Accounting Audiobook with Cheeky Narration
Description
Vocal Characteristics
Language
EnglishVoice Age
Middle Aged (35-54)Accents
North American (General) North American (US Mid-Atlantic) North American (US Midwest- Chicago, Great Lakes)Transcript
Note: Transcripts are generated using speech recognition software and may contain errors.
the joy of accounting, a game changing approach that makes accounting easy. Written by Peter Frampton and Mark Rowe Billiard sample narration by dan Hinkel wits. I hear that you love pineapples. Couldn't agree with you more delicious, love them prickly, yes, but also juicy and an old symbol of hospitality to going way back hundreds of years to a time in europe when they were rare exotic imports, people would pass them around and display them on their mantles and here you are now walking into our store, lemonade and laughter for a fresh specimen. Welcome! I'm so glad you're here, you've come to the right place to get one of those amazing fruits. So here we are you to buy a pineapple, I to sell a pineapple. Now enter Annie the accountant. She's the business storyteller. She's going to tell the financial story of what happens in our mutually beneficial transaction. You giving me cash, me giving you a pineapple, me gaining cash and you gaining a pineapple fine. But whose story will she tell yours or mine? Let's hit pause for a minute on this playful and somewhat quirky start to what is in truth, a wholly serious accounting book, because here comes the most important cornerstone of the linguistic construct that is accounting, an underappreciated point, a misunderstood distinction that almost everybody gets wrong. It's the source of myriad confusions, mistakes, misconceptions, and incorrect definitions in the world of finance and accounting. The issue centers around this question of whose story is being told yours or mine. And the answer is neither insert long silence. The story that we're about to tell about this pineapple exchange scenario is the story of lemonade and laughter itself. Every accounting story is told about. And from the point of view of a business entity, this business entity is undertaking the sale transaction and is always separate from its owner. There's always a business entity and there's always a separate owner of the entity. The business entity and the owner are never one and the same. Sometimes it's obvious that the business is a separate thing. For example, the business may be called lemonade and laughter ink ink means incorporated as such. It's clear that there's a corporation which is registered and which has a life of its own. But even if this isn't the case if there isn't a separate registered corporation for accounting purposes, there must exist a separate entity whose story is told. Let's say I grow pineapples in my own backyard, and I sell them in my own name, as what's called a sole trader, accountants will tell the story of a separate pineapple selling business. The businesses imagined, or as we say, the separate entity is imputed, I the one who grows pineapples in my backyard, become the owner of the imputed, separate accounting entity. So even in our little backyard scenario where lemonade and laughter is me, there are three parties, you the customer, me, the owner of the enterprise and worker in it, and lemonade and laughter. The business entity undertaking the financial activities about which Annie will tell the story. This separate entity concept is so important for you to understand that we're giving it a symbol a pineapple of course, from now on in this book, the pineapple symbol stands for remember the separate entity and check your point of view. Whenever you see the pineapple map pin image in this book, you're reminded to check whether you're thinking about the situation from the correct point of view. One of the many teachers around the world who uses the color accounting learning system technology in this book to teach school kids is Anne Brown, and he taught for years in high school and ultimately became a national high school examiner of accounting. And he said to us one day, you know, after teaching accounting for 40 years, I now reckon that getting the point of view right is the most important thing. If you're going to understand the subject