Book Yoda. Business & Investing.

I need to know the following chapters
-Financial Statements (with details)
-the accounting information system
-accrual accounting concepts
-merchandising operations and the multiple-step income statement
-reporting and analyzing inventory

These are broad concepts, it will be better just to google them. This link might help you but searching yourself is better

http://www.accountingcoach.com/accounting-terms/accounting-dictionary/index.html

2008-03-24 16:15:10 by lizzie

Introductory Accounting Lecture. First in a series.

Absolutely. They are more important now than ever. Thanks to the internet, more and more people have access to, and therefore rely on, financial information. This information has to be prepared in a consistent manner, and the preparers of these documents are held responsible.

2007-12-23 18:26:15 by Abadi

WorldCom accounting fraud was astonishing for both the magnitude of the errors in the financial statements, and the simplicity of the accounting. We're not talkin' 'bout complex financial arrangements, arcane consolidation, pension, stock option or revenue recognition rules; we're talkin' the third week of Accounting 101. We're talkin' about capitalizing telephone line access fees ("line costs") that should have been expensed. Over a number of quarters, $3 billion in payments that should have been reported as expenses on the income statement were parked in property and equipment (P&E) accounts on the balance sheet.

2008-06-10 13:26:53 by Josh W

This topic is to be discuss and i need more details on the subject
concepts, measurement and structure of accounting. this is group paper and i need some help on this topic.

basic concepts of accounting is the assets = liability + equity....assets consists money, money owed to you, etc.
liability is money you owe to other people, long term loans, etc.
equity is the property/equipment you own, stocks, long term investments, etc.

the idea is the what ever you do on one side of account the other side have to have an offset...thus debit and credits come in check out the accounting association website they have info or get the Book for Dummies:Accounting/Bookkeeping

2006-10-26 10:45:49 by viola b

I am working at an exporting office in Guanghzou. I am not accountant, but I need to start learning that. All what I need at this time is the principles, methodology of this kind of business' accountance. I would be grateful if you can advice

There are two equations in accounting that are extremely important to remember:
Assets = Liabilities + Owner's Equity
Debits = Credits

Those two equations are always true and must be so! Whenever one of those equations fail, the accounting was done incorrectly.

You need to learn how what type of accounts are affected by debits and credits:

Assets - debits increase the balance and credits decrease the balance.
Liabilties and Owners' Equity work just the opposite.
Income - credits increase the balance and debits decrease the balance
Expenses work the opposite of income.

In exporting, you will need to mostly track your billing and expenses properly for accounting purposes. If you are merely freight forwarding, you won't have to worry about inventory, but if your company makes the products they export or purchases them and holds them in inventory until someone buys them, then you will also need to track inventory.

In the US, many companies use QuickBooks software to track everything. If you have that available in Guangzhou, I recommend it. It is very user friendly and help you make the proper accounting entries. I also recommend taking some classes to get your knowledge increased more quickly.

2008-02-21 18:54:18 by tomorrow never dies