Summary of Peter Frampton & Mark Robilliard's The Joy of Accounting

Please note: This is a companion version & not the original book. Book Preview:

#1 Every accounting story is told from the point of view of a business entity. The business entity is separate from its owner. The owner and the entity are never the same.

#2 The separate entity concept is so important that it has a symbol. The pineapple symbol stands for it, and you should always remember to check your point of view.

#3 The purpose of accounting is to provide useful information for decision-making. To do this, the accountant sorts and groups similar assets and debts into groups, and then measures them. Data becomes information as long as you can understand the language.

#4 When reading financial statements, you should be asking yourself a variety of questions, such as: What is the company’s growth rate. How much of the company’s assets did it have to consume in order to grow them.

© 2022 IRB Media (Ebook): 9798822530935

Data de lançamento

Ebook: 6 de junho de 2022