This is a very beginners book in accounting

ACCOUNTING BEGINNER JOURNAL ENTRY

JOURNAL ENTRY: SALES INCENTIVES, FUTURE

PRODUCT RETURNS, PRODUCT WARRANTIES
Sales incentives, future product returns and product warranties are classified as current liabilities.
Unlike accounts payable where both payee and amount are known, three of
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ACCOUNTING BEGINNER FINANCIAL STATEMENT

UNDERSTANDING THE LOGICS BEHIND A FINANCIAL

STATEMENTS
Financial statements is main product of the accounting process. Understanding the logics behind a
financial statements helps the management, share holders, investors, and other interested
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BASIC ACCOUNTING BEGINNER JOURNAL ENTRY

LEARNING ACCOUNTING: WHERE TO START?

That is a common question comes from those starts to learn accounting for the first time. Here are
some pointers: First, Accounting Is a Tool
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ACCOUNT PAYABLE ACCOUNTS RECEIVABLE BASIC ACCOUNTING BEGINNER JOURNAL ENTRY

ACCRUAL BASIS ACCOUNTING FUNDAMENTAL

The regulators do not permit a business organized as a C-corporation (in the United States) to use
cash basis accounting. Instead, these companies must use
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BEGINNER CASH EXPENSES FINANCIAL REPORTING FINANCIAL STATEMENT GENERAL
LEDGER GENERALLEDGER INVOICE PAYMENT

REVENUE AND EXPENDITURES CYCLES

Accounting is classified by underlying business processes, called accounting cycles. These
processes include revenue and receipts, purchases and payments, payroll, fixed assets, financing,
and general
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ACCOUNT PAYABLE BEGINNER EXPENSES JOURNAL ENTRY

ACCOUNTING FOR ACCRUED EXPENSES

One of the primary tasks of the accountant during the period-end closing process is the calculation
of expense accruals, of which there are potentially a
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ASSET BEGINNER CAPITALIZATION FIXED ASSET JOURNAL ENTRY

ACCOUNTING FOR FIXED ASSET PURCHASE AND COST

CAPITALIZATION
Fixed assets are those assets that are used in a productive capacity, are tangible (have physical
substance), are relatively long-lived, and provide future benefit that
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BASIC ACCOUNTING BEGINNER CASH PROFIT

UNDERSTANDING PROFIT VS CASH BEHAVIOR

From the financial point of view, youre in business to make a profit. This is obvious, isnt it? Or are
you in business to make
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BEGINNER FINANCIAL REPORTING FINANCIAL STATEMENT

IS THE FINANCIAL STATEMENTS PREPARED BY THE

ACCOUNTANT?
Due to computer technology, it is often unclear whether existing financial statements have been
prepared by an accountant or by management. In considering whether an
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BASIC ACCOUNTING BEGINNER

BOOKKEEPING FUNDAMENTALS
It makes no difference whether the bookkeeping process is done manually by handwritten or a 21stcentury bookkeeper working at a computer keyboard. The recordkeeping process
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BEGINNER JOURNAL ENTRY

PRIOR PERIOD ADJUSTMENT [WITH CASE EXAMPLES]

The two types of prior period adjustments are: (1) Correction of an error that was made in a previous
year; and (2) Recognition of a
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BEGINNER FINANCIAL ANALYSIS FINANCIAL STATEMENT FINANCIAL STATEMENT ANALYSIS