Accounting Made Easy

A Beginner's Introduction

By: Samuel Darcy

Narrated by: Virtual Voice

Just as the health of a person can be ascertained from their vitals, which includes their pulse, their cholesterol levels, and their overall performance, the health of a business is gauged through its financial records, which include its income statement, its balance sheet, and its cash flow statement. These records are constructed using accounting.

In short, accounting involves writing down every financial transaction that happens in a company as well as some non-financial events. Nevertheless, accounting isn’t an exact science; not only is there a little bit of artistry involved (seeing as accounting requires the use of plenty of assumptions), but accountants also find themselves having to interpret specific terms and relying on their own subjective understanding of them.

Written for this beginners, this book will talk you through all the basics of accounting include:
- Cash Flow Statement
- The Balance Sheet
- Budgeting
- Taxes