September 2017
Beginner to intermediate
301 pages
7h 14m
English
Content preview from Financial AccountingBecome an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
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1Introduction to accounting
Why is accounting necessary? Many students and professionals consider it boring, tedious, complex, or worse. So many laws and regulations, so many principles and methods – all sound similar, but are different. Why bother?
Imagine a businessman running a small business. He has no employees; he just works on his own. In a market economy, a business provides goods or services for other people, typically customers who pay for them. On the other hand, the businessman runs the business to provide a cash flow to cover his living expenses. When the businessman looks for new customers, an important question arises: What price should he charge for his goods or services? There are two perspectives on this question. The first ...
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I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.