Log in Try for free

Follow us

English

Welcome to Bookboon

In order to provide our services we rely on a series of essential cookies to access our features.
We also use a set of 3rd party cookies that allow us to deliver a better experience.

Please read our Privacy Policy page , and if you agree, please click on the button below ot enter the site.

Home Understanding Accounting Principles

Understanding Accounting Principles

by Paul Newton
Rating:
( 72 )
Write a review
32 pages
Language:
 en
Need to understand the basic accounting concepts and terminology? This eBook explains all you need to understand financial statements.
This is a Business eBook
Business subscription free for the first 30 days, then $5.99/mo
 
Access this book on our eReader, no adverts inside the book
Latest eBooks
About the author

Paul Newton has worked in IT and Project management for over 30 years and has also developed several internet based enterprises. He was a co-founder and director of ITT Ltd where he was responsible for the development and marketing of software-based management training tools. Clients included Microsof

More about Paul Newton
Description
Content

This eBook explains all of the basic accounting concepts and terminology you will need to understand the three primary financial statements that appear in every organization’s annual report and most internal monthly reports.

It describes the differences between cash based and accrual based accounting. Explains the ‘revenue recognition’ principle and the ‘matching’ principle, as well as how depreciation, prepayments and bad debt are allowed for.

This eBook explains all of the basic accounting concepts and terminology you will need to understand the three primary financial statements that appear in every organization’s annual report and most internal monthly reports.

You will learn:

  • The precise definition of essential accounting terms
  • The purpose of the income statement, balance sheet, and cash flow statement
  • The differences between cash-based and accrual-based accounting
  • The ‘revenue recognition’ principle and the ‘matching’ principle
  • How depreciation, prepayments, and bad debt are allowed for
  1. Basic Accounting Concepts
    1. An Income Statement
    2. Cash Accounting
    3. Accrual Accounting
  2. Basic Financial Terms
    1. The Revenue Recognition Principle
    2. The Matching Principle
  3. A Sample Income Statement – Using the Accrual Method
  4. Summary
  5. References
Write a review