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THE COMPLETE'S IDIOT GUIDE TO ACCOUNTING
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Today we live in a world with financial demands on our time and our thinking. Never
has it been more important to you and to your family to understand “where you
stand” in your finances. What do you hope will be your financial future? At last there
is a book that shows you how to “set the record straight.” How are you doing, dollars
and cents-wise? You have to understand your finances in today’s constantly changing
money world, much more than your parents did (or didn’t). With companies “outsourcing”
jobs to foreign countries, where do you find a job? More and more of us
are setting up our own small businesses and/or consulting enterprises to make a living.
Our motto should be “keep the books!”
Doing business requires a vision of what you are contributing to the services and/or
the products for your customers and your community. To achieve that vision requires
a detailed plan including your financial goals and the resources you will need (human
and financial), what geographical area you will serve, as well as what human and fixed
assets are required. Now plan your sources of funding, both equity and debt. You
know you must hire employees and motivate them to achieve the goals you have set.
Payrolls and benefits have their own measures, which are described in this book.
Another section of this book will walk you through the process of leading, motivating,
and measuring your “associates’” productivities, the records required, and how to file
their reports. (Never call them “employees” anymore.)
It was my privilege to co-author a book about the Federal Reserve, our nation’s central
bank, with Lita Epstein: The Complete Idiot’s Guide to the Federal Reserve (Alpha Books,
2003). We translated “fedspeak” that we all see in our newspapers into English. Lita’s
accounting expertise was very contributory to our communicating what all that
accounting jargon and data about the money supply and interest rates really means.
Once again, in this book, The Complete Idiot’s Guide to Accounting, Lita Epstein, along
with her co-author Shellie Moore, make a potentially confusing topic accessible to
everyone.
Wherever you go and whomever you deal with, the question will inevitably be asked,
“How are you doing?” Your sales, profits, costs, and tax liabilities will be reported and
projected in many ways, as explained in this book. In this “information age,” many of
us are getting used to measuring, checking, and evaluating our companies, our investments,
and our many obligations, private and public. No, you don’t have to file “everything”
with each of your regulators and the “taxman,” but it certainly seems like it. You
really need the understanding of the results measurement. I can still remember how
the financial institution startups my partners and I did in California required all those
records and reports, and this was three decades ago. And more is demanded today!
Today’s business world is marked by the scandals (and the alleged missteps) in business
reporting. Yes, the stories are about the large entities, the Enrons, the Worldcoms, and
“Freddie” (The Federal Home Loan Mortgage Company). However, those stories just
make it more important today for each of us to gear up our understanding of accounting,
reporting, and financial planning.
In this book, Epstein and Moore walk you through the process of comprehending
the measurement of assets, liabilities, income, and expenses. When that accounting
language begins to sound confusing, flip to the glossary in the back of their book!
Let me sum up by confessing that I wish I had possessed a copy of The Complete
Idiot’s Guide to Accounting when I was investing my time and my resources in banks,
insurance companies, and financial service entities. I strongly recommend this book
to you for the family, business, and governmental dealings you will have in this everchanging
world in which we live!
Lita Epstein and Shellie Moore - Personal Name
ISBN: 1-4406-1476-8
NONE
Accounting
English
ALPHA
2006
USA
1-326
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