Now in its fifth edition, this successful text introduces the basic principles and underlying concepts of accounting and finance. It adopts a practical, non-technical approach, making it the ideal text for students from non-accounting disciplines. The text is written from a 'user' perspective, demonstrating ways in which accounting statements and financial information can be used to improve the quality of decision making.
Would you like to know about accounting and finance? Are you a non-specialist? This is certainly a book.
Interesting things for me: That accounting is high-pressure because it's facing multiple directions, that it's representing company internal data to external stakeholders, that they need this to make financial decisions and that it needs to be absolutely objective because they're using it to answer questions like "is this business performing well and what can I expect to get if I give them my money" and "should we fire the CEO, aka your boss" And also interesting how financial planning really needs to be abstracted from the business and industry, because it needs to cope with every possible human activity that someone could do in a business, because people will, and you need a way to meaningfully compare them all?
Good book for the accounting course I took. The sample questions given caused me to think through the concepts more deeply. Overall was a friendly and digestible introduction to Accounting and Financing, especially for someone who had no related background to this field.
It's hard to rate a book that I read for university, especially since it is about accounting, one of my least favorite modules However, I must point out that this book is pretty well put together, has several real-life examples for better understanding, and explains things well overall My only complaint is that sometimes I felt like they used too many words in order to explain something relatively simple, which made its reading tiring at times Overall, it's a nice option for someone whiteout any knowledge of accounting who wants to get started on it
A truly good book for those who want to know how companies work. I skipped most of the practical exercises for I have no intention to do accounting by myself. Although, the broad view is valuable.