This source, "Accounting Made Simple," aims to provide a foundational understanding of accounting principles and practices for beginners in under 100 pages. Written by Mike Piper in 2010, the book covers essential topics like the accounting equation, financial statements (balance sheet, income statement, retained earnings, and cash flow), and financial ratios. It also explains Generally Accepted Accounting Principles (GAAP), including concepts such as debits and credits, accrual versus cash accounting, and asset valuation methods like depreciation and amortization. The book concludes with an overview of inventory accounting methods, emphasizing the fundamental role of journal entries in the accounting system and offering supplementary online resources for further learning.Full podcast episode available here: YouTube: https://www.youtube.com/@BusyProfessionall // Spotify: https://open.spotify.com/show/43S8mFi7frIuMtqd0VST7O // Apple Podcasts: https://podcasts.apple.com/us/podcast/busy-accountant-the-best-books-reviews/id1807058693 — Follow us for more insights & updates: Instagram: https://www.instagram.com/busy_proffesional/ — TikTok: https://www.tiktok.com/@busyprofessional
No persons identified in this episode.
No transcription available yet
Help us prioritize this episode for transcription by upvoting it.
Popular episodes get transcribed faster