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The essential guide to financial accounting

In today's financial world, you must know how to read and interpret financial reports/statements in order to effectively serve investors, creditors, and tax authorities. This is especially true in light of recent accounting scandals.

"Mastering Accounting Essentials" is an important guide for those who need to understand the language and law of this discipline in order to talk to accountants and clients in an intellectual manner. Part One of the book uses an extended scenario to present the basics of financial accounting. Along the way, you'll become familiar with inventory valuation methods as well as the timing of erosion of productive assets. Part Two focuses on financial statements and shows you how internal managers calculate ratios and trends to evaluate business efficiency. Here, you'll also discover how bankers review statements to determine solvency. Through theory and real-world examples provides a solid grounding in financial accounting Other titles by McCrary: "How to Create and Manage a Hedge Fund" and "Hedge Fund Course" Covers the essential elements of this field, from double-entry book keeping to LIFO, FIFO, and straight line depreciation

"Mastering Accounting Essentials" offers a hands-on approach to accounting that will allow you to gain a solid understanding of this discipline.