Download Accounting DeMYSTiFieD by Leita Hart PDF

By Leita Hart

Accounting details and information you could take to the bank!

You won't understand first thing approximately debits, credit, and money ratios now—but when you are performed with this ebook, you possibly can juggle earnings and losses along with your eyes closed and browse any stability sheet like it is a sturdy novel.

Accounting DeMySTiFieD, moment variation, is a curriculum-based, self-teaching advisor that makes studying accounting more straightforward than 1-2-3. With graphs, plain-English causes, and real-life examples, it begins with the fundamentals—such as simple monetary phrases, stability sheets, and funds circulate statements—and eases you into the extra complex stuff, like adjusting entries, double access bookkeeping, revenue ratios, and liquidity.

Completely up to date and revised to hide finance phrases, theories, and most sensible practices, Accounting DeMySTiFieD teaches you the fine details of accounting very quickly at all.

This quickly and simple advisor features:

  • A whole evaluation of...

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Sample text

You prefer to make your own money and pay your own way. In this way, you are not beholden to anyone. This can be equated to retained earnings. What Is Venture Capital? Venture capital is a contribution of money or resources by someone who believes that your company will grow and prosper. Venture capital is usually structured in part like debt and in part like stock or equity. Venture capitalists may expect that you repay their contributions in periodic payments. This is structured like debt and would be accompanied by a corresponding set of debt covenants.

A. net income B. net worth C. owners’ equity D. net assets 9. Balance sheet components include _____. A. fixed assets, net income, and cash B. fixed assets, cash, and accounts payable C. cash, cost of goods sold, and operating expenses 10. Which of the following financial statements discloses the total amount of fixed assets held? A. The income statement B. The statement of shareholders’ equity C. The balance sheet D. The cash-flow statement Chapter 2 The Balance Sheet—The Mother of All Financial Statements The balance sheet probably was the very first financial statement ever created.

The value of common stock on the equity side of the balance sheet reflects how much the stock sold for when it was issued, not what it is worth today. So, if the stock sold in 1956 for $3 a share—it is still on the books at $3 a share, even though it might be selling for $130 today. Then why does the company work so hard to get stock prices higher? A variety of reasons: High stock prices allow the company to raise more capital easily if it needs it, or the company may be setting aside part of its cash and investing in its own stock instead of the stock of other companies.

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