That's what this short book is all about.
Â
Fast--60 minutes or less.Â
Easy--like keeping score.Â
Bite-sized lessons.Â
Simple illustrations.Â
No prerequisites.
Â
** Video sample at amazon.com/author/loganmusil **
Â
Master accounting basics by building on what you already know--how to add up points scored by a team! We start out with a one-hour-or-less crash course. We add up points for a few games, and before you know it you've mastered accounts, ledgers, double-entry accounting and the accounting equation! We then switch gears to real-world accounting, where points become dollars. Before long you'll be a pro at basic accounting!Â
Â
Some of the essentials you'll learn in no time:Â
Â
* The purpose of accounting: What is the score?Â
Â
* Accounts and ledgers: Keeping score the easy wayÂ
Â
* Double-entry accounting: One game, many pointsÂ
Â
* The accounting equation: Keeping score for teammates and meÂ
Â
* How to record transactions using the accounting equation and double-entry accounting: Just like adding up points (for games), but with dollars (for transactions)Â
Â
* Debits & credits: It's that easy?!Â
Â
* How to prepare financial statements:Â
Â
* Balance sheet: The today pictureÂ
o Assets: How much do we own--today?Â
o Liabilities: How much do we owe--today?Â
o Owners' equity: How much is left over--today?Â
Â
* Income statement: The annual pictureÂ
o Revenues: How much did we make--this year?Â
o Expenses: How much did we spend--this year?Â
o Net income: How much did we profit--this year?