This book provides an easy to read, concise introduction to accounting. The book is designed to help small business owners, accounting students, bookkeepers and non profit managers grasp the fundamentals they need to interpret and analyze financial statements. No prior accounting or business background is needed to understand the material in this book.

Topics Covered

The Fundamental Accounting Equation
Debits and Credits
Recording Transactions
Cash versus Accrual Accounting
Receivables and Payables
Deferred Revenue and Prepaid Expenses
Fixed Assets and Depreciation
Inventory and Cost of Goods Sold
Adjusting and Closing the Books
Compiling the Financial Statements
Gauging the Reliability of Financial Statements