| The world of accounting can be intimidating. But, more often than not, there's no way to avoid it - even non-financial jobs venture into financial jargon and concepts. For those trying to get more done at the office, organize the dollars and cents in a small business, or just in need of a refresher, there's no reason to turn to the average number-crunching class again.
The Accounting Game is an excellent accounting book that finally explains serious accounting in a fun and easy way. It presents financial information in a format so simple and so unlike a common accounting textbook, you may forget you are learning key skills that will help you get ahead!
This book uses the world of a kid's lemonade stand to teach the basics of financial language and records. You'll run your own lemonade stand and make it grow by creating signs to advertise it, borrowing money from Mom, buying lemons and sugar and selling to the whole neighborhood. As you run your stand, you'll begin to understand and apply financial terms and concepts like assets, liabilities, earnings, inventory and notes payable, plus:
- Know the difference between accrual vs. cash accounting methods
- Create and understand an income statement and balance sheet
- Track inventory using LIFO and FIFO
- Create cash statements and understand cash flow and liquidity
- Apply your new knowledge to real-life situations
The revolutionary approach of The Accounting Game takes the typically mundane subjects of accounting and business finance and makes them something you can easily learn, understand, remember and use!
You will learn the structure and purpose of the three primary financial statements - the balance sheet, the income statement, and the cash flow statement. You will learn how these fit together and their interrelationships. You will also learn the basic language of business-concepts like cost of goods sold, expenses, bad debts, accrual vs. cash methods of accounting, FIFO and LIFO, capitalizing vs. expensing, depreciation, and the difference between cash and profit.
"The game approach makes the subject matter most understandable. I highly recommend this accounting book to anyone frightened by either numbers or accountants." --John Hernandis, Director of Corporate Communications, American Greetings.
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