Accounting is simple, let's learn it in a simple way: practical guide to build and understand Balance sheet and Income Statement

Accounting concepts could be difficult to understand, particularly for the non-finance people. Most of the books written on accounting concepts or for the understanding of financial statements are challenging to learn as those are full of business jargon. Therefore, it becomes difficult for new readers to keep their interest for a long time.In reality, accounting is only simple math with some basic rules, and Those rules should be explained in the same natural, straightforward way. Things can be more complicated with the involvement of financial reporting standards and advance financial statement analysis. However, those are not vital for the ordinary investor, business owner, or typical person to understand in-depth. This book will explain the basic flow of accounting with the real-life business story from start to end, of one complete accounting cycle. I will also explain essential financial statement ratios with everyday business examples.If the base is built on essential solid understanding, then those problematic concepts can also become easy. But without mastering basics, everything grows more challenging to understand.Even people with basic literacy and simple school education should be able to understand accounting. Accounting education is essential, so everyone should have a basic knowledge of the concepts to excel in life.I have seen people with advanced studies in mathematics, not able to absorb or fully comprehend the simple logic of debit and credit, which is a base of accounting and financial statements.In this book, I will explain accounting with the real-life story of a business owner for a start to complete a one-month business cycle. I will use step by step accounting entries to explain bookkeeping in a plain simple language so anyone with the basic literacy can master accounting concepts.I hope this book will help to achieve a lot of clarity and a solid base in less than two hours, which could be equal to the months-long study. And of course, practicing on your own will improve further fluency in the concept. I have kept this book concise and brief, with the most basic and vital details only to explain the concepts to make sure necessary details are pass on in the most straightforward way.There is no mandatory qualification required to read and understand this book; this book can be equally useful for newcomers to advanced accounting students who want to learn and master basic concepts. This book can help business owners, corporate managers, and investors to improve their understanding of financial statements.

Author: Mudassar Hussain Fcca

Publisher: Independently Published

Publication Date: Aug 11, 2020

Number of Pages: 48 pages

Binding: Paperback or Softback

ISBN-10: NA

ISBN-13: 9798674493921