Books like Accounting Game: Basic Accounting Fresh from the Lemonade Stand
Accounting Game: Basic Accounting Fresh from the Lemonade Stand
This book is a great introduction to how accounting works, especially for those of us who are really just not that crazy about numbers, calculations, and the nuts and bolts of money matters - but who may be involved in a business startup. I finished the book without doing the exercises - which usually means you haven't learned the material thoroughly - and do plan to reread it a second time, doing the exercises this time. The first reading was good for getting to know basic principles, like the difference between the accrual vs. cash method of accounting, and which is appropriate for what kind of business; the difference between an income statement, balance sheet, and cash flow statement; and how straight line vs. double declining depreciation works, and when you use which. The one thing to be aware of is that at the end, you'll be told that you've just learned about only one of the "three crucial bottom lines needed to measure the health of a business." If you want to know about the other two, plus the "six crucial drivers" of the three bottom lines, and that you should sign up for a workshop by calling an 800 number. You suddenly feel like all this time you were just being set up for an ad at the end. But the book is still a great resource and probably one of the most accessible entrance points to accounting around - so I recommend it highly.