Description
Book SynopsisA clear, easy-to-understand explanation of key financial accounting basics.
The world of accounting can be intimidating. Whether you''re a manager, business owner, aspiring entrepreneur, or taking a college course in accounting, you''ll find yourself need to know the basics...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 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 experien
Table of Contents
Introduction 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
