Accounting Made Simple: Accounting Explained in 100 Pages or by Mike Piper

By Mike Piper

Locate the entire following defined in Plain-English without technical jargon:
The Accounting Equation and why it's so significant
How to learn and get ready monetary statements
How to calculate and interpret a number of diversified monetary ratios
The suggestions and assumptions in the back of commonly approved Accounting rules (GAAP)
Preparing magazine entries with debits and credits
Cash procedure vs. accrual method
Inventory and price of products Sold
How to calculate depreciation and amortization charges

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1985), pp. 40-59. See Jensen, M. C. (1993), p. 868. /Santomero, A. M. (1997), p. 1462. 6 Introduction however, from the associated restrictive assumptions, there are a number of arguments contradicting the irrelevancy of financing decisions and serving to explain the existence of 17 financial intermediation. Empirical work questions the efficient information processing of capital markets and tends to support weak form informational efficiency and partially backs 18 semi-strong form efficiency.

Conflicts of interest arise among others by the different risk appetite of the two parties. e. e. 34 Managers will tend to use this discretionary power to maximize their individual utility rather than acting in the best interest of the principal since in their role as decision agents they do not bear a major share of the financial consequences of their decision. 35 For the current purpose two principal categories of agency conflicts shall be distinguished. 36 ƒ Moral Hazard (Hidden Action) subsumes any such action by the agent that increases his own utility at the expense of the principal’s utility.

See Fama, E. F. (1970), pp. 383-417. g. Wilhelm, J. E. M. (1985), pp. 40-59. See Jensen, M. C. (1993), p. 868. /Santomero, A. M. (1997), p. 1462. 6 Introduction however, from the associated restrictive assumptions, there are a number of arguments contradicting the irrelevancy of financing decisions and serving to explain the existence of 17 financial intermediation. Empirical work questions the efficient information processing of capital markets and tends to support weak form informational efficiency and partially backs 18 semi-strong form efficiency.

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