Accounting for fun and profit : a guide to understanding financial statements / Lawrence A. Weiss.
By: Weiss, Lawrence A. (Lawrence Alan) [author.]
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Material type: 
TextSeries: Financial accounting and auditing collection: Publisher: New York, New York (222 East 46th Street, New York, NY 10017) : Business Expert Press, 2016Edition: First edition.General Notes: Available through the Business Expert Press e-library, which can be found on the Davenport University Library database page.Bibliography: Includes bibliographical references and index.Description: 1 online resource (1 PDF (xiv, 191 pages)).Content type: text Media type: computer Carrier type: online resourceISBN: 9781631575129.Subject(s): Accounting | Financial statementsGenre/Form: Electronic books. DDC classification: 657 Online resources: Access full-text materials at no charge: | Item type | Current library | Collection | Call number | Status | Date due | Barcode | |
|---|---|---|---|---|---|---|---|
| E-book | Davenport Library e-book | E-book | 657 (Browse shelf(Opens below)) | Not For Loan | mq610215 |
Available through the Business Expert Press e-library, which can be found on the Davenport University Library database page.
Includes bibliographical references and index.
1. Introduction -- 2. Accounting is not economic reality -- 3. The accounting process -- 4. Accrual accounting -- 5. Current assets -- 6. Long-term assets -- 7. Current liabilities -- 8. The time value of money: discounting and net present values -- 9. Long-term debt -- 10. Owners' equity -- 11. Cash is king -- 12. Financial statement analysis -- Index.
Accounting is an economic information system, and can be thought of as the language of business. Accounting principles cannot be discovered; they are created, developed, or decreed and are supported or justified by intuition, authority, and acceptability. Managers have alternatives in their accounting choices; the decisions are political, and trade-offs will be made. Accounting information provides individuals, both inside and outside a firm, with a starting point to understand and evaluate the key drivers of a firm, its financial position, and performance. If you are managing a firm, investing in a firm, lending to a firm, or even working for a firm, you should be able to read the firm's financial statements and ask questions based on those statements.This book explains the fundamentals of financial statements. It is designed and meant to explain the language of accounting to nonaccountants (i.e., those who hire accountants). After reading this book, you should be able to pick up an annual report, read it, understand much of it, and have a solid foundation to start asking questions about the firm. Hopefully, this book will show you that accounting can be fun and informative.
Title from PDF title page (viewed on July 15, 2016).
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