Accounting for Beginners - The Basics: CakeShop Edition

The aim of this book is to teach you the core concepts of accounting in a simplified manner. Accounting can initially seem like a new language and this book is here to teach you just that. You will gain a high-level overview of accounting.. This book is aimed at those who are completely new to accounting; ideally students who are interested in studying accounting or for those who wish to start an accountancy qualification such as the ACA. It is great for beginners but this book will also give insights into how much more there is to come.. Although this book will cover the basics of accounting, it will stimulate your brain. There will be many examples throughout. Given we have been through the very difficult COVID-19 pandemic and many people turned to baking, I have used a running example of starting a cake business.. The book will cover the following chapters:. 1) An Introduction to Bookkeeping and Accounting2) The Statement of Profit or Loss3) The Statement of Financial Position4) The Balance Sheet5) The Dual Concept of Accounting6) Double-Entry Bookkeeping7) Trial Balance and Producing Financial Statements. The book will not teach you how to set up a company or how to prepare your own accounts.. Accounting is not easy and can be overwhelming at first, but I am here to get you through it. Hopefully, you will enjoy it along the way too. Give it some time and practice, you will nail it.