Download our free accounting books to enhance your knowledge of topics such as managerial and financial Basics of Accounting & Information Processing. CFI's Principles of Accounting book is free, available for anyone to download as Welcome to the official accounting eBook from the Corporate Finance Institute. Check our section of free e-books and guides on Accounting now! The aim of this note is to introduce you to basic principles of accounting and to understand.
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Free Accounting & Bookkeeping Textbooks. has Financial Accounting Pdf Books and Notes for Free Download. Browse all Accounting Basics (online). An accountant's job profile: functions of accounting. Utility of .. The basic purpose of cost accounting is to provide a detailed break- up of cost of .. debtors in anticipation of actual bad debts', 'adopting written down value method of. Dec 31, PDF Version Volume 2, pages, Free Download p. Textbook Equity Paperback, Volume 1 Financial Accounting (Chapters 1 – 8), State the basic accounting equation and describe its relationship to the balance sheet.
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Google Analytics Enable. Yet, at my position, I could no longer ignore the importance of accounting statements of the company. The people in finance kept trying to explain what the statements showed but I didn't learn too much from them. Their eBook on Accounting Principles takes the technical aspect out of financial statements and strips them down to their bare bones.
For a non-accounting person like me, this is something very important.
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Now I have a clear idea of what the three major statements, i. Not only that, I can measure the performance of my team in terms of tangible numbers, something I previously used to overlook. Perhaps the most important thing I realized was how the company spent cash.
I never paid much attention to the spending and income simply because I didn't have the time or inclination for it. When I finally got around to seeing it, I saw the company wasn't in the best shape with regards to cash flow. We were spending much more than the cash we had on hand. After reading Accounting Principles, I started working in tandem with the accountants to find ways to curb the outflow of cash.
This is an achievement for someone unfamiliar with even the basic accounting concepts before then. In the current economic climate, it is important for business managers to have a keen insight into the accounting aspect of their company. Maintaining a healthy cash flow balance is as important as retaining profitability.
I learned my lesson and so should you. At first, I thought that the eBook was too basic in terms of execution. It gave a primer on the main financial statements but didn't elaborate in much detail.
This was something I felt was lacking in the eBook. It was later that I saw that Free Management eBooks had several more eBooks on finance and accounting Skills on their website.
Coming back to my experience, I also learned the meanings of a few basic, yet important accounting terms and principles. For instance, I had no idea what accrual based accounting was but I do now. Same goes for the revenue recognition and matching principles of accounting. I was confused about the expenses which have to be accounted for yet where no money is being spent, like depreciation and bad debts.
Let alone understand how they are shown in the accounts, I didn't have a clue why they were termed as expenses in the first place. The eBook doesn't explain this in too much detail but it did give me a solid idea of the concept behind adding these 'non-cash' expenses to the accounts. A little more detail on the concept will be helpful nonetheless.
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Now I am able to contribute towards one area of the business of which I previously had no knowledge of. Miles Norton. Told Me Just Enough There comes a point in your career when you realize that you really do need to understand this stuff. Thanks for providing such a short book that told me just enough to understand what the bean-counters are talking about without boring me too much.
Henry F. There are so many terms with such complex definitions. I did not believe that I could ever figure the basics out. I did not know where to start.
If you simply search for accounting on the internet you will come up with endless books, articles, terms, and definitions.
I did not even know where to look to come up with terms to research. I am to the point in my career where it's time to dive into the accounting world if I want to be promoted. Because I thought that accounting was so complex, I have always let others take over that aspect of the business.
I really needed a basic book with terms simply defined so that an average person, without an accounting background, could understand. Thankfully for my career, I have found it! This book is free and only 30 pages long. It does not get any more simplistic than that.
Before this book, I could not tell you what an income statement, balance sheet, or statement of cash flow was. This book did an excellent job of defining each of those. If you need to learn even more about income statements, balance sheets, or statements of cash, there are specific books related to each of those found on the same website as this book.
The book begins with income statements. Although it sounded really complex, it was actually very simple to understand. Using a business that I could understand as an example was a simple way of clarifying the details of an income statement. First, the book explained the basic terms to start with. Revenue, expenses, and net income were all easily defined and then turned into an equation that I could understand. The book then went on to describe cash accounting and accrual accounting.
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