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Accounts Demystified: The Astonishingly Simple Guide to Accounting [Paperback]

Anthony. Rice (Author)

4.7 out of 5 stars See all reviews (38 customer reviews)

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Book Description

Publication Date: 31 Mar 2011 | ISBN-10: 0273744704 | ISBN-13: 978-0273744702 | Edition: 6

An astonishingly simple guide to the fundamental principles of accounting, written specifically for those without a financial background.

Simple, easily absorbed and clearly explained, this book will guide you through all the major accounting concepts. You will learn how to master company accounts, understand balance sheets, profit and loss accounts and cash flow systems and how to analyse and monitor your company’s financial performance.

This new edition is updated throughout to incorporate changes in accounting regulations and includes a new chapter on keeping personal accounts.

Whether you manage a small company, are a trainee accountant, an entrepreneur, a business studies or MBA student, an investor on the stock market or a manager in a big corporation, you will not want to be without this definitive and user-friendly guide to the fundamental principles of accounting.

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An astonishingly simple guide to the fundamental principles of accounting, written specifically for those without a financial background.

This new edition is updated throughout to incorporate changes in accounting regulations and includes a new chapter on keeping personal accounts.

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Product details

Paperback: 280 pages
Publisher: Prentice Hall; 6 edition (31 Mar 2011)
Language: English
ISBN-10: 0273744704
ISBN-13: 978-0273744702
Product Dimensions: 16 x 1.7 x 23.3 cm

Average Customer Review: 4.7 out of 5 stars See all reviews (38 customer reviews)

Amazon Bestsellers Rank: 1,924 in Books (See Top 100 in Books)
- #1 in Books > Business, Finance & Law > Accounting > Management Accounting
- #43 in Books > Business, Finance & Law > Management

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Product Description

From the Back Cover

Accounts Demystifed

The Astonishingly Simple Guide to Accounting

Anthony Rice

7^th edition

'Trust me - no other book makes the subject as simple and clear. '

Jamie Reeve, Chairman, The Great Little Trading Company

'It's like a fog has been lifted... I suddenly get it and I'm only at Page 10'

Paul Sanett

Development Director, Europe & Africa

Hilton Worldwide

Accounting is generally viewed as a highly technical and complex subject. However, accounts are actually based on simple principles. It's not company accounts that are complex, it's all too often the way they are explained.

In this simple, easily absorbed, clearly explained book, the author guides you through all the major accounting concepts. Discover how to master company accounts; understand balance sheets, profit and loss accounts and cash flow systems; learn to analyse and monitor your company's financial performance.

Now in its 6^th edition, this bestselling book is for anyone who wants to be able to understand, digest and talk about numbers, quickly and easily.

For online learning, downloads and updates, go to www.accountsdemystified.com.

Inside This Book (Learn More)

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Customer Reviews

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Most Helpful Customer Reviews

60 of 60 people found the following review helpful

5.0 out of 5 stars Fantastically clear 16 Oct 2009

By jakeone VINE™ VOICE

Format:Paperback|Amazon Verified Purchase

I own a couple of businesses but had always left the accounting stuff to my accountants. That's OK up to a point but when you begin to understand the importance of the "numbers" in your business, you cannot, with good conscience, leave it entirely in the hands of others. Whether you like it or not (and I don't), accounts are vital to showing a business what is going wrong, what is going well - and what to do next. No sane business person can ignore this.

Years of "learned helplessness", disinterest and apathy meant I always believed accounting was just something that was beyond me. I tried several books (all of which were very dry) but they all tended to start off simply but become more complex. This book is different and it was this book that finally helped me understand accounting. Whilst it won't make you an accountant (and maybe that's not a bad thing!) it will teach you all you need to know as a business owner or someone working in the accounts department of a small business. I can now talk confidently and more intelligibly about my business figures with my accountant and bank manager but also run my businesses more effectively.

In particular, I liked how the author would often say, "Think of it as X" or "Basically, all it really is, is Y" - that really helped clear up a lot of the concepts and put accounting in "human terms" that were much easier to grasp.

I highly recommend it to any business owner or anyone who has to deal with the day-to-day running of any small-medium business. It will put you in a much better driving position and help you steer your business far more effectively.

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28 of 28 people found the following review helpful

5.0 out of 5 stars Useful for those undertaking AAT Technician level accountancy 30 Jan 2010

By Mr. R. J. Kembry

Format:Paperback

I would recommend this book to anyone undertaking Technician level AAT Accountancy.

You will find many of the graphical examples and explanations very helpful.

A very well written book with good examples for those who already understand the fundamentals of accountancy.

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47 of 48 people found the following review helpful

5.0 out of 5 stars Simple - ideal for the novice 6 Feb 2008

By N. Smith

Format:Paperback

As an accounting dunce, I've tried to read a lot of books about basic accounting to help improve the skills I need in my business. In my experience, most of these books seem to use a lot of unexplained jargon or fail to put the information into a practical context. This book scores highly on both counts - everything is clearly explained and the examples have been very easy to relate to my own experience.

