Duration:
Self-study or classroom training
Description:
The 50-Minute Manager Series was designed to cover critical business and professional development topics in the shortest time possible. Our easy-to-read,
easy-to-understand format can be used for self-study or classroom training, or even office training. With a wealth of hands-on exercises, the 50-Minute
books keep you engaged and help you retain critical skills.
Written for the beginner, this concise guide maps out the accounting cycle: balance sheets, income statements, ledger transactions, trial balances, and
closing entries. Ideal for small or new businesses, this book explains single-entry and double-entry accounting and cash versus accrual accounting.
Table of Contents:
Introduction
Part 1: Overview of the Accounting Cycle
The Accounting Cycle
Steps in the Accounting Cycle
Temporary and Permanent Accounts
Part 2: Cash or Accrual Accounting?
Cash or Accrual Accounting?
Part 3: Basic Recordkeeping Systems
Setting Up the Books
The Chart of Accounts
Key Word Recognition
Single-Entry Recordkeeping
Double-Entry Recordkeeping
A Few Recordkeeping Techniques