"Find all of the following, explained in plain-English with no technical jargon: the accounting equation and why it's so significant; how to read and prepare financial statements; how to calculate and interpret several different financial ratios; the concepts and assumptions behind Generally Accepted Accounting Principles (GAAP); preparing journal entries with debits and credits; cash method vs. accrual method; inventory and cost of goods sold; how to calculate depreciation and amortization expenses"--Page 4 of cover. Includes bibliographical references (pages 101-102) and index.

Introduction: What is accounting? -- Part One: Financial Statements -- Accounting equation -- Balance sheet -- Income statements -- Statement of retained earnings -- Cash flow statement -- Financial ratios -- Part two: Generallly accepted accounting principles (GAAP) -- What is GAAP? -- Debit and Credits -- Cash vs. Accrual -- Other GAAP Concepts & Assumptions -- Depreciation of fixed assets -- Amortization of intangible assets -- Inventory & CoGS -- Conclusion: The humble little journal entry. Explains the basics of accounting, such as balance sheets and income statements. Discusses generally accepted accounting principles (US GAAP), such as straight-line depreciation and intangible assets.