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Get the in Summary of Karen Berman & Joe Knight's Financial Intelligence, Revised Edition 20 minutes. Please note: This is a summary & not the original book. "Financial Intelligence, Revised Edition" by Karen Berman & Joe Knight provides an in-depth exploration of the complexities and nuances of corporate finance and accounting. The book reveals how financial statements can be legally manipulated to present a more favorable view of a company's financial...
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Please note: This is a companion version & not the original book.
Book Preview:
#1 The most important concept in accounting is the accounting equation, which is made up of the following four elements: assets, liabilities, expenses, and equity. You will need to understand these elements to understand how to categorize your assets, expenses, and liabilities.
#2 The two sides of the accounting equation are always equal to each other. For every transaction...
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Get the Summary of Robert Kiyosaki's Rich Dad's Guide to Investing in 20 minutes. Please note: This is a summary & not the original book. Original book introduction: Investing means different things to different people… and there is a huge difference between passive investing and becoming an active, engaged investor. Rich Dad's Guide to Investing, one of the three core titles in the Rich Dad Series, covers the basic rules of investing, how to reduce...
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English
Description
Get the Summary of Karen Berman's Financial Intelligence in 20 minutes. Please note: This is a summary & not the original book. "Financial Intelligence" by Karen Berman delves into the nuances of financial statements and the subjectivity involved in accounting and finance. The book reveals how companies can legally manipulate their financials through practices like adjusting accruals or reclassifying expenses, which can significantly impact reported...
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Get the Summary of Mike Michalowicz's Profit First in 20 minutes.
Please note: This is a summary & not the original book.
Original book introduction: Conventional accounting uses the logical (albeit, flawed) formula: Sales - Expenses = Profit. The problem is, businesses are run by humans, and humans aren't always logical. Serial entrepreneur Mike Michalowicz has developed a behavioral approach to accounting to flip the formula: Sales - Profit...
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English
Description
Please note: This is a companion version & not the original book.
Book Preview: #1 The first principle is that there is a business entity separate from its owners; this entity is referred to as a company. The second principle is that all transactions must be recorded, regardless of importance, in the books.
#2 The accountant's job is to translate the business's financial data into a form that is suitable for management and investors. The process...
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