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Accounting


Accounting
Accounting
  • ISBN13: 9780324662962
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The authors of ACCOUNTING, 23e, understand that you need to find important information quickly. This textbook uses an integrated learning system to help you complete homework and lead you to accounting mastery. Building on the authors' proven approac
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9 of 11 people found the following review helpful


5.0 out of 5 stars
Good introduction to accounting, November 19, 2008



This review is from: Accounting (Hardcover)


The book does a good job of exploring the basics of accounting. It explains concepts by demonstrating the use of a manual accounting system. The examples are well thought out and easy to understand. Computerized accounting systems are discussed only briefly.

The Excel templates downloaded from the companion website are an excellent resource. They lead you through the preparation of various ledgers, forms and reports. The templates include validation of the user's entries, so you receive immediate feedback when something is entered wrong. If you use the templates to complete the exercises at the end of each chapter, you literally can't go wrong.

The table of contents is rather hard to read. It employs lots of different fonts and colors which make it difficult to find the chapter or topic you are looking for.

The actual book itself uses a lot of graphics, almost to the point where the pages themselves are too noisy. Nevertheless, many of the graphics are helpful and make up for the "graphic noise" on every page.


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2 of 2 people found the following review helpful


3.0 out of 5 stars
Good, but incomplete, October 8, 2011



This review is from: Accounting (Hardcover)


This book is not bad, but it has a couple primary faults. The 22nd edition was better. Much friendlier on the eyes as far as the boxes shown for the journal entries, and not so many distracting text boxes and margin notes about learning objectives. The discussion is generally ok but I found that my professors' lectures filled in many gaps of the textbook. In many ways it just seemed like this book was incomplete. The problems in the book are good but there is no solutions manual available to students, even for some of the exercises and problems. It sure would've helped if there was. Instead, they give partial answers in the margin for a few of the problems here and there.


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1 of 1 people found the following review helpful


5.0 out of 5 stars
accounting, August 18, 2012



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This review is from: Accounting (Hardcover)


this book has been very good and easy to follow. I am a first year student and books cost a lot of money but with Amazon it was affordable. I also received the book very fast so I did not miss-out on any of my school work.


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Related Accounting Textbooks

Financial Statements: A Step-by-Step Guide to Understanding and Creating Financial Reports


Financial Statements: A Step-by-Step Guide to Understanding and Creating Financial Reports
Financial Statements: A Step-by-Step Guide to Understanding and Creating Financial Reports

Now the best-selling book of its kind has gotten even better.This revised and expanded second edition of Ittelson's master work will give you that firm grasp of "the numbers" necessary for business success.

With more than 100,000 copies in
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363 of 365 people found the following review helpful


5.0 out of 5 stars
Simply The Best!, August 26, 2006




A solid foundation is critical to understanding concepts. So you'd think most books would spend a lot of time ensuring and clarifying the basics, right? Wrong! Simply not true! Most of the accounting/finance books just don't get into clarifying the very basics - the confusing array of terms used, how they fit together, what they actually mean in a realworld setting, etc.

This book - a must on every managers shelf - adds value by providing clear and consise definitions and relates them visually. The chapter on connections ties a lot of information together with such ease. Above all the step by step examples go a long long way into clarfying any remaining confusion you'd have. Its very easy to read. You'd probably finish it over a weekend. So its tremendous bang for buck.

Clearly the first introductory book one should read. There are plenty of good books for the next level (IMHO).

**_Simply go get it - read it. Enjoy the clarity in your decision making. Highly recommended._**

Here is a list of books that might also help.
Introductory level:
1. Financial statements (Thomas Ittelson, this book)
2. How to use financial statements: A guide to understanding the numbers (James Bandler)
3. How to read a financial report: wringing vital signs out of numbers (John A. Tracy)

Next Level:
4. Financial Statement Analysis: the investors self study to interpretting & analyzing financial statements, revised edition (Charles J. Woelfel)
5. Analysis For Financial Management (Robert C. Higgins) - This is one excellent book.
6. Techniques Of Financial Analysis: A Modern Approach (Eric A. Helfert)
7. Finance & Accounting for Nonfinancial Managers (Steven A. Finkler)

MBA Level:
7. The Analysis And Use Of Financial Statements (Gerald White, Sondhi, et. al) - dense reading (plus the plain format of this version of the book is sure to make you fall asleep. Hats off to you if you can read this book cover to cover. :).)
8. Also Corporate Finance: theory and practice (Damodaran) has a very good advanced level introductory chapter. Pick it up at a library and ...

If you had to buy 1 book:
I'd recommend - #1 above.

If you could buy 2 books (over time):
I'd recommend - #1 and #5 above.

If you could buy 3 books (for an in depth managerial understanding):
I'd recommend - #1, #5 and #6 above.

#7 - has a decent cd of spreadsheets for ready use (proforma cash flows, ledgers, etc; very handy)

Good luck!


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105 of 108 people found the following review helpful


5.0 out of 5 stars
Financial Statements for Dummies!, April 14, 2004


By 
M Kramer (United States) - See all my reviews



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I've been buying from Amazon.com for at least 5 years but this is my first review. I am 3/4 of the way through Ittelson's book and I want to write this review while my enthusiasm is still burning white hot.

