Accounting Basics Practical Hands-on Training

Author: Tang Ning
Publisher:
Publish Date: 2004-04-01
Features: This book builds a platform for beginners to gain an overview of the basic content of accounting practices, helping you to feel less intimidated by accounting. In your studies, you must always remember: every business transaction corresponds to at least two or more accounting accounts, and they are always "subtly" balanced under a guiding principle. In a specific transaction, you must figure out how to think in order to find the relevant accounting account among hundreds of basic ones, and ultimately prepare three complete financial statements that reflect the company's financial position, operating results, and cash flows. This book creates a "virtual" company and, from the perspective of its accountant, measures, recognizes, and records all of its accounting activities for a month, allowing readers to experience the process of accounting in practice. It also strives to cover all types of transactions and categories within a short month, from receiving original documents to preparing the final complete financial statements, providing readers with a comprehensive solution for accounting practices.