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A paperback book titled 'Financial Accounting Essentials' by Kalpesh Ashar.

Financial Accounting Essentials You Always Wanted to Know: 5th Edition

Financial Accounting Essentials You Always Wanted to Know: 5th Edition

Name: Financial Accounting Essentials You Always Wanted to Know: 5th Edition
SKU: 9781636510972
Price: 490.00 INR
Availability: InStock
Rating: 4.64 (59 reviews)

A Simple Guide to Financial Statements, Accounting Systems, Balance Sheets, and Income Statements

★★★★★ (4.8/5) Rated by 1,200+ Readers

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Description

A simple guide to understanding complex financial statements.

Financial Accounting Essentials You Always Wanted to Know is back with a new and updated 5th edition! This edition includes two new chapters on the Accounting Cycle. It is a starter pack for new managers and leaders who require a foundational understanding of financial accounting terms and who need to understand why preparing a financial statement is so necessary. After reading this book, managers will be equipped with the critical tools to document finances for shareholders and prepare financial statements for their organization

This book will help one to:

Understand why financial accounting systems are necessary
Learn financial accounting systems and terms
Explore the importance of a Financial Statement
Learn about the concept of Balance Sheet
Understand what is an Income Statement
Learn how to create a Statement of Cash Flows

This 5th Edition contains two new chapters on:

Accounting Cycle
End of Accounting Cycle

Each chapter provides clear examples of the financial accounting tools and includes practice examples to help train the reader in the usage of these critical tools.

Bibliographic Details

Pages: 176 pages

Paperback (ISBN): 9781636510972

Hardback (Color): 9781636510996

Trim Size: 5.5” x 8.5”

Category: Business & Economics

Author: Kalpesh Ashar, Vibrant Publishers

Table of Contents

1. Accounting Systems

1.1 Financial Accounting Systems

1.2 Need for Financial Accounting Systems

1.3 Financial Statements

1.4 Purpose of Financial Statements

1.5 Financial Accounting Standards

Solved Examples

Practice Exercise

Chapter Summary

2. The Accounting Cycle

2.1 Measuring Economic Activities

2.2 Increasing and Decreasing Accounts

Solved Examples

Practice Exercises

Discussion questions

Chapter Summary

3. End of Period Accounting Cycle

3.1 Cash vs. Accrual Accounting

3.2 Accruing Revenues and Incurring Expenses

3.3 Financial Statement Reporting

Solved Examples

Practice Exercises

Discussion questions

Chapter Summary

4. Overview of Financial Statements

4.1 Balance Sheet

4.2 Income Statement

4.3 Statement of Cash Flows

4.4 Notes to the Financial Statements

4.5 Miscellaneous Accounting Concepts and Conventions Solved
Examples

Practice Exercise

Chapter Summary

5. The Balance Sheet

5.1 Current Assets

5.2 Long-term Assets

5.3 Current Liabilities

5.4 Long-term Liabilities

5.5 Stockholders’ Equity

5.6 Transaction Analysis and Balance Sheet Creation

Case Study

Solved Examples

Practice Exercise

Chapter Summary

6. The Income Statement

6.1 Measures of Income

6.2 Types of Revenues

6.3 Types of Expenses

6.4 Earnings per Share (EPS) and Diluted EPS

6.5 Revenue Recognition

6.6 Expense Recognition

6.7 Expanded Accounting Equation

6.8 Transaction Analysis and Income Statement Creation

Case Study

Solved Examples

Practice Exercise

Chapter Summary

7. The Statement of Cash Flows

7.1 Categories of Cash Flow Activities

7.2 Cash Flow Pattern

7.3 Cash Flow Statement Preparation

Case Study

Solved Examples

Practice Exercise

Chapter Summary

Glossary

Author

Kalpesh Ashar is a management consultant and corporate trainer holding an MBA (Dean’s Award Winner) from SPJIMR, one of Asia’s top business schools, and an Engineering degree with honors in Electronics. He has over 24 years of experience in large organizations and start-ups in Asia, USA, and Europe. Kalpesh has worked in several project management roles, like Senior Project Manager, Delivery Manager, and Program Manager. He is passionate about writing on management subjects. His techno-business background gives him a unique position to write on management topics that are easy to understand for non-MBA graduates. His books are authored in a simple to understand manner without unnecessary use of management jargons.