Highly Recommended.

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7 of 7 people found the following review helpful

5.0 out of 5 stars Excellent 11 Nov 2011

By Quentin C. Livingston

Format:Paperback

Finally! A book that actually does what it says on the cover. It REALLY does demystify accounts. Profit and loss I always understood but balance sheets I could never understand but now finally I do! Highly recommend !!

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6 of 6 people found the following review helpful

5.0 out of 5 stars The best book of its type I have ever read. 10 July 2011

By Mash

Format:Paperback

I bought this book in preparation for the accounting components of the Legal Practice Course (for solicitors). Between "Accounts Demystified" and the equally superb accounting tutorials on Khan Academy, I now have a solid understanding of basic accounting. Thank you, Messrs. Rice and Khan!

This book couldn't be any easier to follow. It starts right from square one and builds up the picture using practical examples, eventually reaching quite some level of detail (including how to spot misleading accounts). Expertly written and supremely instructive, this book wholly deserves its many 5-star reviews.

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5 of 5 people found the following review helpful

5.0 out of 5 stars Outstanding ! 15 Sep 2010

By Fin

Format:Paperback|Amazon Verified Purchase

This is a really excellent book. I bought two books from Amazon at the same time - 'The Definitive Guide to Busines Finance' and this one. I only got as far as page 21 before I had completely lost interest in The Definitive Guide - what a load of waffle. By comparison I could hardly put Accounts De Mystified down. By day two I had a set of company accounts analysed and set out on in Excel on my PC. I then went on to analyse and trend key areas of the business over the last 5 years.

I have done some accounts training in the past but there were areas that I never totally understood. P&L's I can do in my sleep but I struggled with Balance Sheets. De Mystified makes it all so simple with lots of visual explanations and simple worked examples. The style is more like a patient friend taking you slowly through the basics and then on to more complicated full business accounts but always checking that you're keeping up.

Buy this book, you wont be disappointed and may even be surprised. I hope, like me, you find it's all a lot simpler than you thought.

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5 of 5 people found the following review helpful

5.0 out of 5 stars Great book for general interest and 1st year AC students 24 April 2010

By Anna

Format:Paperback

Logical, concise and well written.
Just a great book that explains the fundamentals in a refreshingly digestible way. This has been more help than the �40 textbook for my Accounting course.
Highly recommend.

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4 of 4 people found the following review helpful

5.0 out of 5 stars Great. 19 Oct 2010

By Andrew E

Format:Paperback

This is a great book, written in an entertaining style, by someone who was also initially puzzled by accounting.

After reading this book, making some notes and testing yourself, you will have a very solid understanding of the core accounting principles.

Highly recommended.

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Most Recent Customer Reviews

5.0 out of 5 stars Fantastic!

Ideal for people doing AAT courses, can't put the thing down. Really does help you out with basic knowledge of accounting and book-keeping!

Published 2 months ago by Kyle Bambury

3.0 out of 5 stars It won't teach sole traders how to do their book keeping

I think it would have been good for this book to indicate for whom it was written.

I'm a sole trader working in photography and wanted help to understand book keeping. Read more

Published 2 months ago by Lucas Muller

5.0 out of 5 stars this book is excellent

This is an excellent book, because of it`s language is so understandable and clear.
This book is need me mainly of this terminology. Read more

Published 2 months ago by Mr G.

5.0 out of 5 stars Absolutley brilliant book

Just starting a buisness and really wanted to understand what buisness finance/accounting is really all about. Read more

Published 2 months ago by paul s

5.0 out of 5 stars Highly recommended

This book was written in a clear style which was easy to understand. It presents information in an informative and engaging way.

Published 2 months ago by Margaret

4.0 out of 5 stars Seems to be good

Only started it but it does seem to make accountancy a little more understanderble, will see when im finished it

Published 2 months ago by Eoghan Mc Namara

5.0 out of 5 stars Where was this book when I did accounting in Uni?

I have never seen such a clear and accessible description of accounts ... I was hooked from the opening chapter on balance sheets. Read more

Published 3 months ago by Mrs G

5.0 out of 5 stars Accounts Demystified

Accounts Demystified did just what it said on the cover! I am doing a computerised accounting course and it put everything I was studying in context. Read more

Published 4 months ago by Eileen Clarke

5.0 out of 5 stars Singlehandedly THE FINANCE BOOK I HAVE SEEN.

Yes it's my first product review and I hope I don't come across as the author plugging his own product but WOW. Read more

Published 4 months ago by J

5.0 out of 5 stars Wow I Understand it now!

I am currently studying financial accounting with the OU and was struggling to understand it fully! I purchased this book yesterday, it arrived at 7.45am (thanks Amazon Prime! Read more

Published 5 months ago by KellyM

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