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Understand Accounting!...

By Derek Stone

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Featured Case Study

Julia’s Retail Shoe Shop

After much research in her community, Julia decided to open a shop specialising in ladies' high quality shoes.  The first trading year has been completed (It ended on 31st March) and  Julia is anxious to know whether the business has made a good profit. She has come to you with a list of its transactions, because she knows that you can build her a set of financial statements....

 Andrew is setting up his new business and developing a five year plan.

As he does so he learns about accounting on a ‘need to know’ basis, and learns WHY as well as HOW the rules work.

See how his plans are linked together and how financial statements and ratios help him become more profitable.

Cash is King and he is able to keep it under review.

 

 

 







 

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Understand Accounting - Derek Stone

Typical Case Studies

study: Julia’s Retail Shoe Shop

This case is a bit more challenging. Now that Julia's business has been trading for a year, she wants you to produce its financial statements and she is eager to hear what advice you can give her. You are provided with:    A spreadsheet    Data   Bl...

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study: Carlo and the spice trade

This is an easy case. In 1502 Carlo finally achieved his life’s ambition and bought a beautiful ship with which he intended to travel to India, following the route discovered by Vasco da Game  where he would acquire spices in exchange for the silver and trinkets...

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