Showing results by narrator "Bob Steele CPA" in All Categories

Accounting fundamentals, accounting foundational concepts, and accounting concepts every student, business owner, and business professional needs to know. This audiobook can be used by beginners and by any person at any level because these are the concepts on which all other accounting concepts are built.

In this audiobook, we will explore the accounting closing process, the final process in the accounting cycle, the critical process needed to prepare for the next accounting period, and a process often misunderstood.

This book covers the adjusting journal process of financial accounting and the creation of financial statements, the creation of financial statements being the end goal of financial accounting, the product that the financial accounting system is designed to produce. Financial statements are the primary tool decision-makers use when making financial decisions. Financial statements are the preferred format for financial data to be compiled.

Although it is possible to read financial statements without a full understanding of how they are constructed, and it is possible to work in an accounting department performing accounting tasks including data entry, without fully understanding debits and credits, it is not possible to have a complete understanding of the financial statements or financial accounting without an understanding of transactions recorded using debits and credits.

Accounting Instruction Reference #100 will cover introductory accounting topics needed as a foundation for developing an understanding of most accounting concepts, accounting basics - including accounting objectives, the double entry accounting system, and the accounting equation. The accounting 101 concepts presented in the audiobook are at the heart of all financial accounting.