Accounting Made Simple covers a variety of topics, including the accounting equation, how to read and prepare financial statements, even how to calculate and interpret several different financial ratios. It discusses the concepts and assumptions behind Generally Accepted Accounting Principles. Accounting Made Simple also sheds light on cash method versus accrual method, depreciation, and amortization expenses.
Table of Contents
Accounting Equation
Income Statement
Statement of Retained Earnings
Cash Flow Statement
Financial Ratios
What is GAAP?
Debits and Credits
Cash vs. Accrual
Other GAAP Concepts & Assumptions
Depreciation of Fixed Assets
Amortization of Intangible Assets
Inventory & CoGS