Financial Accounting: A Mercifully Brief Introduction

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