Vibrant Publishers is focused on presenting the best texts for learning about technology and business as well as books for test preparation. Categories include programming, operating systems and other texts focused on IT. In addition, a series of books helps professionals in their own disciplines learn the business skills needed in their professional growth.

Vibrant Publishers has a standardized test preparation series covering the GMAT, GRE and SAT, providing ample study and practice material in a simple and well organized format, helping students get closer to their dream universities.

Series

The Self-Learning Management Series is designed to help students, new managers, career switchers, and entrepreneurs learn essential management lessons and covers every aspect of business, from HR to Finance to Marketing to Operations across any and every industry. Each book includes basic fundamentals, important concepts, and standard and well-known principles as well as practical ways of application of the subject matter.

Editorial Reviews

This book contains charts, graphics, tables, summary notes and examples related to each chapter and is very informative. It also contains a glossary at the end of the book for students to comprehend the subjects covered. The systematic organization of accounting principles will help students conquer financial accounting.
-- Jangho Gil, Assistant Professor of Accounting, Monmouth University

If you are interested in learning about accounting and how to analyze a financial statement, this is a great book to start with. Accounting is an essential skill if you intend to go into business. By doing so, you are protecting yourself against unethical or bad accountants. This book has good insights and gets to the point.
-- Xihui Chen, Assistant Professor of Accounting and Finance, Heriot-Watt University

I enjoyed reading Financial Accounting Essentials and I feel that for an overview of the subject matter, this book was well-written. I liked how the book walked the readers through the concepts of accounting.
-- Dr Cheryl A Moore , Mercyhurst University, Assistant Professor of Accounting

If you've ever looked at a set of accounts and wondered what you were looking at, this is the book for you. The concepts are explained in clear language and even after half a century of involvement with accounts and accounting principles I still had a few lightbulb moments. Recommended.
-- Sue Magee for The Bookbag

1. Content is more of a refresher book rather than essential
2. lack of practical orientation
3.no cases to justify the topic
4. modern accounting terminology is missing
-- Prof. Dharini Raje Sisodia
Assistant Professor-Finance
Ph.D.(Pursuing),MBA

As an accountant, I find it interesting to read books that are geared towards non-accountants. This book was right on the money in terms of explaining various topics related to accounting. It has an easy-to-read format so that you can skim through to get to a specific topic as needed. I highly recommend this book to any non-accountant business person as it will save you time and confusion in the long run.
-- Julia Gibson
Reviewer
Net Galley

Regardless of what position you hold in the accounting profession, having a good reference text that will teach you what you need to know and get your questions answered is important. This is an excellent and easy-to-understand text about financial accounting.
-- Mike Michelsen
Freelance Writer
Media Professional
(net galley)

I felt this book would be useful for me in helping my learners understand the basics of Financial Accounting. This publication exceeds one's expectations. The language is clear and the concepts are succintly broken down for comprehension. The topics are well laid out with a natural progression from one topic to another. I recommend this book to any student or learner interested in the concepts of financial accounting.
-- Carol Elizabeth
Goodreads/ Amazon/ Twitter
Reviewer
( net galley)

I enjoyed reading Financial Accounting Essentials and I feel that for an overview of the subject matter, this book was well-written. I liked how the book walked the readers through the concepts of accounting.
-- Dr Cheryl A Moore
Mercyhurst University
Assistant Professor of Accounting

Of course, the content of this book is basic and condensed. But that is already in the title: 'essentials'.
For students and freshmen, it is a exercise book. For seasoned managers it is a book, to have at hand-reach. Of course we know it all, but we tend to forget... At such moments, a book as this one is more than helpfull.
-- ericschmitz
Librarything Reviewer

I really enjoyed reading this Book. Full of helpful facts. Guides you in the right direction. I am definitely going to read the prior editions. Its simple and easy to understand. I highly recommend this book. Accounting made easy to understand. 5 star review.
-- joselovesgod
Librarything Reviewer

Straightforward answers to questions like:

- When analyzing Financial Statement, how to conduct Ratio Analysis und Common Sizing?
- Ho to estimate Cash Flows and calculate their Net Present Values?
- What are the levers that can optimize Working Capital?
- What is the optimal Capital Structure?

