- Paperback: 110 pages
- Publisher: Prentice Hall; 8 edition (October 13, 2002)
- Language: English
- ISBN-10: 0131025716
- ISBN-13: 978-0131025714
- Product Dimensions: 8.4 x 0.4 x 10.9 inches
- Shipping Weight: 1.3 pounds
- Average Customer Review: 52 customer reviews
- Amazon Best Sellers Rank: #2,348,670 in Books (See Top 100 in Books)
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Essentials of Accounting and Post Test Booklet 8 (8th Edition) (No. 8) 8th Edition
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"This book will be of great value to corporate management trainees, as well as to business school students who want to 'hit the ground running.'" Professor Jonathan B. Schiff, Fairleigh Dickinson University
"We have effectively used Essentials of Accounting in our introductory graduate level course in financial accounting. Dr. Anthony is clearly one of the leading academics in our field and has demonstrated an ability to communicate a difficult body of knowledge to generations of accounting students." Professor Steven Lilien, Baruch College
"Essentials of Accounting serves as an indispensable tool for teaching and as a guidebook for anyone wanting to understand the foundations of accounting in an easy, highly interactive way. It is simply the best." Professor Philip DiSalvio, Seton Hall University
From the Back Cover
This self-paced introduction to financial accounting presents the ideas and terminology essential to an understanding of balance sheets, income statements, and statements of cash flows. This engaging text is aimed at he active user of business data. Essentials of Accounting requires readers to solve accounting problems, based on the authors' belief that this is the most effective way to understand the meaning and use of accounting information.
Thus, every frame requires student involvement-either selecting a correct word from two choices, providing an answer, making a journal entry, or preparing a complete balance sheet.
- Detailed step-by-step approach guarantees mastery of basics.
- Develops essential ideas from basic concepts and defines accounting terms through concise examples.
- Self-contained booklet includes an expanded glossary/index of terms with definitions, exhibits, and post tests with answers for each chapter.
Top customer reviews
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This book is an introductory level accounting workbook (as opposed to a textbook). It teaches you accounting through exercises like fill-in-the-blanks. That might sound like grammar school, but that's the point. The book's title is exactly what you will get, the essentials of accounting, without all of the minutiae that make other books hundreds of pages long. And you will be prepared enough to follow along during the first few weeks of an introductory MBA course.
Nevertheless, if you already understand accounting and want to get into financial analysis (ie, valuation, forecasting, etc...), you're going to need a completely different book. I used two when I first started out: 1- Analysis for Financial Managment by Robert Higgins and 2- Finance for Managers by the Harvard Business Press.
Having already spent $65 thinking I was getting a combination text book/workbook, then finding out that I have to spend an ADDITIONAL $40 for the text book is unacceptable. I'm not sure who is responsible for writing the product descriptions, but I think equal blame goes to Amazon and the publisher.
To those of you who are saying the pages are printed upside down, please READ THE SECOND PAGE OF THE INTRODUCTION in the front of the book. It clearly has the following info:
"NOTE: Halfway through the book, the pages reverse so that the response column will always be on the right-hand side of the page. At this point you must turn the book over to move forward through the frames."
What this workbook does is ask questions, on the left side of the page, and has answers to the immediate right (they provide a tear-away "card" at the back that you can use to cover up the answers as you go).
On a positive note, when I called Amazon last night to complain about this, they apologized and then gave me a $5 discount towards my next purchase (which I turned right around and applied to the text book "Core Concepts of Accounting (10th Edition) [Paperback]" ISBN# 0136029442.
I asked the woman I spoke with several times to make sure the product description is updated, so we'll see how quickly that gets done.
I give it 3 stars because of the problems noted above. It looks like it will be useful. I'll repost once I've actually used it.
My Dad recommended this text to me originally as part of his pre-Havard Business School preparation, and I found it in its 9th edition later. It is a fantastic "workbook" as it provides you with ample "frames" (or questions, normally fill-in-the-blank) that have you really digging into the concepts of accounting. The style of it demands that you work straight through the book, which I think is important to raise because some might want to jump to specific chapters. As each chapter compounds into the next, what you learn in Chapter One will certainly be discussed, built upon, and tested in Chapter Two and so on. The result is a rather steep learning curve that may have you getting frustrated, e.g. the "oo what was that again for the 10th time?" However, the positive side is that once you can really answer the majority of the frames without looking back to previous chapters or other frames (or seeing the answer just to the right) there is a great satisfaction.
It is a challenging guide that really gives you the "essentials of accounting." Personally, what I appreciated most was its emphasis on concepts of accounting from basic, e.g. "dual-aspect concept," to difficult, e.g. "realization concept," and then developing said concepts with practical accounting ideas, e.g. credits-and-debits or T-accounts. The result is that I feel confident about accounting, that is, I know I'm not expert but at least I can talk-the-talk and somewhat walk-the-walk. Moreover, I also think it provides a fantastic platform for future learning about accounting.