If you are an entrepreneur, business manager, small business owner, sole proprietor, manager of an NGO, employee, employer, investor, student or anyone else who spent and earn money deserve the right to understand basic accountancy and bookkeeping terms. In order to discuss business with your bookkeeper, accountant, bank, employees or business partners you need to understand the language. In order to borrow money from bank or any other financing source you will need first to present the financial statement of your business. This book meant to teach non-accountants accounting in a very simple and easy way.
By reading this book you will:
1.Understand accounting and bookkeeping concept
2.Know how to interpret and record financial transactions in accounting books
3.Know how to record transactions in the general ledger, general journals and all types of cash books
4.Know how to balance cash books and prepare a bank reconciliation statements
5.Learn how to prepare these financial statements: Payment and receipt, income statement, Balance sheet, capital statement and the cash flow statement using real world examples.
6.Learn about different business forms and how they are operated especially in financial reporting and taxation
7.Learn the principles of accounting and how they are applied
8.Learn about depreciation, amortization and depletion and how to record such transactions in the journals.
9.Get introduced to this scarce topic the payroll.
10.The book won’t close without teaching you about financial auditing and much more.
The book take simple approach with an aim of making bookkeeping and accounting possible for everyone to learn and apply the knowledge in their business or personal financial life. The simple language is intentionally used in the book to keep non-accountants grounded and easily follow the book.
By reading this book you will:
1.Understand accounting and bookkeeping concept
2.Know how to interpret and record financial transactions in accounting books
3.Know how to record transactions in the general ledger, general journals and all types of cash books
4.Know how to balance cash books and prepare a bank reconciliation statements
5.Learn how to prepare these financial statements: Payment and receipt, income statement, Balance sheet, capital statement and the cash flow statement using real world examples.
6.Learn about different business forms and how they are operated especially in financial reporting and taxation
7.Learn the principles of accounting and how they are applied
8.Learn about depreciation, amortization and depletion and how to record such transactions in the journals.
9.Get introduced to this scarce topic the payroll.
10.The book won’t close without teaching you about financial auditing and much more.
The book take simple approach with an aim of making bookkeeping and accounting possible for everyone to learn and apply the knowledge in their business or personal financial life. The simple language is intentionally used in the book to keep non-accountants grounded and easily follow the book.
