Accounting Made Simple
Accounting Made Simple: Accounting Explained in 100 Pages or Less by Mike Piper, CPA.
CPA Mike Piper’s “Accounting Made Simple” is part of his 10-book series “Financial Topics in 100 Pages or Less.”
If you are completely new to the subject of accounting, this is the book to start with in this author’s opinion. In less than 100 pages, Piper quickly brings novice readers up-to-speed in the bare-bones basics of accounting.
He introduces the accounting equation and then rapidly teaches novice readers how to read financial statements and what each of them are for. Afterwards, Piper introduces the most commonly used financial ratios to gain even more understanding from the financial statements.
He discusses Generally Accepted Accounting Principles (GAAP), which is required for both governmental and non-governmental entities to follow in the United States.
Then Piper presents the topics of debits and credits; cash versus accrual; the accounting closing process; depreciation of fixed assets; amortization of intangible assets; inventory and cost of goods sold, etc. but do not worry as he masterfully does this in a simple and direct way.
Reader’s note: Yes, for the complete novice to accounting, it is perhaps the best introductory first book to read on accounting.
Afterwards, of course, readers may wish to try one of the interactive accounting training software applications or see if one of these accounting books suggested by The CFO Club meets their needs: https://thecfoclub.com/operational-finance/accounting-books/
Also, Schaum’s Outline of Financial Accounting (2nd ed.) by Shim and Siegel is recommended for those looking for a workbook that guides them through solving financial accounting problems.
However; for the novice to accounting, all of that should come after Piper’s little introductory book on accounting. Enjoy!
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