Schaum's Outline of Principles of Accounting I - ISBN:0070381496

Schaum's Outline of Principles of Accounting I

Date: 14 April 2011, 07:48

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Summary: Schaum's Outline of Principles of Accounting I (Shcaum's)
Rating: 5
Presented in manner to make it easy to understand and practice. I became an "accountant" within the period I took to go through the entire book-one month! Now I do my own accounts using the principles I leant and a Peachtree accounting software.
I will be purchasing Schaum's other books.
Summary: Want to Learn Accounting? Buy this Book!
Rating: 5
I admit it. I used to be intimidated with accounting. Its concepts were somewhat of a mystery. Debits and credits, journals and ledgers, balance sheets and income statements, adjusting entries, etc. You get the picture.
A year and a half ago, I bought this book. I now enjoy accounting because the authors were so successful and effective in teaching its precepts. Lerner and Cashin have turned muddy water into a clear pool. Why weren't my college professors so effective?
I read this book from cover to cover. I'm hoping that others will benefit as much as I have from this book. Chapters cover: accounting concepts, financial statements, transactional classification, adjusting and closing procedures, business and merchandising worksheets, methods of valuing inventory, receivables, cash and its control, payroll, and also property plant and equipment
The magic of this book revolves around lucid explanations and practical examples. The authors teach the principles, provide numerous examples and then afford the reader the opportunity to apply the lessons material. The book takes you step by step and builds upon the fundamentals.
If you take the time to do the chapter end problems, you should benefit greatly from this introduction to accounting.
Truly, I think the book is a wonderful resource and guide.

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