What is accounting?  Who needs it?  How does it benefit businesses?  In Accounting for Non-Accountants by Dr. Wayne Label, CPA answers those questions.

Accounting provides information that helps people in business increase their chances of making decisions that will benefit their companies. Accounting is the language of business. It is the process of recording, classifying, and summarizing economic events through certain documents or financial statements. Like any other language, it has its own terms and rules. To understand how to interpret and use the information accounting provides, you must first understand this language. Understanding the basic concepts of accounting is essential to success in business.

In your personal life you can use accounting information to make decisions about investing in the stock market, applying for a loan, and evaluating potential jobs. Banks use accounting information to make decisions about granting loans. Government agencies base their regulations on accounting information. Accounting information can even be useful to non-business entities with an interest in how business affect local, national, or foreign communities and community members. Businesses use accounting information for planning and budgeting and for making decisions about borrowing and investing. Overall, accounting aids businesses in the process of making better decisions.

The basics of accounting are the same regardless of the size or type of business. In Accounting for Non-Accountants, you will learn the basics of accounting through the examination of an imaginary small business, Solana Beach Bicycle Company. For more complex businesses, the economic transactions become more varied and complex as does the process of reporting them to various users. The foundation of it all, however, remains the same. This book will give you a solid foundation you will be able to use in any accounting situation you encounter.

Whether you own a business or do not, even if you've never had any experience with accounting and financial statements, this is the book for you.

I hope that you find this book useful in helping you to understand these accounting issues as they apply to your small business and to your personal life. Please feel free to contact me at AskDrL@LearnAcctgonline.com  with your thoughts on the book.

To purchase a signed copy of the book contact me at AskDrL@LearnAcctgOnline.com. To purchase an unsigned copy go to Amazon.com or go to Sourcebooks.com

Thank you for visiting my Web site.
Dr. Wayne A. Label, CPA