Accounting Demystified

By Jeffry R. Haber

Book Overview

"Accounting is truly the language of business. Success or failure is measured in dollars, but in order to make good decisions, you need to understand how finances drive business realities and become fluent in the essential elements of the accounting process. ACCOUNTING DEMYSTIFIED tells you all you need to know about the numbers that drive business. The book uses examples of typical business situations to demonstrate basic financial concepts, including: * The accounting process * Financial statements * Making entries * Accounts payable and accounts receivable * Cashflow statements * Fixed and intangible assets * Inventory * Liabilities * Adjusting and closing entries * Prepaid expenses *Preparing a bank reconciliation * Accounting information systems * Stockholders equity * Ratio analysis ACCOUNTING DEMYSTIFIED transforms a complex and potentially intimidating subject into something anyone can easily comprehend. This useful resource helps you understand the basics of accounting and gives you access to an essential part of any business equation. For new students of accounting, entry-level accounting professionals, and business professionals whose own work relates directly to the numbers on the ledger, a basic understanding of core accounting functions and documents is critical. Accounting Demystified provides a simple and straightforward description of universal elements of the accounting process, plus accessible tutorials in creating, interpreting, and using financial statements. Haber's clear language will let readers: * understand accounting basics * find errors quickly * prepare accurate financial statements * analyze financial documents * determine the financial health of a business * prepare a financial prospectus for potential investors and lenders From the classroom to the back room to the board room, Accounting Demystified serves as a valuable primer on the basics of accounting and the purposes they serve."

• Format: Paperback
• Language: English
• ISBN: 0814407900
• ISBN13: 9780814407905
• Release Date: November 2003
• Publisher: Amacom
• Length: 192 Pages
• Weight: 1.03 lbs.
• Dimensions: 0.6" x 6.3" x 9.0"
• Age Range: 17 years and up
• Grade Range: Grade 12 and higher

Customer Reviews

Fantastic book!

With this book, Jeffery Haber has rendered a great service to all who wish to learn accounting. He bravely put aside his ego and lowered himself to the student's level, something rare in instructional books. He could've went the way of others skilled in a complicated field, and made a book ostensibly for students, but in reality for colleagues. I have a few gigantic accounting books, but none are as impressive as this little book, which will give you the foundation of your accounting knowledge in 150 pages.

Excellent introduction to Accounting

This books explains the fundamentals of accounting. Dr Haber has done an excellent job in demystifying accounting for beginners as well as advanced learners. In many instances, he takes one transaction at a time to explain what goes into debit and credit. His approach is very simple, for example explanations about unearned revenue, prepaid expenses etc., that everyone can get an handle on the subject and it actually kindles ones interest to delve deep into the subject. Highly recommended

Cool Book MY Mom Bought

Senioritis hit me hard and accounting basics was going to sideline me from special activities unless my grades improved.My mom ordered Accounting Demystified. Less than 200 pages and paperback was just my size. It showed me how to do journal entries and how to check my work. For almost everything the glossary was all I needed.

A sure cure for "accounting phobia"!

Dr. Haber's book admirably accomplishes its goal: to make the basics of accounting understandable in plain English. He walks the reader through terminology and numbers, starting with simple concepts and building on them logically and painlessly. Clear examples and even occasional dry humor make this an ideal introduction for the neophyte. A sure cure for "accounting phobia"!

Students' Little Helper

I desperately needed help getting through the 800 page beginning accounintg text I was assigned. A friend recommended Accounting Demystified and it saved me from certain failure. It is a fabulous guide; easy to follow, direct, with clear examples of each transaction. My text used tens of pages to explain the basics in convoluted fashion while this slim, concise guide accomplished the goal in just a few pages. It helped me pass the course without wasting hours reading a huge, boring text.