¥ UPDATED 2020 EDITION
¥ New: Includes Chapter Summaries and Solutions to Practice Exercises
¥ Understanding of Financial Accounting Terms
¥ Need, nature and purpose of Financial Statements
¥ Audience of Financial Statements
¥ Balance Sheet
¥ Income Statement
¥ Statement of Cash Flows
Financial Accounting Essentials You Always Wanted To Know: Color Edition prepares new managers and leaders with the foundation to understand financial accounting, a critical tool to document finances to shareholders, government tax authorities and other critical parts of the business ecosystem. The chapters follow in a logical flow to describe the key components of financial accounting, including:
¥ Why are financial accounting systems necessary
¥ Financial accounting systems and terms
¥ The Balance Sheet
¥ The Income Statement
Each chapter provides clear examples of the financial accounting tools and includes practice examples to help train the reader in the usage of these critical tools.