Description
We have Accounting for the Dummeys, Accounting for the Idiots, now we have "Financial Accounting Get it Straight. Thia book has no resemblence to either one of those mentioned The author understands that there is a wide audience out there from those have absolutely no knowledge of accounting, to small business operators who think they know accounting and after a few meetings with their professional accountants realize how little they know. There is a widespread fear and dislike of accounting. The author, Errol Deacon stresses that this book is very practical, but there are ample discussions on rules and procedures. The reader cannot wander from the topic on hand, the style of the book makes it virtually impossible The book is designed on the Question, Answer and explanation format There are complete Departmentalized Income Statements and Balance Sheets in this book Unlike the question and answer format in the newspaper, there is a large Question Mark denoting there is a question, and the response icon is a man conducting a meeting. Just when you are about to ask a question or the mind wonders, there is another qustion. The publisher hasn't come accross a serious book written anywhere close to this format, and this could set the trend for the future Financial Accounting Get it Straight begins with a short history of accounting, putting the record straight what accounting can and do accomplish. This is especially beneficial for those that dislike accounting and are intimidated by the terminology before they even get going, the author takes a middle income family in the United States financial assets and liabilities as a starting point, and within the first twenty pages has produced aBalance Sheet and Income Statement for this family. His attitude is, get rid of the fear first by introducing accounting at the home level. Readers will get a trangible result within the first twenty five pages, You won't know accounting in twenty five pages, but for those that want proof early in the game that you are not wasting you time completing the book, this is it The Author doesn't stay very long at this level, moving on agressively to the T Account, Capitalization, the Income Statement, (Profit or Loss) and the Balance Sheet. There are dedicated chapters for Inventory, Depreciation, Payroll, Accounts Receivable and Accounts Payable, Long-term liabilities and an introduction to Off Balance Sheet Accounting In short, this is close to a college textbook in scope condensed into a concise format. The author is keenly aware of "repitition is the mother of learning" and just when you don't expect it he will repeat one or more of the three, slogans that help you master this subject There is the Deacon 3Q's, Timing, Timing Timing and the other one? You will have to buy the book
