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Frank Wood's Business Accounting 1

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Business Accounting is the world's bestselling textbook on bookkeeping and accounting. It provides students with a clear and straight forward introduction to the core techniques and skills required to fully understand the foundations of financial accounting. Each topic is back up by a wealth of worked examples, as well as a rich pool of self assessment material, so that students can monitor their own progress and understanding.

765 pages, Paperback

First published March 1, 1967

198 people are currently reading
2769 people want to read

About the author

Frank Wood

163 books60 followers

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5 stars
240 (53%)
4 stars
74 (16%)
3 stars
61 (13%)
2 stars
37 (8%)
1 star
35 (7%)
Displaying 1 - 30 of 37 reviews
1 review7 followers
Currently reading
April 26, 2009
Accounting for ACCA exam
Profile Image for Ahmed Raza.
6 reviews8 followers
July 15, 2013
Information overload in chapters where depreciation is discussed in light of IFRS. Wouldn't recommend this to someone studying Accountancy for the first time. However, cash book, petty cash book journals, ledgers, financial statements, traditional T-accounts and the accounting cycle has been explained very well. The book, sorry to say, won't prepare you for any specific type of examination. Too detailed and irrelevant for IGCSE and O-level students.
4 reviews
September 25, 2013
I'm planning on studying Accounting and Finance at University so I read this book as part of my preliminary reading. I feel that it gave a great overview of some of the key concepts involved in Accounting for someone who has very little knowledge of the subject.
Profile Image for Literary Ames.
845 reviews403 followers
July 13, 2014
Bought this a few years ago when I was seconded to the accounting department for 18 months. I studied this book and was very impressed with how many questions are available to try and answer, plenty of theory and practice so that even a complete beginner like myself could understand.

Fast-forward to 2011 and I'm doing a 3-month starter course in accounting. The materials given to me were appalling so I dug this out and hey presto! I'm not as dumb as I thought. Mostly. A life-saver.
1 review3 followers
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April 2, 2014
Its a good 1
Profile Image for SAJID  KHAN .
56 reviews7 followers
November 27, 2018
Easy to understand Basic Financial Accounting best for both teachers and students
This entire review has been hidden because of spoilers.
37 reviews
August 10, 2025
Hello! Surely you have thought many times about how to simplify work with invoices for orders and purchases, as well as eliminate errors arising due to accountants being overloaded. I have a reliable and proven solution for you in the form of AI tool precoro, which automates the process of working with invoices for payment at all stages and allows you to reconcile invoices automatically, eliminating payment errors.
1 review
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November 17, 2025
Frank Wood's Business Accounting 1 has been a tremendous support to many of us, both accountants and non-accountants in Nigeria.

In the 1990s, it was highly sought after, a top accounting textbook that helps build a solid foundation.

That's why I searched for it on November 17th, 2025, to aid my studies and refresh my knowledge.

I really appreciate the authors' efforts in creating this valuable resource for many to read.

Thank you so much.
1 review
January 6, 2021
I don't understand
This entire review has been hidden because of spoilers.
Profile Image for Emmanuel Odey.
2 reviews
March 20, 2022
I have used this book as a student, and as a teacher, yet I keep returning to it and recommending it as an entrepreneur.
Profile Image for Marshal Mdeza.
91 reviews
May 11, 2015
This is a wonderful book for computer guys who have to implement accounting packages. It defines accounting terms in plain English.
Displaying 1 - 30 of 37 reviews

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