Language: English
• ISBN: 1515193160
• ISBN13: 9781515193166
• Release Date: July 2015
• Publisher: CreateSpace Independent Publishing Platform
• Length: 94 Pages
• Weight: 0.30 lbs.
• Dimensions: 8.0" x 0.2" x 5.0"