Accounting and Business aren’t boring
Here is a new approach
"Experience a transformative journey through the Get it Straight Series, as we unveil complex accounting and business concepts with a unique question and answer format."
Actions speak louder than words
The 3Q’s:The quality of the reports depends on the quality of the input and the quality of the management of that input.™
ESSENTIALS OF BASIC ACCOUNTING
This 82 page: “Introducing the Essentials of Basic Accounting, Get it Straight is, a thorough introduction to the essentials: Beginning with the basic definitions, to what makes up the financial statements, (U.S. GAAP and IFRS) debits and credits, the Chart of Accounts, what is an account?
Oher topics include: Accruals, depreciation disposition of a capital asset, cost of sales, subscription revenue, prepayments, adjusting journal entries, cash vs the accrual methods, manufacturing and Ratios.
multinational.
Anybody can produce a financial statement or the data for tax filing. Is it Accurate? The 3Q’s: The quality of the reports depends on the quality of the input and the quality of the management of the input”
Don’t wait for a financial disaster before gaining these essential accounting basics.
Finanacial Accounting, Corporate Structure, U.S. Bankruptcy, U.S IRS Debt Relief U.S IRS Audit, Copyright, Patents.Trademarks Trade Secrets - Get it Straight
The book is about 80% Question and Answer format:
Non-college accounting text books must serve a wider market from those have no knowledge to those looking for a refresher course. The goal is going straight to the point keeping procedures, (transactions) to the minimum as they can become become robotic.
The accounting part, begins with definitions, debits and credits, accounting principles. The transactions cover from capitalizing a fictitious company Healthy Living to the financial statements.
We cover, esentially, what makes up the balance sheet and the income statement, accruals, the chart of accounts, cost of sales, adjusting journal entries, prepayments, deferring income, etc. There are short chapters on depreciation, inventory, manufacturing, cost of sales, etc. “Figures never lie, sometimes liars figure” and my own: “The 3Q’s: “The qualify of the reports depends on the quality of the input and the quality of the management of the input.
“Accounting the Language of Business” is a living language with its own dialect. You wouldn’t begin learning a foreign language at the conversational level. Failure to master the basics is often the root cause for the difficulties at the advance levels, if they reach that level in the first place.
Although, “Accounting the Language of Business” we need to familiarize oursleves for example, business structures, U.S. Bankruptcy; U.S. Federal Tax Relief Options; IRS Audits, copyrights, patents, trademarks and trade secrets. This book doesn’t eliminate the need for professional legal counsel. The chapter on bankruptcy introduces the basics. (Chapter 7, 11, 13 14 and 15) Stressing again, engaging an attorney is paramount.
The majority don’t deliberately get into tax arrears. The IRS offers programs that are availble to get back into their good graces. There’s more than one type for an IRS audit. What’s looks like an audit may be request to clarify information from a mismatched 1099!
Coming to Intellectual Property: We can’t replace the incredible knowledge professionals practicing in this field yield. It hepls having the basics before the first meeting.
While the focus on on the United States, there isn’t one international copyright, patent or trademark. We introduce the international treatie. Don’t be a know all and engage competent counsel.