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Accounts Demystified: The Astonishingly Simple Guide to Accounting Paperback – 31 Mar 2011

4.5 out of 5 stars 117 customer reviews

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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: 15.9 x 1.9 x 23.5 cm
  • Average Customer Review: 4.5 out of 5 stars  See all reviews (117 customer reviews)
  • Amazon Bestsellers Rank: 67,151 in Books (See Top 100 in Books)
  • See Complete Table of Contents

Product Description

From the Back Cover

Accounts Demystified

The Astonishingly Simple Guide to Accounting

Anthony Rice

6th 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 6th 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.


Customer Reviews

Top Customer Reviews

By jakeone VINE VOICE on 16 Oct. 2009
Format: Paperback 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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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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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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Format: Paperback
I lost my 6th edition so was pleased to see an updated 7th edition had been released. I'm a massive fan of this book already but the 7th edition has very useful updates: a very clear section on how to set up and use accounting software; and two new chapters on public company accounts - what they are and how to interpret them (exceptionally useful given how complex listed company accounts seem to have become).
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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. This year will be the first where I would record all expenses and sales in a simple book keeping software, rather than send everything off only at the end of the year to my accountant.

This book was not written for people in my circumstances, and I don't recommend it for anybody in a similar circumstance. It covers very little on book keeping.

I think this book is best for students perhaps in high school considering accounting as a future career and wanting to know more before taking the plunge, or for an investor who wants to buy shares in a company and wants to understand the basics of an annual report, or also maybe for medium-sized business owners who have been putting off understanding accounting and now want to learn about it, or for someone in a company who wants to understand what the accounting department are doing.
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Format: Paperback
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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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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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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