Download at ==>>Download Accounting Made Simple: Accounting Explained in 100 Pages or Less read. Click the PDF icon below to download the eBook from the Online Library. Book Description - ISBN 978-1-62620-953-4 (32 Pages) This free eBook explains all of the basic accounting concepts and terminology you will need to understand the three primary financial statements that appear in every organization's annual report and most internal monthly reports. Chapter 1 - As a manager, you will usually be expected to understand simple financial reports and communicate effectively with financial people in your own organization. You may also be asked to contribute financial data about your own business unit. Chapter 2 - The basic principles of accounting are best understood by considering some simple businesses and how they might document their financial activities. Chapter 3 - The main limitations of cash accounting are that: there is nowhere to show 'unpaid bills'; there is no way of seeing any historical trend in the figures; and no allowance is made for major purchases or asset acquisition. Chapter 4 - Accrual accounting is considered to be the standard accounting practice for most organizations, and is mandated for organizations of any real size. It provides a more accurate financial picture, but is more difficult to administer. Chapter 5 - Terms like 'revenue,' 'expenses,' 'gross profit,' 'depreciation,' 'bad debt,' and 'fixed assets' have precise definitions when used in business accounting. You need to understand exactly what is meant by accounting terms like these. Chapter 6 - Revenue is something that is generated by the business in exchange for goods or services. It does not include things like bank loans or overdraft facilities. Any payment for a service or product in advance of any work being performed is a 'receipt.' It only becomes a 'revenue' item once work (on behalf of the customer) actually begins. Chapter 7 - The matching principle aims to minimize any mismatch in timing between when an organization incurs costs and when it realizes any associated revenue. Chapter 8 - An income statement is an accounting of revenue, expenses, and profit for a given period. This can also be an internal document that can be used to make management decisions about almost any activity where you have a record of the money spent and the associated return. ![]() ![]() You will learn: • The precise meaning of the essential accounting terms • The purpose of the income statement, balance sheet and cash flow statement • The differences between cash based and accrual based accounting • The 'revenue recognition' principle and the 'matching' principle • How depreciation, prepayments and bad debt are allowed for I Was Never One for Finance. TailMaker!, FingerMaker! Are CAM software products for easy machining of woodworking joints and other specialty jobs on CNC routers. CNC Dovetail and Box Joints. For years, CNC router users have been looking for a method to easily create toolpaths and g-code to cut dovetail joints on their machines. KCD Software's CNC Dovetail Drawers will create all of your Dovetail Drawer parts for your CNC router. The Dovetail Drawer setup is quick and easy allowing you to. Cnc dovetail software.
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