Accounting Demystified

by Jeffry R. HABER

Overview

"Accounting is truly the language of business. Success or failure is measured in dollars, but in order to make good decisions, you need to understand how finances drive business realities and become fluent in the essential elements of the accounting process. ACCOUNTING DEMYSTIFIED tells you all you need to know about the numbers that drive business. The book uses examples of typical business situations to demonstrate basic financial concepts, including: * The accounting process * Financial statements * Making entries * Accounts payable and accounts receivable * Cashflow statements * Fixed and intangible assets * Inventory * Liabilities * Adjusting and closing entries * Prepaid expenses *Preparing a bank reconciliation * Accounting information systems * Stockholders equity * Ratio analysis ACCOUNTING DEMYSTIFIED transforms a complex and potentially intimidating subject into something anyone can easily comprehend. This useful resource helps you understand the basics of accounting and gives you access to an essential part of any business equation. For new students of accounting, entry-level accounting professionals, and business professionals whose own work relates directly to the numbers on the ledger, a basic understanding of core accounting functions and documents is critical. Accounting Demystified provides a simple and straightforward description of universal elements of the accounting process, plus accessible tutorials in creating, interpreting, and using financial statements. Haber’s clear language will let readers: * understand accounting basics * find errors quickly * prepare accurate financial statements * analyze financial documents * determine the financial health of a business * prepare a financial prospectus for potential investors and lenders From the classroom to the back room to the board room, Accounting Demystified serves as a valuable primer on the basics of accounting and the purposes they serve."

Product Details

ISBN-13:	9780814407905
Publisher:	AMACOM
Publication date:	11/24/2003
Pages:	192
Product dimensions:	5.95(w) x 8.95(h) x 0.65(d)
Age Range:	17 Years

About the Author

JEFFRY R. HABER is a Certified Public Accountant and financial, strategic, and tax consultant, and an assistant professor at Iona College. He is also the founder and former president of SUDZ Laundromats, Inc. He lives in Brooklyn, New York.

Table of Contents

Acknowledgments

1. Introduction

2. Financial Statements

3. The Accounting Process

4. Making the Entries

5. Assets

6. Cash

7. Accounts Receivable

8. Inventory

9. Prepaid Expenses

10. Other Receivables

11. Fixed Assets

12. Intagnible Assets

13. Liabilities

14. Accounts Payable

15. Other Payables

16. Owner’s Equity

17. Merchandising Companies

18. Adjusting and Closing Entries

19. Specialized Journals

20. Statement of Cash Flows

21. Ratio Analysis

...and more!

Glossary

What People are Saying About This

From the Publisher

"In a clear, concise fashion Professor Haber summarizes the essential mechanics of financial accounting in a book suitable as a study guide for, or review of, most major texts. The easy-to-follow examples flow naturally through the accounting process, from identifying the elements of a transaction through the final double underline in the financial statements." — Leon J. Hanouille Ph.D., CPA, Assistant Professor, Joseph I. Lubin School of Accounting, Martin J. Whitman School of Management, Syracuse University

"This book should be required reading for newly enrolled accounting students. It would also be quite useful to business executives who need to be familiar with accounting from both a macro and micro level. This book is a breath of fresh air." — Michael McNee, CPA, Partner, Marks Paneth & Shron LLP

Paul Tulenko, syndicated columnist: "Jeffry [Haber] has written an accounting book for you and me. It is easy to understand, to the point, and covers everything you need to know in one fell swoop….Buy this book."

Paul Tulenko

Jeffry [Haber] has written an accounting book for you and me. It is easy to understand, to the point, and covers everything you need to know in one fell swoop....Buy this book.

Editorial Reviews

He [the author] transorms a complex and potentially intimidating subject into something understandable.

The Ft.Worth Star-Telegram