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Accounting Made Simple: Accounting Explained in 100 Pages or Less, by Mike Piper
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Find all of the following explained in Plain-English with no technical jargon:
- The Accounting Equation and why it's so significant
- How to read and prepare financial statements
- How to calculate and interpret several different financial ratios
- The concepts and assumptions behind Generally Accepted Accounting Principles (GAAP)
- Preparing journal entries with debits and credits
- Cash method vs. accrual method
- Inventory and Cost of Goods Sold
- How to calculate depreciation and amortization expenses
- Sales Rank: #3880 in Books
- Brand: Brand: Simple Subjects
- Published on: 2013
- Original language: English
- Number of items: 1
- Dimensions: 8.00" h x .29" w x 5.00" l, .27 pounds
- Binding: Paperback
- 114 pages
- Used Book in Good Condition
About the Author
Mike Piper is the author of 7 personal finance books and the popular blog Oblivious Investor (obliviousinvestor.com). He is a Missouri Licensed CPA.
Most helpful customer reviews
170 of 178 people found the following review helpful.
Less than four hour read to understand accounting
By Lonnie L. Wibberding Jr.
I bought this book because I needed a review of accounting for my business. It does what it claims -- explains accounting in just a few hours. Well written and easy to understand.
The Table of Contents includes:
1 - Accounting Equation
2 - Balance Sheet
3 - Income Statement
4 - Statement of Retained Earnings
5 - Cash Flow Statement
6 - Financial Ratios
7 - What is GAAP?
8 - Debits and Credits
9 - Cash vs. Accrual
10 - Other GAAP Concepts & Assumptions
11 - Depreciation of Fixed Assets
12 - Amortization of Intangible Assets
13 - Inventory & CoGS
148 of 155 people found the following review helpful.
The best book on Accounting!!
By happymama
I took an accounting class last year and shamefully failed! I just could not understand the basic concepts to get from chapter to chapter. College Accounting classes for some reason expect you to have some basic understanding but I didn't and I'm sure there are many like me. So I bought this and other book to see if it would help. So far this is the only book that I understand. And everything seems to make sense to me now. I would recommend this book to anyone who's planning on taking an accounting course for the first time. I plan on retaking the class and now I feel confident going back in. THANK YOU MR.PIPER!!!
151 of 159 people found the following review helpful.
great book
By charlie
I have a bachelor degree in accounting and have been out of school for a couple of years. I bought this book for a friend and decided to read it myself. The simplicity of it actually helped me tie things together that I didn't fully grasp from college. As I read the concepts I kept saying to myself "oh I remember going over that in school" - however this book helped me to understand the why's of accounting which is very important instead of just memorization. Many professors do a poor job of explaining accounting and I think that's why so many students struggle with it. If professors would explain the concepts like this author did then students wouldn't be so lost.
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