ARE YOU:
STARTING A NEW BUSINESS? THEN THIS IS A MUST FOR YOU.
A MANAGER ? IT WILL HELP YOU TO UNDERSTAND YOUR INTERNAL CONTROL DOCUMENTS – AND THE ACCOUNTANTS WHO PREPARED THEM!
A STUDENT? IT ANSWERS ALL YOUR QUESTIONS ABOUT HOW ACCOUNTING WORKS; DEBITS AND CREDITS WILL NEVER CAUSE YOU CONCERN AGAIN.
‘Understand Accounting’ tells a story about Andrew, who is setting up a new business and who needs to prepare a five-year plan. He asks a friend, Richard, to help him and he learns that recording his plans is as easy as 1=1.
Andrew asks many questions and perseveres until he is sure that he really understands WHY the system works.
This company has been examined by a Parliamentary select committee and I have analysed it’s financial statements. Here is a summary of my conclusions, to see the full picture download the case study located under Products/cash flows.
THE ANALYSES OF ADDITIONAL COMPANIES ARE TO BE FOUND IN THE PRODUCTS/CASES CATEGORY.
MORE WILL BE ADDED AS THEY APPEAR IN THE NEWS
study: EASYDRIVE LTD.
This is an easy case. Joan has been teaching driving for many years. Until recently she has been content to just produce the information necessary for her to pay her taxes. Now she would like to see a full set of accounts and she has asked you to produce them. she va...
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 Gama, where he would acquire spices in exchange for the silver and trinket...
