You can reach me at: [email protected] Best Regards, Mike Piper Table of Contents 1. Accounting Equation Always true, no exceptions Owners' Equity. Accounting Made Simple: Accounting Explained in Pages or Less Author: Mike Piper Accounting for Goodwill (Routledge Studies in Accounting). Accounting Made Simple () provides a brief introduction to the fundamentals of accounting, illustrating how to read the most important financial statements.
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Review: 'Accounting Made Simple' by Mike Piper. What's the difference between cash and accrual accounting? What's a balance sheet, and how do you. ruthenpress.info: Accounting Made Simple: Accounting Explained in Pages or Less (): Mike Piper: Books. Accounting Made Simple: Accounting Explained in Pages or Less - Kindle edition by Mike Piper. Download it once and read it on your Kindle device, PC.
The order above is perhaps the most logical but presenting principles before their application risks making them An introductory text on accounting should in some form or another include: a the accounting principles that form the normative base, b bookkeeping procedures that provide the input for the accounting and c the financial statements that constitute the output.
The order above is perhaps the most logical but presenting principles before their application risks making them too abstract, presenting the end result ahead of the principles makes no sense as the reader cannot fully appreciate what they are seeing.
The author has solved this in a rather clever way. He presents various accounting principles as they are needed to understand the practical application that is covered next by the text.
Mike Piper is the author of introductory level books on an array of economic areas. This text aims to give a quick basic understanding of accounting and bookkeeping. Most major line items on the financial statements are given a short but adequate explanation and topics such as the difference between current and long term balance sheet items, operating vs.
To help the reader draw conclusions from the financial statements part one ends with a chapter on financial ratios. Two or three ratios each are presented under the headers liquidity ratios, profitability ratios, leverage ratios and asset turnover ratios. This is all fine but in his efforts to simplify for the benefit of the user Piper in one instance goes too far.
The numerator in return on assets is not the same as the one in return on equity. Return on assets uses pre-tax income plus financial costs, not net income. Part two is a mix of accounting principles, bookkeeping and a few slightly more complicated financial statement topics.
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Popular Features. New in Accounting Made Simple: Accounting Explained in Pages or Less. Description Find all of the following explained in Plain-English with no technical jargon: The Accounting Equation and why it's so significant How to read and prepare financial statements How to calculate and interpret several different financial ratios The concepts and assumptions behind Generally Accepted Accounting Principles GAAP Preparing journal entries with debits and credits Cash method vs.