Accounting for people who think they hate accounting / Anurag Singal.

By: Singal, Anurag [author.]Material type: TextTextSeries: Financial accounting and auditing collectionPublisher: New York, New York (222 East 46th Street, New York, NY 10017) : Business Expert Press, 2016Edition: First editionDescription: 1 online resource (102 pages)Content type: text Media type: computer Carrier type: online resourceISBN: 9781631574085Subject(s): Accounting | accounting | accounting for beginners | accounting convention | accounting for dummies | balance sheet and profit and loss account | bookkeeping | business and money | corporate accounting | entrepreneurship and small business | financial statementsGenre/Form: Electronic books.Additional physical formats: Print version:: No titleDDC classification: 657 LOC classification: HF5636 | .S562 2016Online resources: Click to View
Contents:
1. What is financial accounting? -- 2. Classification of expenditure and receipt into revenue and capital categories -- 3. Journal -- 4. Ledgers -- 5. Trial balance -- 6. Final accounts -- 7. The mega question -- 8. Valuation of inventory -- Glossary -- Index.
Abstract: The book Accounting for People Who Think They Hate Accounting is inspired by my IIM Ahmedabad days when grappling with accountancy suddenly becomes the "numero uno" priority of MBA Semester-1. Financial statements serve as a report card for a business through which managers and entrepreneurs can know their exact financial positions. These financial statements are prepared only through financial accounting. The main purpose of financial accounting is to help entrepreneurs exercise control over their business activities by controlling total costs incurred so that they are able to earn higher profits. So, in order to understand where exactly the business stands financially, knowledge of financial accounting is imperative. What is financial accounting? Why do I need to understand it? How will it help me in my business? Why is it important to me? Or Is it important to me? These are some of the questions that surface in the minds of young and aspiring entrepreneurs when they start their business or are on the verge of starting one. This book aims to answer them in the most practical and comprehensible manner possible so that accounting is no longer a nightmare for them.
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Includes index.

1. What is financial accounting? -- 2. Classification of expenditure and receipt into revenue and capital categories -- 3. Journal -- 4. Ledgers -- 5. Trial balance -- 6. Final accounts -- 7. The mega question -- 8. Valuation of inventory -- Glossary -- Index.

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The book Accounting for People Who Think They Hate Accounting is inspired by my IIM Ahmedabad days when grappling with accountancy suddenly becomes the "numero uno" priority of MBA Semester-1. Financial statements serve as a report card for a business through which managers and entrepreneurs can know their exact financial positions. These financial statements are prepared only through financial accounting. The main purpose of financial accounting is to help entrepreneurs exercise control over their business activities by controlling total costs incurred so that they are able to earn higher profits. So, in order to understand where exactly the business stands financially, knowledge of financial accounting is imperative. What is financial accounting? Why do I need to understand it? How will it help me in my business? Why is it important to me? Or Is it important to me? These are some of the questions that surface in the minds of young and aspiring entrepreneurs when they start their business or are on the verge of starting one. This book aims to answer them in the most practical and comprehensible manner possible so that accounting is no longer a nightmare for them.

Title from PDF title page (viewed on December 26, 2015).

Electronic reproduction. Ann Arbor, MI : ProQuest, 2016. Available via World Wide Web. Access may be limited to ProQuest affiliated libraries.

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