Financial Accounting, Corporate Structure, U.S. Bankruptcy, U.S. IRS Debt Relief, U.S. IRS Audit, Copyright, Patents, Trademarks, Trade Secrets GET IT STRAIGHT
About this ebook
Noncollege accounting text books to have their place, must serve a wider market from those with zero knowledge, to a refresher course. The goal is straight to the point without beating procedures, (transactions) to death as they become robotic.
The accounting part,begins with definitions, debits and credits, accounting principles. We capitalize a ficticious company Healthy Living all thefinancial statements. What makes up the balance sheet and income statement. Get introuced to the 3Q;s: "The qualify of the reports depends on the quality of the input and the quality of the management of the input"
If we don’t know the basics, and can’t confirm the accuracy of the reporting, we give up or power and responsibility to automation.
Although, “Accounting the Language of Business” still needs to engage in the non-accounting, including, business structures, the less savory topics: U.S. Bankruptcy; U.S. Federal Tax Relief Options; IRS Audits. It isn’t all doom and gloom, there’s copyrights; patents, trademarks and trade secrets. This book doesn’t eliminate the need for professional legal counsel.
About the author
My father was an accountant, and as a rebel career wise didn’t want to “Like father, like son” So, right or wrong, went out of his way suggesting careers we both knew, wouldn’t make it. I eventually decided on a hotel management trainee program. After passing through a few departments, it was my turn for a stint in accounting. I may as well have been drafted. I recall, the first task was coming up with a solution to an on-going issue and supporting my reasons. I remained within the hospitality accounting field until the early 2000;s working in chain hotels in London England, Los Angeles and finally New York City. I started as a Night Auditor in the days when they NCR 42 which has long passed to the graveyard. I would say, for the hospitality industry, certainly from the management and administration aspects, they finally entered the modern era. Fortunately, I had upgraded my skills, (continue to this day) enabled me to transfer with ease to consulting with small businesses and taking up corporate employment. Although “Accounting is the Language of Business” and accountants may easily develop the mentality that, accountants and attorneys are protected by full employment due to the constant changing of events. Even with continuing education, full employment is nowhere guaranteed. Although I spent many years in the hospitality industry, thanks to continuing education and an enquiring mind, have capitalized in adapting to accounting outside the hotel industry. Industries tend to look for employees who have extensive experience within that particular industry and unfortunately, it is my perception the industry is inhospitable to those coming from outside. “Accounting the Language of Business isn’t restricted to any one industry. To be fair, accounting for manufacturing an aircraft will need specialized skills. There isn’t a huge difference in taking inventory for beverages as it is for clothing, or one of favorite examples, a health store. I plan on a book release for accounting for the hospitality industry. I have consulted for small businesses as well being solely responsible for the accounting for a small business.
