By Darrell Mullis
"Fantastic studying Tool...Don't permit this e-book name idiot you. it's not an oversimplification of accounting and monetary rules. it's, even though, a major and intensely powerful exam of a really small yet gradually advanced enterprise. There aren't many books available to buy that make a fancy and dry topic comprehensible or even enjoyable. This publication effectively does simply that."
The Clearest rationalization Ever of the main Accounting Basics
The international of accounting will be intimidating. even if you are a supervisor, company proprietor or aspiring entrepreneur, you have got most likely came upon your self desiring to understand easy accounting...but baffled by way of advanced accounting books. What if studying accounting should be as basic and enjoyable as working a kid's lemonade stand? It can.
The Accounting video game provides monetary details in a layout so uncomplicated and so not like a typical accounting textbook, you'll disregard you are studying key abilities to help you get forward! utilizing the realm of a kid's lemonade stand to educate the fundamentals of handling your funds, this booklet makes a dry topic enjoyable and comprehensible. As you run your stand, you are going to start to comprehend and practice monetary phrases and ideas like resources, liabilities, gains, stock and notes payable, plus:
--Interactive layout delivers hands-on experience
--Color-coded charts and worksheets assist you bear in mind key terms
--Step-by-step approach takes you from amateur to professional with ease
--Fun tale layout speeds retention of crucial concepts
--Designed to use what you discover ways to the genuine world
The innovative procedure of The Accounting online game takes the tough matters of accounting and company finance and makes them whatever you could simply research, comprehend, take note and use!
"The online game technique makes the subject material so much comprehensible. I hugely suggest it to someone anxious through both numbers or accountants."
-John Hernandis, Director of company Communications, American Greetings
Read Online or Download The accounting game : basic accounting fresh from the lemonade stand PDF
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Extra info for The accounting game : basic accounting fresh from the lemonade stand
00 in cash. ” The banker glances over your scorecard, and nods. “Impressive,” the banker says. ” You’re pretty sure the banker just complimented you, though it’s hard to tell because the banker’s eyebrows and lips hardly move. ” you ask. “We don’t discriminate because of a potential customer’s age, gender, religious, racial, or ethnic identity,” the banker says. Which you’re pretty sure means “Yes” to your question. “Look at my income statement,” you go on. “Last week I had sales of $25. My gross profit was $15, these are my expenses, with a net profit of $10.
Let’s take Sunday off. C H APTER 2 What are we going to do with those ten glasses of left over Inventory? Put it in the refrigerator and put a sign on it that says: For commercial use only! Do not touch upon penalty of death! Time for a break. Before you leave, give yourselves a gold star for doing such a good job your first week in the business. Good Job! 31 CHAPTER 3 I t’s Monday. A sunny morning, with the promise of getting really hot by noon. Which can mean but one thing to you, the budding beverage billionaire.
Hire a lawyer. Tell your parents. Get your big brother or sister to beat him up. Put a spell on him so he stays short his whole life. E-mail the President to call out the National Guard. But you’re a business person, remember? So what do we do to recognize a bad debt? Reduce Accounts Receivable? Sadly, yes. Reduce it by how much? Four whole dollars. Are we in balance now? No. Is the Bad Debt a cost of doing business? Yes. And a cost of doing business is called what? An expense. And expenses always reduce what?
The accounting game : basic accounting fresh from the lemonade stand by Darrell Mullis