Learn Basic Accounting Fast & Easy!

by Logan Musil

Wouldn’t it be great if learning basic accounting was fast and easy? That’s what this short book is all about. Fast—60 minutes or less. Easy—like keeping score. Bite-sized lessons. Simple illustrations. No prerequisites. Master accounting basics by building on what you already know—how to add up points scored by a team! We start out with a one-hour-or-less crash course. We add up points for a few games, and before you know it you’ve mastered accounts, ledgers, double-entry accounting and the accounting equation! We then switch gears to real-world accounting, where points become dollars. Before long you’ll be a pro at basic accounting! Some of the essentials you’ll learn in no • The purpose of What is the score? • Accounts and Keeping score the easy way • Double-entry One game, many points • The accounting Keeping score for teammates and me • How to record transactions using the accounting equation and double-entry Just like adding up points (for games), but with dollars (for transactions) • Debits & It’s that easy?! • How to prepare financial • Balance The today picture o How much do we own—today? o How much do we owe—today? o Owners’ How much is left over—today? • Income The annual picture o How much did we make—this year? o How much did we spend—this year? o Net How much did we profit—this year?

94 pages, Paperback

First published July 24, 2015