By Wayne Label
A quickly, Compact, and Easy-to-Understand source for Non-Accountants
Accounting for Non-Accountants is the must-have consultant for we all who've by no means taken an accounting type, are mystified by means of accounting jargon, and feature no clue approximately stability sheets, source of revenue statements, or statements of money flows.
Whether you personal a enterprise, plan on beginning one, or simply are looking to keep watch over your individual resources, you'll locate every little thing you must know:
•How to arrange and use monetary statements
•How to manage funds flows
•How to regulate budgets
•How to take advantage of accounting ratios to
•How to accommodate audits and auditors interpret monetary statements
Let this booklet assist you love it helped those readers:
"Dr. Labels motives are basic and simple. "
"This may also help me much as I manage my very own company. "
"I have labored in accounting for over twenty-five years, and this can be the simplest ebook i've got noticeable to aid individuals with the fundamentals of accounting."
For marketers or a person who must brush up on accounting speedy, this booklet can have you up and working in no time.
Read or Download Accounting for Non-Accountants: The Fast and Easy Way to Learn the Basics (3rd Edition) PDF
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Additional info for Accounting for Non-Accountants: The Fast and Easy Way to Learn the Basics (3rd Edition)
Sample text
The term “immediate” is interpreted in the context of the normal settlement period in the market. For example, in commodities, cash market transactions usually settle in two business days; in the United States, common stock transactions usually settle in three business days; Treasury bonds usually settle in one business day; and currencies usually settle in two business days. Thus, immediate settlement is understood to be one day in some markets, two days in other markets, and three days in still other markets.
This is in contrast to registered bonds in which ownership is continuously tracked. Bearer bonds were the standard form of ■ 19 bonds many years ago, but registered bonds are far more common today. bearish Describes a person who believes that a particular asset or group of assets will fall in value. One who is bearish is inclined to sell the asset. This is in contrast to one who is bullish and believes the value of an asset will rise. With respect to interest rates, a bear believes that rates will rise thereby implying that bond prices will fall.
Barbell portfolio A portfolio of bonds that is concentrated in two securities, one with a relatively long duration and one with a relatively short duration. Both positions are held long or both positions are held short, so that the duration of the portfolio is a weighted average of the two extreme durations. barrier options Options that are triggered when an underlying asset price crosses a given price level, called the barrier price. Barrier options are path dependent. There are two general types: knock-in and knock-out.