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Accounting for Non-Accountants, by David Horner
Download Accounting for Non-Accountants, by David Horner
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Designed for students and managers who are approaching the subject from a non-finance background, Accounting for Non-Accountants guides readers through the maze of financial terms, theories and techniques surrounding business finance and accounting, doing so in a logical, meaningful and easy-to-follow style. Completely rewritten and updated, it includes information on the latest accounting standards and taxation issues, and is structured to provide in-depth understanding in three key areas: annual accounts (including profit and loss accounts, balance sheets, cash flow and reporting standards); management accounting (costing, cost-based pricing, marginal costing and budgetary controls); and financial management (including the cost of capital, working capital, takeovers, buy-outs, taxation and international transactions).
Widely used as an introductory text for business and management students on a variety of courses, Accounting for Non-Accountants remains essential reading for anyone looking to gain a solid understanding of accounting principles and practice.
- Sales Rank: #1534099 in Books
- Published on: 2013-02-15
- Original language: English
- Number of items: 1
- Dimensions: 9.00" h x .79" w x 6.00" l, 1.18 pounds
- Binding: Paperback
- 384 pages
Review
Students and business managers who need an introduction to accounting principles in the context of business finance
“[T]he definitive handbook for business professionals and managers who do not have a background in finance.� …Numerous examples help clarify the guidelines, and review questions (with solutions!) ideal for self-teaching and hands-on practice help the reader practice what he or she has learned. Accounting for Non-Accountants is an absolute must-have for any small business owner who doesn't have their own accountant on staff, and highly recommended for everyone else who isn't a financial expert!” (Library Bookwatch, The Money/Finance Shelf Midwest Book Review)
About the Author
David Horner has taught a number of courses at Colchester Sixth Form College, including A Level courses in Accounting, Economics and Critical Thinking. He has been a senior examiner for a major examining board since 2002. He is the author of a number of textbooks on accounting, economics and related areas - most recently Business Accounting Basics, co-authored with Frank Wood, published in 2010.
Most helpful customer reviews
1 of 1 people found the following review helpful.
Double-Entry Bookkeeping example errors
By Chris Koranda
tl;dr - This might be nit-picky, but I'm dinging this book because of a problem in a single early example.
In chapter 1, pages 9-10, Example 1-6 gives a small firm's financial transactions for a month. The intent is to demonstrate that double-entry bookkeeping 1) inherently exposes typos/errors, and 2) produces a "trial balance" that gives an overall view of the firm's financial activity.
The example succeeds in goal #2, and fails in goal #1.
A transaction-amount typo is introduced in the first section of the example (450 vs 400), is propagated through part (but not all) of the middle double-entry section, and is missing in the final trial balance. The double-entry numbers are not internally consistent, and don't agree with the trial balance at the end. (Also, there are inconsistent date conventions--"1 Feb" vs. "Feb 1", and at least one completely incorrect date, but those are lesser sins.)
To restate: this simple example, intended to demonstrate how double-entry bookkeeping makes data-entry errors nigh-impossible, includes /exactly this kind of error/ and makes no mention of it.
I haven't read all of the book; I've only just begun. Overall, I have no complaints about the content or writing style. But in an introductory book about accounting, where the audience is assumed to have no familiarity with the topic, attention to detail is not optional.
This feels lazy and irresponsible.
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