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Accounting for Non-Accountants, 3E: The Fast and Easy Way to by Wayne Label

By Wayne Label

A fast, Compact, and Easy-to-Understand source for Non-Accountants

Accounting for Non-Accountants is the must-have consultant for we all who've by no means taken an accounting category, are mystified via accounting jargon, and feature no clue approximately stability sheets, source of revenue statements, or statements of money flows.

Whether you personal a company, plan on beginning one, or simply are looking to regulate your personal resources, you will find every thing you must know:

•How to organize and use monetary statements
•How to manage money flows
•How to regulate budgets
•How to exploit accounting ratios to
•How to house audits and auditors interpret monetary statements

Let this publication assist you love it helped those readers:

"Dr. Labels reasons are uncomplicated and simple. "
"This may help me much as I organize my very own company. "
"I have labored in accounting for over twenty-five years, and this can be the simplest e-book i've got obvious to assist individuals with the fundamentals of accounting."

For marketers or somebody who must brush up on accounting speedy, this booklet can have you up and working in no time.

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Extra info for Accounting for Non-Accountants, 3E: The Fast and Easy Way to Learn the Basics

Sample text

These bankers have a financial interest in the business, but no daily managerial decision-making power. As is the case with the stockholders who have invested money into the corporation, in general they have a nonmanagerial interest in the business. As with the other two types of business organizations discussed here, the accounting records of the corporation are maintained separately from those of the individual stockholders or owners. The accounting records of a proprietorship are less complex than those of a corporation in that there is a simple capital structure and only one owner.

Banks use accounting information to make decisions about granting loans. Government agencies base their regulations on accounting information. Accounting information can even be useful to non-business entities with an interest in how businesses affect local, national, or foreign communities and community members. Businesses use accounting information for planning and budgeting and for making decisions about borrowing and investing. Overall, accounting aids businesses in the process of making better decisions.

The Solana Beach Bicycle Company is a small business that makes, repairs, and sells bicycles. The company was started by Samantha Fernandez in January 2013. Sam (as all of her friends call her) has been an avid bike rider for many years and always felt she could build a “better mouse trap” or bicycle, that is. Sam invested some money she had saved and some that she had inherited into her business. 2. This is a proprietorship, because Samantha is the sole owner of the company. The Balance Sheet would look a little different for a corporation.

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