Accounting is the language of business and plays a large role in managing personal finances. Entrepreneurs, small business owners, MBAs looking to brush up their understanding, students, teachers, and anyone interested in understanding finance will appreciate The Handy Accounting Answer Book. Loaded with fascinating questions and answers, it is an unusually engaging reference that you can read straight through or browse section by section. A useful resource for everyone, it is the ideal gift for students, teachers, and anyone interested in business and finance.
An informative, easy-to-use guide to accounting fundamentals and concepts Everyone needs to budget money and manage costs, whether for groceries and everyday purchases, rent or mortgage, education, retirement, or even a business. Like it or not, accounting infuses most everything in life. From credits, debits, and basic bookkeeping to getting the most out of tax deductions and from reading or creating a business' financial statement to better understanding accounting lingo, The Handy Accounting Answer Book can help anyone acquire the skills to start or run a business, plan for retirement, set money aside for a big purchase, establish everyday budgets, and improve their money management. Find out about the concepts and assumptions behind the Generally Accepted Accounting Principles. Understand tax returns and maximize write-off. Manage retirement account statements and find ways to improve their results. Learn how to create a business plan. Learn about a business' financial ratios, cost of goods, depreciation, tax planning, recognizing revenue and expenses, financial audits, year-end closing the books, and other terms and rules. Maximize profits and improve personal or business bottom lines. Covering accounting fundamentals, concepts, and jargon, The Handy Accounting Answer Book is for everyone who wants to understand the language of money and business. It uses basic terms and simple examples to illustrate complex accounting topics and can help you make better decisions about your business or personal finances. This handy primer answers nearly 800 questions and offers fun facts covering the basics of accounting, including ... What is the earliest known form of accounting? What are the elements of financial statements? When is revenue recognized? What is accrual basis accounting? How does an accountant determine which asset account titles to use? What is goodwill? How many different types of financ