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90 of 90 people found the following review helpful
VINE VOICEon 16 October 2009
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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35 of 35 people found the following review helpful
on 30 January 2010
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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11 of 11 people found the following review helpful
on 24 April 2010
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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8 of 8 people found the following review helpful
on 27 September 2010
A fantastic book, so easy to read and the explanations are very clear. I read this book as a complete novice to accounting before I started a college course. It helped me feel like I knew something before I started and actually gave me most of the basic information I need for the course!
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59 of 64 people found the following review helpful
on 6 February 2008
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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14 of 15 people found the following review helpful
on 15 September 2010
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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15 of 16 people found the following review helpful
on 11 November 2011
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
on 12 October 2010
Simple, well written and easy to follow. Having never looked at accounts before they are beginning to make sense - all thanks to a few hours reading this book! Excellent work.
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2 of 2 people found the following review helpful
on 24 April 2014
In this simple, easily absorbed, clearly explained book, Rice guides us through all the major accounting concepts.
How to master company accounts, understand balance sheets, profit and loss accounts and cash flow systems. Learn to analyse and monitor a company's financial performance.

This book is logical, concise and well written and explains the fundamentals in a refreshingly digestible way. This book makes it all so simple with lots of visual explanations and simple worked examples.

Don't expect a dry textbook or course book. Accounts Demystified is designed to enlighten the reader without getting too technical.
It would provide a good background or overview of accounting principles to anyone embarking on an AAT course or starting work as an accounts assistant doing prep work.

However the main aim is to provide those not in an accounting profession or planning to be with a way of getting to grips with accounting principles. It would be helpful in dealing with those who work in accounts or for those running a small business.

This is probably the book to buy if you want to know how accounting works without actually working in the field
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8 of 9 people found the following review helpful
on 10 July 2011
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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