Popular Books on Accounting

 

Accounting is called the “language of business.” This involves the process of measuring, processing and communicating the financial information of different economic entities. This is the basic requirement of every business or corporation as it gives the proper financial report and hence the information of the working for the organization.

 

Cost Accounting Made Simple: Cost Accounting Explained in 100 Pages or Less

This book is written by Mike Piper and has always been listed in one of the best books on accounting. The book gives a clear concept of the accounting principles and the assumptions behind Generally Accepted Accounting Principles. The book contains practical and straightforward illustrations which cover almost every possibility of the situation for accounts to work on.

Read it For:
The book does not consist of the unnecessary jargon of the technicalities.
Don't Read it For:
The book may not be liked by accounting experts or accountants.
What makes this book stand out?:
The book is highly recommended for beginners as it explains everything in detail and makes the concept clear.

Accounting Handbook

This book is the combined work of many CPA holders who have explained each and every element of financial statements in complete detail. The chapters in this book are not limited to only financial statements but also expands and covers the topic of cost accounting, and tax forms including their preparations.

Read it For:
The book can be called a complete package of accounting as it covers all essential elements of accounts.
Don't Read it For:
The book can be more beneficial to beginners.
What makes this book stand out?:
This book explains every accounting term in detail and thus, can be called the dictionary of accounting terms.

Accounting Game: Basic Accounting Fresh from the Lemonade Stand

Very rightly named, "Accounting Game" is a book which teaches accounts through a game of lemonade stand. Even if you know the process, you'll learn it in a new way. The book has uniquely used the world of a kid to teach the financial language and records basics.

Read it For:
The book provides financial information in a very simple way which is easy to understand and even easier to remember.
Don't Read it For:
The book is good mainly for beginners in the accounting field.
What makes this book stand out?:
Its way of presenting financial information is very different from other common accounting textbooks available in the market.

Financial Shenanigans

This is q unique book written by Howard Schilit and Jeremy Peeler. Like other books, it does not provide knowledge about accounting principles and transactions. But it gives the idea about different types of frauds which can be done during accounting and also gives real-life examples as well as advice on how to detect the fraud.

Read it For:
The book is an asset both for businessmen as well as the layman.
Don't Read it For:
Rarely, but the book may give some ideas to many who want to practice fraudulent activities.
What makes this book stand out?:
The book is widely used by business owners and financial professionals.
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Intermediate Accounting

The author of the book, Donald E. Kieso, has written the book keeping in mind the established accountants. The book effectively explains the Generally Accepted Accounting Principles, and it's applications.The book is an investment for an accounting student as it provides tips, example problems and teaches you how to solve them.

Read it For:
The book is a great treasure trove of knowledge and information and enriches your knowledge.
Don't Read it For:
The opinion of students and professionals may differ regards this book as everyone has their own perspective.
What makes this book stand out?:
The book is a perfect guide for students to learn and gain knowledge about GAAP and IFRS.

Accounting Principles

"Accounting Principles" has been helping CPA students in achieving their dreams and succeed professionally. The book lays the foundation for the students to clear their CPA exams. The book has explained the principles of accounting in incredible detail. It shows the application of information and principles in the real world by giving real-life examples.

Read it For:
It is a must read for CPA students as its new edition gives more relevant information and leads in the market.
Don't Read it For:
Students of any other field might not find this book that much helpful.
What makes this book stand out?:
The book can attract any reader and keep its students focused on the colorful pictures, diagrams, summaries, and examples.

Accounting for Small Business Owners

The book is written by Tycho Press and clearly focuses on those who own a small business and need to balance their books of accounts. The book includes every financial accounting problems that can ever be needed by small business owners.

Read it For:
It describes the complete process of establishing reliable accounting for small businesses.
Don't Read it For:
The book is not for big business owners.
What makes this book stand out?:
It has always ranked the best book for small business owners.

Accounting All-in-One For Dummies

This book is well-known for the Dummies series. Anybody who wants to keep his books in order or wants to handle money would find this book relevant and also helpful to gain knowledge on how to keep the checkbook balanced or a business afloat. The book provides the basics of accounts.

Read it For:
The book can be called as a powerful one-stop accounting reference.
Don't Read it For:
A detailed analysis of every transaction in accounts might not be found here.
What makes this book stand out?:
The book has always been in top 10 books on accounting.

How to Read a Financial Report

Any person who does not understands those numbers in the financial report, neither they have time and nor do they need to have an in-depth knowledge of financial accounting, can definitely be helped by this book as it has never failed to tie together the balance sheet and income statement elements.

Read it For:
It gives proper accounting information and also provides the tactics of understanding the financial report in a very nice way.
Don't Read it For:
This accounting book is surely not helpful for those who already have the knowledge of financial reports and accounting information.
What makes this book stand out?:
The book stands out for its innovative structure of describing when and how one element can affect the another in a balance sheet or income statement.

Cost Accounting: A Managerial Emphasis

Cost Accounting is basically the theme "different costs for different purposes." And this book by Charles T. Horngren, Srikant M. Datar, and George Foster has embraced this basic theme beautifully. It not only gives information about cost accounting procedures, but also considers concepts, analyze, and management. It describes every role of an accountant in the organization.

Read it For:
The book all the important basics of cost accounting.
Don't Read it For:
Information about financial accounting in the book might be less satisfactory for the readers.
What makes this book stand out?:
This book is considered as one of the best books on accounting.

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