Accounting for Beginners: Learning Financial Statements

By Azhar ul Haque Sario

Accounting for Beginners: Learning Financial Statements reference guide demystifies the world of financial accounting, plainly explaining what could otherwise seem to be intricate ideas. The book brings you to the bare bones of accounting: what is it exactly? It pinpoints and explains fundamental financial elements such as Assets, Liabilities, Capital, Profit, and the concept of Retained Earnings.

Going beyond the basics, Accounting for Beginners provides you with an in-depth understanding of the Accounting Cycle. This includes every step from analyzing and categorizing transactions to documenting them and sheds light on how financial statements are structured. Topics such as income statements, balance sheets, and cash flow statements are also illustrated. Point by point, this guide explains components of these statements, including revenues, expenses, gross profit, and net earnings.

Furthermore, it clarifies balance sheet elements like tangible and intangible assets, current and non-current liabilities, contingent debts, and shareholders' equity. The book enlightens you on the intricacies of cash flow statement components, and introduces you to the double-entry system's debit-credit dynamics, a prevalent accounting practice.

A considerable portion of the text is dedicated to illuminating standard theoretical aspects of accounting. Topics such as depreciation, preparing trial balances, and delving into the various types of accounting entries are tackled thoroughly. Likewise, a set of carefully constructed practice questions covering different aspects of accounting are included. The questions serve as a practical course to strengthen your comprehension, enable you to apply your knowledge, and help those trying to consolidate their understanding.

• Language: English
• Publisher: Azhar ul Haque Sario
• Release date: Sep 10, 2023
• ISBN: 9798223716013

Azhar ul Haque Sario

Hello, my name is Azhar ul Haque Sario, and I am excited to introduce myself to you. I have a strong educational background, having studied O and A levels before pursuing an MBA. I am also a certified project manager and hold Google certifications in digital marketing and e-commerce. Aside from my professional experience, I am also passionate about investing. As an investor, I have developed a keen eye for spotting profitable opportunities and have a track record of making sound investment decisions. I believe that investing is an essential component of building long-term wealth and financial security, and I am committed to helping others achieve their investment goals as well. In my free time, I love sharing my insights and knowledge with others. You can find me posting daily articles on my LinkedIn profile, where I share tips and advice on everything from investing to marketing and beyond. I am always looking for ways to learn, grow, and make a positive impact, and I look forward to connecting with you soon.