BASIC ACCOUNTING CONCEPTS

About the Book

Basic Accounting Concepts is a book written for people who desire or need to understand accounting terminology and processes without all of the complexities and technical language often associated with such a study. Readers will learn, in simple, everyday language the main concepts of accounting including the accounting cycle process and other accounting functions used by a business. The concepts learned in this book will also help the reader in organizing their own personal finances. Among the topics discussed in this book are budgeting, bank reconciliations, and preparing a simple Balance Sheet that may be required by the bank if you are applying for a loan or mortgage. The reader will also learn the complete accounting process involved in “keeping the books” for a small business.

About the Author

The author, Michael Pingle, CGA attained his professional accounting designation in Ontario, Canada in 1987. Mr. Pingle has been employed in a senior financial manager role in the Ontario college and university system, in a municipal government of a small community in Nunavut, Canada as well as the territorial government of Nunavut. Mr. Pingle has also taught several courses on this subject at the College level.