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Accounting 101: A Simple, Comprehensive Guide to the Basics and Principles of Accounting

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Do you think accounting is a dry and complex subject that someone invented to make your life complicated? Do you find yourself losing sleep at night because you have no idea how to file your taxes? Do you avoid taking a look at your bank account because you fear the numbers you’ll need to face? Are you looking for new investors, yet you’re already sweating at the idea of needing to answer questions about “ROI” and “break-even”? Accounting is far from rocket science. With the right tools at hand, any 14 year old high school dropout can master the essentials of accounting and even have fun with it. Accounting 101 starts from the bottom and uses simple, easy-to-understand language to explain accounting to anyone without prior knowledge. Even if you’ve done your accounting for years and you just need a easy-to-follow guide to look for answers to your questions, author Max McCoy is your man. In Accounting 101 , you’ll

Kindle Edition

Published May 31, 2020

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Max McCoy

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Profile Image for Jamie Bee.
Author 1 book125 followers
June 17, 2020
Broad Survey of Accounting

This book, as suggested by the title, is a brief survey of accounting. The author starts out very broadly by defining what it is and differentiating it from bookkeeping. He goes on to define core accounting principles and looks at the different summary reports that can help a person or a company better figure out their finances and aid future decisions. This is a relatively short book, 83 pages in the PDF review copy that I received, so he can't go into much detail about each topic and subtopic. The book is meant to be general, but I think perhaps it is too general. He goes back and forth between talking about personal and business accounting with occasional nods to governmental and nonprofit accounting as well. For such a short book, I think he should have focused on one particular area, preferably either personal or business accounting. Parts of the book feel tangential, including the international accounting mentioned as well as the discussion of accounting as a career. The book would have been stronger and more effective if one path were chosen and not deviated from; the author could actually have chosen to write multiple accounting books with similar structure and flow but geared toward different audiences. There are certainly things to be learned here, helping you with your household finances or ones for a small business, but if you're only looking for one type of advice, it may be hard to glean just those pieces relevant to you.

I received a free copy of this book, but that did not affect my review.

My book blog: https://www.readingfanaticreviews.com
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