Accounting for Non-Accountants: The Fast and Easy Way to by Wayne Label

By Wayne Label

A speedy, Compact, and Easy-to-Understand source for Non-Accountants

Accounting for Non-Accountants is the must-have advisor for we all who've by no means taken an accounting category, are mystified by way of accounting jargon, and feature no clue approximately stability sheets, source of revenue statements, or statements of money flows.

Whether you personal a company, plan on beginning one, or simply are looking to regulate your personal resources, you'll locate every thing you must know:

•How to organize and use monetary statements
•How to manage funds flows
•How to regulate budgets
•How to take advantage of accounting ratios to
•How to house audits and auditors interpret monetary statements

Let this e-book assist you love it helped those readers:

"Dr. Labels motives are basic and easy. "
"This may also help me much as I organize my very own company. "
"I have labored in accounting for over twenty-five years, and this is often the easiest e-book i've got visible to aid individuals with the fundamentals of accounting."

For marketers or a person who must brush up on accounting speedy, this booklet may have you up and working in no time.

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Extra info for Accounting for Non-Accountants: The Fast and Easy Way to Learn the Basics (3rd Edition)

Example text

Other Current Liabilities . . . . . . . . . . . . . . . . . . Retained Earnings . . . . . . . . . . . . . . . . . . . . Current Income Taxes Payable . . . . . . . . . . . . . . . . Income Statement Items Cost of Sales . . . . . . . . . . . . . . . . . . . . . . Income Tax Expense . . . . . . . . . . . . . . . . . . . Other (Nonoperating) Expense . . . . . . . . . . . . .

4 11 Nordstrom, Inc. 42 per share) Issuance of common stock for: Stock option plans Employee stock purchase plan Other Stock-based compensation Repurchase of common stock Balance at February 3, 2007 Common Stock Shares Amount 276,753 $424,645 — — Unearned Stock Compensation $(597) — Retained Earnings $1,201,093 393,450 Accumulated Other Comprehensive Earnings (Loss) $8,868 — Total $1,634,009 393,450 — — — — 493 493 — — — — (119) (119) — — — — — — — — — — — (67,240) 93 — — 93 393,917 (67,240) 7,238 977 178 (13,815) 271,331 111,315 14,081 2,614 552,655 — 298 (299) — (300,000) 1,227,303 — 9,335 111,315 14,081 2,912 (300,000) 1,788,994 — — — 551,339 — 551,339 — — — — (1,815) (1,815) — — — — (7,742) (7,742) — — — — — — — — — — — (87,196) 2,930 — — 2,930 544,712 (87,196) 5,820 757 136 (8,495) 269,549 112,948 16,767 3,564 — 685,934 — — (28) — (327) — — — (287,080) 1,404,366 — — — — 2,708 112,948 16,767 3,536 (287,080) 2,092,681 — — — 677,999 — 677,999 — — — — 1,309 1,309 — — — — 3,032 3,032 — — — — — — — — (2,805) — (2,805) 679,535 — — — — — — — (110,158) (12,824) — (12,824) (110,158) 3,838 446 27 — (16,547) 257,313 94,099 16,652 721 29,015 — $826,421 — — 327 — — — — — — — (621,527) $1,350,680 — — — — — $(8,580) 94,099 16,652 1,048 29,015 (621,527) $2,168,521 For example, both Nordstrom and Scania list buildings and equipment (Scania calls these “tangible non-current assets”) among the assets on their balance sheets.

Common Stock . . . . . . . . . . . . . . . . . . . . . Intangible Assets . . . . . . . . . . . . . . . . . . . . Other Noncurrent Assets . . . . . . . . . . . . . . . . . . Long-Term Investment Securities . . . . . . . . . . . . . . . Inventories . . . . . . . . . . . . . . . . . . . . . . Long-Term Debt . . . . . . . . . . . . . . . . .

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