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Product details
File Size: 25932 KB
Print Length: 221 pages
Simultaneous Device Usage: Unlimited
Publication Date: July 6, 2018
Sold by: Amazon Digital Services LLC
Language: English
ASIN: B07FBRX6NW
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Amazon Best Sellers Rank:
#145,948 Paid in Kindle Store (See Top 100 Paid in Kindle Store)
It's good for a refresher
This is an ideal series of manuscripts for a small business owner who is looking to be more involved in their accounting and financial practices. The author demonstrates a lot of knowledge and experience in accounting with an introduction to GAAP and its governing board(s). To add a bit on GAAP and why follow these principles...GAAP is a set of standard principles for the practice of accounting. GAAP compliance is important because it standardizes terminology and approach, and offers consistency in reporting and tracking for quicker and more accurate decision-making activities.One of the helpful aspects of the manuscript are the analogies to help illustrate concepts. Such as, "Two Sides of the Accounting Coin" in reference to making sure transactions balance. And there are handy examples through the text.If you have taken a college course or two some time ago such as Accounting or Finance, this will be a good refresher. If you are a working professional in this area, this will be a quick read. If you are a small business owner looking to get more hands-on in your business accounting and financial operations, you will want to set aside a couple of hours to go through a chapter, apply the concept to your business, and reference back when you need to. You may want to go through this guide in more than one sitting.
If you are a small business owner, bookkeeper or individual who is thinking of starting your own business, this set of books is invaluable. As an accountant who runs my own business, I appreciate the easy to read, direct information in these books. They are great to have on hand for a reference and it's always important for business owners to be able to understand their finances, even if you have an accountant or bookkeeper. Understanding your businesses finances helps you make better business decisions. These books can help you learn how to do that. I have used them myself as an information source. (I received these books for free to review and give my honest opinion.)
As a tax professional with an accounting degree, a big chunk of my life is spent interacting with small business owners who have an entrepreneurial spark, but know nothing, really, about accounting although they think they do. Needless to say, they are a source of trouble and frustration in my profession, because they don't really understand what accounting is supposed to do, much less how it is supposed to be done, and too many of them don't provide me with the kind of financial reporting that makes tax preparation accurate and as easy as anything that involves thousands of pages of government regulations!These entrepreneurs would do well to read these three books by Greg Shields: Accounting Principles, Financial Accounting, and Management Accounting. They explain, in short and concise chapters, what accounting is and how it works. Even if it only allows entrepreneurs to speak the language their accountant uses, or convinces them that they need an accountant in the first place, it would be worth it.My only objection is that sometimes Mr. Shield's writes like an accountant. He is technically accurate and understandable, but no poet. In one chapter, he compares basic accounting rules to what appear to be U.S. Army regulations, as if that would be a comparison that would make sense to most people, rather than the relatively small percentage of the population who have military experience. I thought was a strange choice, even if it wasn't so obscure as to be impossible to understand.But that is quibbling. In fact, if you want a short and compact, but 100% accurate, accounting tutorial, these books by Greg Shields have my recommendation.
Another awesome resource from Greg Shields. Not only does he provide an overview of what financial and management accounting are but he also points out why each are used and any limitations. In this book, you will find all the business analysis tools (ratios) you will ever need for cashflow, solvency, liquidity, leverage, activity, and more! He explains which ratios to use and why and the limitations of each one. He even breaks down each of the financial statements and gives their purpose, how to set them up, and how to analyze. In addition, he provides additional food for thought in running a financially successful business or even identifying one.This book is not "Gone with the Wind" or even something you would sit and read in one hour--what book filled with ratios is? But if you are looking for tools that you can apply for the growth of your business or build your financial acuity, then this is it. Even if you have been in accounting for a while, this book is a great reference to have. Shields has taken what you would find in a 1,000 plus page textbook and provided it in less then 200 pages!
I received a free electronic copy of this book to review...This is a well written and informative guide to accounting principles. I have been in accounting/bookkeeping for over 20 years and this is a wonderful resource for anyone, whether you're new to the field or have been in it for a long time. It is a welcome addition to my virtual bookshelf and I would recommend it to anyone who needs a refresher or a guide to have on hand for reference. Small business owners would benefit from having this book as well; they could learn how to tell if their business is making money and how to read financial reports and use them to make business decisions. Overall great book!
A great read for the beginner/small business owner or someone who needs a fundemental understanding of the basic accounting principles and financial statements. Great reference guide to keep close by for those moments when you need a reminder or have a question and need a quick understanding. Easy to comprehend and thoroughly enjoyed the reference of “accounting ninja†and how to build a toolchest of knowledge. Highly recommend.
The materials are well written, easy to follow and understand and have helped me immensely. Will recommend them to my colleagues.
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