Читать книгу Reading Financial Reports For Dummies - Lita Epstein - Страница 68

IN THIS CHAPTER

Understanding the two main accounting methods

Deciphering debits and credits

Examining the Chart of Accounts

Looking at the different types of profit

Ah, the language of financial accounting — debits, credits, double-entry accounting! Just reading the words makes your heart beat faster, doesn't it? The language and practices of accountants can get the best of anyone, but there's a method to the madness. Figuring out that method is a crucial first step to understanding financial reports.

In this chapter, I help you understand the logic behind the baffling and unique world of financial accounting. And you don't even need a pocket protector!