Ittelson has a gift that few experts have. He anticipates all my newbie/beginner stupid questions. Here I am on page 169 wondering why paying payroll taxes doesn't show up on the Income Statement. Sure enough, right after I've wondered to myself why there is no transaction on the Income Statement, I see his note explaining that these payroll tax expenses were put on the Income Statement when the goods were shipped, "not when the actual payment is made."

As soon as the little voice in my head asks, "But why did they do it *this* way?" Ittelson gives me the answer.

I give Ittelson a lot of credit for this. After you've studied something for years, as he clearly has, it's often almost impossible to see the subject with the eyes of a beginner. Believe me, I'm a teacher, I know how difficult it can be.

The first part of the book examines the three basic statements line-by-line: Income Statement, Cash Flow Statement, and Balance Sheet.

The largest part of the book sounds incredibly dry and dull. Each even-numbered page displays all three financial statements: Income Statement, Cash Flow Statement, and Balance Sheet. The odd-numbered page explains a business transation: paying payroll taxes, for example. The transaction's impact on the three financial statements is displayed on the even-numbered page.

Believe it or not, Ittelson makes it interesting to read about these business transactions. He creates a narrative about starting a business and running it. Along the way, he offers a few humorous pearls of business wisdom. This is dry, technical stuff but he makes it entertaining without ever sacrificing explanatory precision.

This is a great book for anyone who feels they need to sharpen their skills with financial statements. I've read short descriptions of financial statements before but it never sank in. What's great about Ittelson's book is that first he gives very clear definitions of key terms and then he takes you step-by-step through each business transaction and how it is reflected on the financial statements.

I wish I had read this book more than 10 years ago when I first started in the business world. I assume that you learn this stuff if you have an MBA. But I didn't. This gives one a solid grounding in the brass tacks of the business world.

This book has been of enormous value to me. It is an essential reference for anyone who needs to understand what business finances are about.



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76 of 79 people found the following review helpful


5.0 out of 5 stars
The Best Book on Financial Statements, Period!, November 22, 2003



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Wow, what a great book! I am a technical professional enrolled in a graduate business degree program, and until now the plethora of financial and accounting terminology and rules has been bewildering for me. That is no longer true after buying this book. I have primarily used it as a reference book, and without fail any explanation I have needed has been easy to find, clear and concise.

I am no longer in the financially confused majority, largely thanks to this book. The author's education is in biochemistry (as is my undergraduate education), and because he originally came from the hard sciences where clarity and accuracy are valued above all else he was better able to be clear and easy to understand in comparison to many business school authors who seem to thrive on jargon and platitudes.

This is a great book to have on the reference shelf. If you are involved with business finance or investment analysis it is simply the best book available on the subject and should be considered indispensable!



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List Price: $ 17.99

Price: $ 10.80



Accounting Comes Alive - The Color Accounting Parable


Accounting Comes Alive - The Color Accounting Parable
Accounting Comes Alive - The Color Accounting Parable
  • Accounting
  • Finance
  • Business
  • Entrepreneur
  • Management

Accounting Comes Alive: The Color Accounting Parable is the story of how an MBA learns the principles of accounting and business from his grandfather. You ll read the book in an evening and come away with a solid grasp of the essential concepts you n
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7 of 7 people found the following review helpful


3.0 out of 5 stars
Short and sweet, if you like parables, May 26, 2012


By 
J. McKinley (Baltimore, MD) - See all my reviews
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A fairly quick and easy read that can help the layperson better understand accounting. It may have actually helped me with my Accounting class.


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6 of 6 people found the following review helpful


5.0 out of 5 stars
Outstanding!, August 27, 2011



This review is from: Accounting Comes Alive - The Color Accounting Parable (Paperback)


I read this book in one sitting (3hrs) and can now say that I finally understand accounting and financial analysis and am even quite excited by them! The creators of this book bring accounting to life via the art of story-telling and wonderful use of colour / visual aids - the learnings being embedded on multiple layers. I particularly like the fact that they've stayed away from the classic use of RED and BLACK!!

Being in the organisational development field, I recommend this book be made compulsory reading for Managers and Leaders within the corporate arena. To all budding Entrepreneurs this book is a must for your business toolkit.

I understand that there is an associated workshop and I shall be signing up for that and recommending it to my company's CFO.

Thank you Mark Robilliard and Peter Frampton for creating such a masterpiece!


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5 of 5 people found the following review helpful


5.0 out of 5 stars
This book transforms the way accounting is taught!, July 7, 2011


By 
Paul (New York, NY) - See all my reviews



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This review is from: Accounting Comes Alive - The Color Accounting Parable (Paperback)


Wow! - I get it! I finally understand Accounting!!!!

The book uses effective color themes and a simple story (parable) to take the reader through a gradual learning process. Starting off with easy to understand, basic accounting concepts, and gradually moving on to use formal accounting terms and principles like Income statements and Balance Sheets - always applying the simple color concepts to help the reader apply and understand the basic accounting principles.

The second part of the book actually covers financial analysis! So on completion of this book, one has a thorough understanding of accounts in general, income statements and balance sheets AND the ability to analyze the health of a company.

What a wonderful approach to learning and understanding accounting!


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List Price: $ 9.95

Price: $ 9.84

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