Accounting Acquaintance: An Introduction to Accounting: Theory and Practice

For those seeking a straightforward introduction to accounting, this is the book you need. Onyerhovwo Katherine Erakoro Akinbola, an experienced accountant in Canada, explores accounting in its purest form in this textbook, highlighting various approaches to accounting with beginners in mind. Readers will find dozens of alphabetized definitions, such as accrued interest, accrued income, cumulative preferred stock, depreciation, equity, fixed assets, goodwill, intangible assets, market value, and salvage value. The author also examines financial statements analysis, why working capital is critical for businesses, common forms of businesses (including sole proprietorships, partnerships, and corporations), accounting for charitable organizations, and various accounting reports. Filled with worksheets, examples, and summaries that reiterate important concepts-as well as a glossary-the author makes what many think is a complicated subject easy to understand. Whether you need a refresher in accounting or are studying the subject for the first time, this textbook gives you a broad overview of knowledge.