Learn How to Become Your Own Accountant E-Book

Dale Carnegie

• Herausgeber: Sheba Blake Publishing
• Kategorie: Fachliteratur
• Sprache: Englisch
• Veröffentlichungsjahr: 2019

Seitenzahl: 26

Beschreibung

Learn how to become your very own accountant in this comprehensive guide!Sheba Blake Publishing is here to help make difficult topics easy to understand. We help everyone be more knowledgeable and confident. Whether its learning about complex business topics, spirituality or building your self esteem; people who rely on us, rely on the information we provide to learn the critical skills and relevant information necessary for success.

Leseprobe

Dale Carnegie

Learn How to Become Your Own Accountant

First published by Sheba Blake Publishing 2019

Copyright © 2019 by Dale Carnegie

All rights reserved. No part of this publication may be reproduced, stored or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, scanning, or otherwise without written permission from the publisher. It is illegal to copy this book, post it to a website, or distribute it by any other means without permission.

First edition

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Contents

Introduction

Accounting Principles

Basic Accounting Principles

Accounting - All Businesses Need One

All About Personal Accounting

Everyday Accounting

Online Accounting

Understanding Accounting Vocabulary

Personal Accounting

Accounting and Accountancy

Accounting For Home Based Businesses

One

Introduction

Anyone who’s worked in an office at some point or another has had to go to accounting.

They’re the people who pay and send out the bills that keep the business running. They do a lot more than that, though.

Sometimes referred to as “bean counters” they also keep their eye on profits, costs and losses. Unless you’re running your own business and acting as your own accountant, you’d have no way of knowing just how profitable - or not - your business is without some form of accounting.

No matter what business you’re in, even if all you do is balance a checkbook, that’s still accounting. It’s part of even a kid’s life. Saving an allowance, spending it all at once - these are accounting principles.

What are some other businesses where accounting is critical? Well, farmers need to follow careful accounting procedures. Many of them run their farms year to year by taking loans to plant the crops. If it’s a good year, a profitable one, then they can pay off their loan; if not, they might have to carry the loan over, and accrue more interest charges.

Every business and every individual needs to have some kind of accounting system in their lives. Otherwise, the finances can get away from them, they don’t know what they’ve spent, or whether they can expect a profit or a loss from their business.

Staying on top of accounting, whether it’s for a multi-billion-dollar business or for a personal checking account is a necessary activity on a daily basis if you’re smart. Not doing so can mean anything from a bounced check or posting a loss to a company’s shareholders. Both scenarios can be equally devastating.

Accounting is basically information, and this information is published periodically in business as a profit and loss statement, or an income statement.

Two

Accounting Principles

If everyone involved in the process of accounting followed their own system, or no system at all, there’s be no way to truly tell whether a company was profitable or not.

Most companies follow what are called generally accepted accounting principles, or GAAP, and there are huge tomes in libraries and bookstores devoted to just this one topic. Unless a company states otherwise, anyone reading a financial statement can make the assumption that company has used GAAP.