Accounting is a great book. Our editors rated it with a top 5 stars.
User reviews about the book
Good overview of subject
This ebook is a good overview on accounting topics and concepts. It also includes useful examples that clarify concepts explained. In reference to the review by condorTFOC and the comment "revenue is activity" -- revenue IS money received and it also includes amounts earned but not yet received (ex - sale on credit).
Revenue is activity means nothing. For practical purposes and for a student learning accounting for publicly traded companies, revenue is usually anything of value received in an exchange of goods and services.
Nicely presented but missing the big picture
This is a nicely laid out book but lets the trees obscure the forest. It tells all about the bookkeeping cycle up front, but it's only on page 123 that it tells you what the income statement is. And then it makes the mistake that many books of its type do and which causes great confusion, declaring that revenue is "money received", which it isn't. Money is money. Revenue is activity. There are a lot of topics covered, which makes the book useful for people who've already grasped the fundamentals. But, starting at 'level 2' rather than 'zero', it's not for first timers.