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Description
—Amazon Reviewer
The Clearest Explanation Ever of the Key Accounting Basics
The world of accounting can be intimidating. Whether you’re a manager, business owner or aspiring entrepreneur, you’ve likely found yourself needing to know basic accounting…but baffled by complicated accounting books. What if learning accounting could be as simple and fun as running a child’s lemonade stand? It can.
The Accounting Game presents financial information in a format so simple and so unlike a common accounting textbook, you may forget you’re learning key skills that will help you get ahead! Using the world of a child’s lemonade stand to teach the basics of managing your finances, this book makes a dry subject fun and understandable. As you run your stand, you’ll begin to understand and apply financial terms and concepts like assets, liabilities, earnings, inventory and notes payable, plus:
--Interactive format gives you hands-on experience
--Color-coded charts and worksheets help you remember key terms
--Step-by-step process takes you from novice to expert with ease
--Fun story format speeds retention of essential concepts
--Designed to apply what you learn to the real world
The revolutionary approach of The Accounting Game takes the difficult subjects of accounting and business finance and makes them something you can easily learn, understand, remember and use!
“The game approach makes the subject matter most understandable. I highly recommend it to anyone frightened by either numbers or accountants.”
—John Hernandis, Director of Corporate Communications, American Greetings
Table of Contents
Pre-Test
Chapter 1: Cash, Original Investment, Assets, Liabilities, Notes Payable, Owner’s Equity, Balance Sheets, Inventory, Earnings, Expenses
Chapter 2: Gross Profit, Net Profit, Income Statements, Cash Flow
Chapter 3: Retained Earnings, Loans, Credit, Accounts Payable, Notes Payable
Chapter 4: Paid Labor, Accounts Receivable, Bad Debt, Interest, Prepaid Expenses, Accrual Method, Cash Method, Creative Accounting
Chapter 5: Service Businesses
Chapter 6: FIFO, LIFO
Chapter 7: Cash Statements, Fixed Assets, Capitalization, Depreciation
Chapter 8: Profits vs. Cash
Chapter 9: Taxes, Liquidation
Chapter 10: Final Analysis – Improving Profits
Post-Test
Answer Key
Glossary
Index
About the Authors
Diploma
Specs
Dimensions
Length: 11 in
Width: 8.5 in
Weight: 18.00 oz
Page Count: 192 pages
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