PDF Ebook Accounting Made Simple: Accounting Explained in 100 Pages or Less
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Accounting Made Simple: Accounting Explained in 100 Pages or Less
PDF Ebook Accounting Made Simple: Accounting Explained in 100 Pages or Less
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Product details
Paperback: 114 pages
Publisher: Simple Subjects, LLC (2013)
Language: English
ISBN-10: 0981454224
ISBN-13: 978-0981454221
Product Dimensions:
5 x 0.3 x 8 inches
Shipping Weight: 6.4 ounces (View shipping rates and policies)
Average Customer Review:
4.4 out of 5 stars
450 customer reviews
Amazon Best Sellers Rank:
#6,876 in Books (See Top 100 in Books)
As an academic turned entrepreneur, I needed a quick and systematic introduction to accounting concepts. I've bought many books, but so far Piper's has been the clearest of them all. (Not to mention the shortest, another quality that most academic books painfully lack!) Its strength is that it provides clear definitions and explanations that assume no prior knowledge of accounting or finance. One example from page 2: "At its most fundamental level, accounting is the system of tracking the income, expenses, assets and debts of a business." Using these simple but not dumbed-down explanations, the reader quickly develops a good understanding of accounting as a whole. I feel I can now integrate more advanced concepts and methods into this general framework.The book is divided into two main sections with respectively 6 and 8 chapters.Part One ["Financial Statements"]:* introduces the basic accounting equation ("Assets = Liabilities + Owner's Equity");* defines "retained earnings";* explains the three types of financial statements that a company needs to produce (Balance Sheet, Income Statement, and Cash Flow Statement);* teaches you how to use these statements to calculate a company's liquidity (ability to repay debts), profitability, leverage (reliance on debt), and inventory turnover.Part Two ["General Accepted Accounting Principles (GAAP)"] explains:* why all public companies have to use the same accounting principles (called GAAP);* the notions of debit and credit used in bookkeeping;* the difference between "cash accounting" and "accrual accounting";* how companies balance their books at the end of each accounting period;* other GAAP concepts like recording assets at their "historical cost", what transactions are "material" to the company's financial statements, etc.* depreciation and amortization;* how companies keep track of their inventory (LIFO method vs. FIFO method) and how they calculate the "Cost of Goods Sold."If you're not too sure what these concepts mean, this book is probably for you. Each chapter ends with a "Simple Summary" of the chapter's main points. Using these summaries, you can skim the entire book in a few minutes before delving into the chapter of your choice. Whenever Piper mentions a concept he hasn't explained yet, he refers you to the chapter where that concept is explained, so that you never lose thread. And if that's not user-friendly enough, he even offers a refund to readers who are not fully satisfied with the book!The index, an oft-neglected tool, is very thorough. As such, it is much more useful than the very basic index you find at the end of most finance and accounting books. It will prove invaluable to those who wish to study one particular concept more thoroughly. The notion of "Accounts Payable", for instance, is discussed mainly on pp. 12-14, but it is also mentioned on pages 24, 35, 51, 58, 67, and 83, something you wouldn't know from reading the table of contents or a less well-designed index.Finally, to make sure you've mastered all the concepts presented in the book, you can head to the author's blog (called "oblivious investor"; full link given in the book) and try to answer the practice questions. You'll be surprised at how quickly you become proficient at calculating a company's "debt to equity ratio" or its "inventory turnover"!All in all, an excellent little book and a solid stepping stone for learning more complex accounting.
I just read through this title for the second time. The author's brief explanations and concise, and numerous, examples make it the perfect look-up or how-to reference. As a business owner, I refer to this book as well as "Bookkeeping Made Simple" to keep me sharp and my books accurate.If you don't manage your books directly, this title will give you the skills to double check your account's and bookkeeper's work and help you ask intelligent questions.
I bought the Tax Made Simple book and loved it. Learned a ton I thought I should have known since college. I don't know anything about accounting so bought this one and thought the examples were alright, but I wish the author broke it down a little bit more and used better examples? I don't know, I just wasn't feeling this book. The Tax one was great though.
This short book serves as a very basic introduction to accounting principles and terminology. Intended for those who probably do not know a thing about accounting, it goes over the basic concepts such as balance sheets, double-entry accounting, the accrual principle, GAAP, and some other basics. Included are several simple examples of how a small business might use these concepts in real life.I read it in only a couple of hours and I felt this was a good introduction to the subject to those who know nothing or very little beforehand. It gives a good base of information for further study.
I wanted a book that explains the very basics to a novice and this hits the mark. I have read other books but been none the wiser. This book is basic and for the total beginner - probably not the book for you if you need more in depth information but if you want to clearly understand the absolute basics this covers it all nicely.
I purchased both this and the Accounting for Dummies and much preferred this version. It was an easy read supplemented with great examples that made the concepts digestible and comprehensible.
I came into this book with a very preliminary understanding of accounting and a relatively strong math background, but this really broke down a lot of concepts and helped me to understand not just the "how", but the "why". Having done some further reading since this book, I can say that this was a pretty fantastic introduction.
This book provided me with a crash course on the accounting world. It was an excellent refresher and this book can easily be read in just a few sittings.I suppose the only think feel to make note, and the author even says this in the introduction, is that this book couldn't possibly cover all there is to know about accounting. As the the title would suggest, there is a lot more to learn, and a lot more in depth these topics can be. With that being said, I think this book does an excellent job bringing together all of the important aspects in accounting.
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