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Chapter Overview
Chapter 1: AudiobookHub Recommendation
Chapter 2: The fundamental accounting equation gauges a company’s financial position using assets, liabilities, and owner’s equity.
Chapter 3: The accounting equation underpins and structures your firm’s balance sheet.
Chapter 4: The income statement records a company’s financial performance throughout a defined, specified time period.
Chapter 5: The cash flow statement documents a company’s inflows and outflows of cash.
Chapter 6: Compute financial ratios to assess your company’s financial health.
Chapter 7: Accountants log each transaction with a specialized double-entry system.
Description
Accounting Made Simple (2013) provides a brief introduction to the fundamentals of accounting, illustrating how to read the most important financial statements and draw a conclusion about the numbers. It also outlines the double-entry ledger system, a hallmark of accounting best practices.
Who Should Listen
- Small business owners curious about the fundamentals of accounting
- People who want to be able to read and understand a financial statement
- Anyone who wants to know about the basic aspects of accounting