This book is brilliant for the beginner, e.g. someone wanting to understand how to read company accounts, or to do his own simple ones. It takes it right from the basic concepts, very step by step, and once you have got those straight, then everything can at least be attempted, because you have the mental equipment to be able to use more complex textbooks. It's no use having a wonderfully comprehensive guide to the Companies Acts and the FRSSE for small companies (e.g. Preparing Company Accounts, by Ray Mayes, pub. by Accountancy Books) if you haven't a clue whether the money you paid out for insurance for the next year is an asset or a liability. After you have read Accounts Demystified you will be able to work it out from first principles. If you are thinking of investing then you will also have a much better chance of appreciating what lies below the surface of published company accounts, and an appreciation of the extents, and limitations, of the subterfuges open to those who construct the accounts.