Numbers can be difficult to master especially considering the limitations to our brain.
Accounting also has information that we need to process therefore making it a deadly combination.
However, some writers have been able to put it in a language that it is very easy to understand. These writers, have made accounting and finance an interesting subject for most of us.
Going through these accounting books that we are going to recommend in this post could change your mind, and therefore it is highly recommended that you go through the same.
In this post, we’ll talk about the top 10 best accounting books a review done in 2017.
These books target beginners, intermediates, while others are for advanced accountants, it is therefore important that you go through our review closely.
by Mike Piper
You will need this book to make the first baby step in accounting.
This is crucial as it will give you the basic understanding of accounting without in-depth details and heavy terminologies.
This accounting book written by piper goes straight to the point with simple and practical examples that simplify basic concepts without the unnecessary jargon and technicalities.
Topics in this book include; the accounting equation, preparing and reading financial statements, Calculation, and interpretation of financial ratios and the general concept of Generally Accepted Accounting Principles (GAAP).
We recommend this book for early beginners and novice accountants to refresh the concepts. If you have a business and you’d like to understand the basics of accounting, then this book is a good starting point.
by Mark J. Kohler
Accounting combined with taxation is tough I can define this as a cocktail of two dangerous Villains. However, there is some good news for you, Kohler as handled this book went both accounting and taxation topics with some humor thereby throwing away all the formalities out of the window.
Small businesses have had to incur huge costs for their taxation services. This is despite the hassle in making sales in the first place.
The good news is with this book you will be able to answer any questions thereby having the opportunity to make better business decisions for your business.
==> Read an Auditing Case study
In this book, Kohler has provided real-life examples making this book not only enlightening but also fun to read.
This book will ultimately take out your fear of accounting and taxation is a complex world of bizarre and intimidating terms. This book will help you with tax planning and tax saving strategies.
by Howard Schilit (Author), Jeremy Perler (Author)
The topic of the book is enough sauce for igniting your curiosity.
The topic sounds more or a detective story. This book has been awarded by the business week awards and referred to as, “From the Sherlock Holmes of Accounting.”
The book tells a story of how master head companies heads trick their investors and therefore it’s a good story for both a Layman and financial professionals.
==>Read about Performance Management System
This book has been defined as the bible for detecting accounting frauds. It tells of some of the pics that corporate bigwigs have been exposed doing. After reading this book, you’ll be able to deal with;
- Earnings Manipulation Shenanigans
- Cash Flow Shenanigans
- Key Metrics Shenanigans
by Jae K. Shim Ph.D. (Author), Joel G. Siegel Ph.D. CPA (Author), Nick Dauber MS CPA (Author), Anique A. Qureshi Ph.D. CPA (Author)
Most of the authors of this book are CPA holders.
Thereby making it awards check to checkout their wisdom based on accounting. This book is worth the investment as IT office the innumerable requirements to gain basic accounting knowledge.
These CPA holders have penned down a masterpiece as it goes in-depth into analyzing every single element of a financial statement in regards to financial reporting and compliance with the US GAAP ( general accepted accounting principles) and IFRS ( International Financial Reporting Standards).
==> Read about Migrating from GAAP to IFRS
Other topics in this book include cost management, taxation, and its preparation. The book ends with an a to z dictionary of all the requisite accounting terms.
by Paul Strathern (Author)
History is filled with thrilling stories to some of us while it puts some of us off……boooo!
Imagine reading the history of numbers and theories, isn’t that fascinating. This book will keep you guest to the last page. Strathern writes history in a manner that it paints a live feed picture in your brain.
He begins by uncovering the definite progression of moths and economic theory from just double-entry bookkeeping to the discovery of standard deviation and other applications of probability theory.
==> Read about Company Evaluation Here!
He explains that theories have been synchronized overtime as a beautiful set of music. He condensers this history of the mathematical influential economists thereby shipping each of their theories to arriving at a laptop conclusions.
He has done a great job in putting together this boring information in an interesting way thereby making this book an easy-to-read for both of us who dislike numbers and putting it in a historical format whereby the other half of the divide lies.
by Donald E. Kieso (Author), Jerry J. Weygandt (Author), Terry D. Warfield (Author)
This book provides for good references to established accountants.
The authors have handled every topic of accountancy as a lesson and not as the gospel truth being forced for learning.
The book even goes a step further into dwelling on accounting programs such as excel and GLS together with other computerized accounting softwares which gives a professional way of applying modernization to their practice.
The book also includes a new way of analyzing the GAAP, Convergence of the U.S. GAAP and the IFRS, together with Fair Value Movement.
by Kenneth Boyd (Author), Lita Epstein (Author), Mark P. Holtzman (Author), Frimette Kass-Shraibman (Author), Maire Loughran (Author), Vijay S. Sampath (Author), John A. Tracy (Author), Tage C. Tracy (Author), Jill Gilbert Welytok (Author)
This book offers a one-stop solution for the problems in accounting in the easiest manner possible. Office solutions for our accounting problems at ago.
Want to learn to account fast? Then this book is meant for you as it offers a full speed cruise to all the accounting topics from the basics on crediting and debiting too complex issues like regulation and amortization. The text is simple and easy to read.
Other topics in the book include reporting financial statements, making savvy business decisions, detecting and auditing financial fraud. The book uses examples and business scenarios to expound on this concept.
This is a good investment for accounting professionals, MBA students, and small business owners as they can use it for quick reference.
#8 – Warren Buffett Accounting Book: Reading Financial Statements for Value Investing Buffett Book Edition
by Stig Brodersen (Author), Preston Pysh (Author)
It is not enough to understand all the concepts of accounting without being able to carry out Value investments.
Complex terminologies and financial concepts are the general outlooks of a layman when it comes to investing.
This has made mutual fund firms, and another investing business is quite lucrative. With this book, you’ll be able to understand the nitty-gritty of investments. Professionals who have just set foot into the investment industry will find this book and lightening.
It is a must-have book for anyone who wants to be successful in investment. To be successful in value investing you should be able to deeply analyze financial statements and this book will guide you through it.
This textbook is a treasure for every fresh in investment to enable them to progress in their career.
by Steven D. Levitt (Author), Stephen J. Dubner (Author)
Imagine a combination of a journalist and an economist, isn’t that peculiar? Well, this book has been written by a combination of the two thereby producing a spectacular Freakonomics.
The authors of this book have delved deeper into how normal situations can be decoded to produce the control played by economics.
It is written in a fiction format however it produces and insightful look into the workings of an economy in a lively way.
An easy read that will obviously put you fascinated by the revelations.
by Burton G. Malkiel (Author)
Wonder how people make money on Wall Street? Facebook by Princeton economist, will turn your head off. It has been widely celebrated by Burton Malkiel students another reason why you should grab a copy.
Written in the year 1973 this book still provides advice that is still useful today. It is a gem in the hands of a fresher, novice or even an entrepreneur.
This book has been written in an engaging simplistic manner explaining concepts like indexing when risk-taking in the unpredictable stock market. This book is good for both theoretical lovers and practical lovers as it offers both, especially on stock market trading.
The 11th edition of this book as cool as stepfather into explaining exchange-traded funds and investment opportunities on emerging markets.
This book also has a new chapter on smart beta funds which is a new style in the investment management industry. Looking for advice on how to manage your money, then grab this book as it will show you how
We took our efforts to analyse the top 10 books to help in your accountancy profession. Different professionals and readers will have a different list depending on their accounting levels and preferred style. We feel that this list is exhaustive enough for a good read.
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