num_pages: 122
description:  ACCOUNTING MADE SUPER SIMPLE If your dream is to become an accounting professional and you are hopeless because you find accounting difficult THIS BOOK CAN CHANGE YOUR LIFE This book is for you if: You have spent hundreads of dollars on several books and coaching classes but still not clear about the basics of accounting. You are working as an accountant and feel your work is difficult since you dont have proper grasp over practical accounting. You are a non finance manager and wants to understand the basics of accounting in a short period of time. You are an entrepreneur and want to make yourself comfortable with the 'language of business'. Accounting is simple to understand if you master the thinking process required for accounting. I have seen students struggling in advance statges of accounting i have seen working professionals facing difficulty to understand advance concepts and i have been a victim myself. This is because we lack clarity in the fundamentals. It is rare to find an accounting book which is focoused on building basic thinking skills required to do accounting.This book doesn't dive deep into the advance accounting but it takes you back to the very foundations of accouinting. HOW THE CONTENT IS ARRANGED CHAPTER 1- Learn how accoutning equation is developed. CHAPTER 2- The simplest way to prepare journal entries. How to post the journals to general ledger. CHAPTER 3- Three most impartant accounting principles. CHAPTER 4- How to prepare a trial balance. What are the errors that escapes trial balance. CHAPTER 5- Make yourself absolutely comfortable with Adjusting entries like accurals prepaids etc. CHAPTER 6- Learn how to prepare a profit and loss account or income statement. CHAPTER 7- Learn how to prepare a Balance sheet. APPENDIX 1- Learn about other important accoutning principles APPENDIX 2- Depreciation. APPENDIX 3- Learn about Cost of Goods sold two types of inventory system and different types of cost assignment methods like LIFO FIFO WAC. APPENDIX 4- Complex adjustments related to accounts receivable made simple After reading this book you will develop below skills You will be able to understand the thinking process required to record a transaction. You will grasp the thinking process behind critical accounting principles such as accrual principle matching principle etc. You will be able to visualize Journal entries through journal painting(a concept introduced by me). 
language: None
title: ACCOUNTING BASICS- THINK LIKE AN ACCOUNTANT: A non-accountant's guide to accounting
publisher: None