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"This book will be of great value to corporate management trainees, as well as to business school students who want to 'hit the ground running.'" — Professor Jonathan B. Schiff, Fairleigh Dickinson University
"We have effectively used Essentials of Accounting in our introductory graduate level course in financial accounting. Dr. Anthony is clearly one of the leading academics in our field and has demonstrated an ability to communicate a difficult body of knowledge to generations of accounting students." — Professor Steven Lilien, Baruch College
"Essentials of Accounting serves as an indispensable tool for teaching and as a guidebook for anyone wanting to understand the foundations of accounting in an easy, highly interactive way. It is simply the best." — Professor Philip DiSalvio, Seton Hall University
Product Description
For courses in Introductory Accounting.
The leading programmed text in accounting, Essentials of Accounting is a self-teaching, self-paced introduction to financial accounting for active users of business data, rather than preparers of accounting information (bookkeepers).
It presents the ideas and terminology essential to an understanding of balance sheets, income statements, and statements of cash flows. Every frame requires students to solve a problem involving accounting information—e.g., selecting a correct word from two choices, providing an answer, making a journal entry, or preparing a complete balance sheet.
Appropriate for undergraduate and graduate, executive, vocational or management training. It has been successfully used for summer reading by incoming MBA students. May also be used in conjunction with software to provide core material in a computerized accounting course.
An ideal introduction/review, this supplemental text frees up professors from at least five class sessions in a conventional first course in accounting, and is ideal for those entering or in the first weeks of an MBA program.
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Most Helpful Customer Reviews
3 of 3 people found the following review helpful:
4.0 out of 5 stars
An excellent introduction to the key concepts of financial accounting,
By
This review is from: Essentials of Accounting (Paperback)
The Essentials of Accounting is a good introduction to the basic concepts of financial accounting, presented in an unusual and absorbing format which makes it easy for readers with no existing knowledge of the subject to grasp the fundamentals.
The book consists of approximately 200 pages of prose, outlining various topics, with blanks throughout, which the reader is supposed to complete as they read the text. The correct answers are given at the end of each page. Most of the blanks are for words, but some are for basic calculations. The prose is simple and repetitive, making the book accessible for the most novice of readers. The premise of the book's format is that active reading (i.e., filling-in the blanks), and repetition (i.e., covering the same material at several points in the book) aids retention of the content. Whilst this is certainly true, it does sometimes make the process of reading and completing the blanks sometimes a little laborious. At the end of each chapter there is a brief test, which follows a similar format to the main text. The topics covered include balance sheets, income and cash flow statements, measurement of revenues and expenses and basic analysis of financial statements. As the title suggests, the Essentials of Accounting is a good primer on the basics of the subject, but no more than this. I read the book as a complete beginner, and found it invaluable in making more advanced texts accessible to me. It is also worth noting that the book is intended for people who review and use financial statements, and not for those who prepare them (although the text does cover the basis processes used in preparing statements). Overall, this is the best introductory text I have found, and I heartily recommend it. Incidentally, the Essentials of Accounting has been on the reading lists at several top-tier business schools, including Harvard Business School, for several years.
1 of 1 people found the following review helpful:
5.0 out of 5 stars
highly recomended,
By A Customer
This review is from: Essentials of Accounting (Paperback)
I used this book in a analyst training program in Wall Street. It is an excellent summary of Accounting 001. Clear, short and precise for people who want to grasp relatively quickly the topic.
1 of 1 people found the following review helpful:
5.0 out of 5 stars
Excellent book for beginner,
By A Customer
This review is from: Essentials of Accounting (Paperback)
This book is perfect for a person who has a general understanding of bookkeeping but wants to know more about accounting. It makes a good review for a person who uses financial statements but does not prepare them. It is a workbook, so the reader answers questions on each page. This encourages retention of information.
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