Publisher's Synopsis
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Do you want to master the fundamentals of financial and managerial accounting? Are you a small business owner who wants to operate a successful and financial sound operation? Do you want to understand financial statement?
Small business owners face many challenges. Apart from building the business from scratch, carving out a niche in the market, and fending off competition from giants in the industry, many internal processes pose a headache for entrepreneurs. One of these is accounting.
Fortunately, accounting for a small business is not as complex as accounting for corporate entities.
This book introduces you to accounting in its simplest form. You will learn about accounting principles under which financial statements and reports should be prepared. As you read this book, you will also realize that learning accounting is a gradual and progressive process. Everything you learn in one stage is useful as you proceed further into the book.
The concept of progression will also help you if you plan on building your career beyond your business.
Many small companies don't remain small forever.
As you increase your market share, you must scale your business and accounting processes to match your growth and customer's needs. The knowledge you learn in managing simple financial reports and statements will act as the foundation for further growth as you scale up operations.
You Will Learn:
- Principles of Management Accounting and Financial Accounting
- Methods of Classic Double-Entry Accounting
- Business Entity Types - Pros and Cons
- How to Create a Budget for Your Business
- How to Manage Accounting
- How to Make a Financial Statement Analysis
- Modern Trends in Accounting
- How to Fraud-Proof Your Business Using Simple Accounting Tactics
- How to Create a Career in Management Accounting
Learning about accounting for small businesses should not limit you to your business alone. There is a whole world of opportunities in different accounting branches that you can explore, including cost accounting, financial accounting, forensic accounting, and management accounting. In each branch of accounting, knowledge of fundamental accounting practices and principles will help you find a comfortable starting point.
Therefore, this book prepares you in accounting for small businesses and also lays the foundation for each branch of accounting you might be interested in pursuing.
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