Only the numerous graphically displayed balances are presented unhelpfully in the Kindle version. In print, however, the book is definitely recommended!
-- viennamax
Librarything Reviewer

'Vibrant Publishers' Accounting and Finance books are invaluable resources for students and faculty alike. They empower students to deepen their knowledge and understanding, providing a clear path to academic success.'
-- Hem Chandra Bhatt
Assistant Professor,
P. N. G. Govt. P. G. College Ramnagar

Supplemental Resources

Online Resources

Instructor Resources

Financial Accounting Essentials You Always Wanted to Know provides a "set of bare minimum skills that you need in order to understand financial numbers," and it does a beautiful job!

I have been considering a career in accounting for awhile and what better way to see if it's a good fit then by learning some basic accounting skills.

The accounting concepts are put in a simple, and easy to understand format, even for someone like me who has little to no accounting experience. The chapters are very short, with all of the information to the point, as well as a few examples to help bring said points home.

Because of its simplicity, I can see this being a great resource for accounting students and anyone who would like more bookkeeping knowledge.

*I have voluntarily reviewed a copy of this book which I received from the author/publisher through LibraryThing Early Reviewers. All views and opinions expressed are completely honest, and my own.

Very nice financial book keeping instructions

It is very nice book for a total newbie like me. Remember it teaches you book keeping for company or firm and not individual. It is also USA based and not Indian, though concepts are similar.

helpful book

nice read, interesting concepts, taught me all that i needed to know and more.

Impeccable

Excellent

Great book for students!!!!

This book is very informative and very nice for students who need to study accounts. If you are going through trouble with accounts like I am then this book is definitely for you. This book contains diagrams, short notes and examples related to each chapter and has a detailed analysis of the chapter written nicely in head points formation. There are solved examples and exercises at the end of each chapter and you can download the answers from Vibrant Publisher's website. It also gives a preview of the chapter in the starting and it also contains a glossary at the end of the book. The language is simple and easy to understand and read. The book is very nicely written and I couldn't find any grammatical error. It is not a textbook but if you need a detailed summary of your accounts chapters; Accounting Systems, Overview of Financial Statements, The Balance Sheet, The Income Statement, The Statement Of Cash Flow, then this book is definitely for you. Overall, it's a great book with a detailed summary of the important chapters of accounts and it's worth using if you have exams soon.

Nice

Nice

Review

I liked that this is available in an electronic format. The explanations of accounting concepts is clear and there are lots of examples of usage of the terms.

comprehensive and easy

It covers several important topics. It is useful for both the purpose of introduction to topics as well as quick revision.
The short length of the books and comprehensive content makes it helpful for many readers and learners.
Why are financial accounting systems necessary
Financial accounting systems and terms
The Balance Sheet
The Income Statement
The Statement of Cash Flows
Are some of the important topics that are covered, the topics covered are very selective in terms of the importance and relevance, and for the length it is not also expected that many topics will be covered.
I expect the language and presentation to be improved in further editions.

To the point and exact information

Quite satisfied by the content of the book. Though it's a thinner book compared to the subject it covers but you get everything related to the topic. The author has used simple languages and illustration and that makes the book easier to understand. A perfect book for those who are in business. You need to have the knowledge of Financial Accounting if you want to succeed.
Kudos!!

Mind Blowing!!!

Finance at its simplest avatar.. All the big fat books in finance are useless in comparison to this one.. 100 pages n u done... don't need anything else to get started with a through understanding of BS, PL and Cash flow statements.. Guaranteed Happiness!!

Financial Accounting Essentials You Always Wanted To Know: 4th Edition

Financial Accounting Essentials You Always Wanted To Know: 4th Edition (Self Learning Management Series Book 8) is a concise book for all the readers looking for in-depth knowledge and practice questions on financial accounting.

The book, despite being a short read, has comprehensive details on the topic and can be useful for both students and professionals alike.

The book is divided into five major units. The content of each unit is explained systematically with effective use of flowcharts and diagrams.
The language is pretty simple and easy for readers to grasp the content.

Each unit begins with recapitulation of the previous and ends with a concise summary. Also, solved examples are provided along with exercises.

In my opinion, a few more examples couldve been provided for a better understanding and thorough practice along with solved answer key for the practice questions.

Overall, a good resource for all the management students, professionals and anyone looking for a better understanding of financial accounting.

Financial Accounting Essentials You Always Wanted To Know: 4th Edition

Quite satisfied by the content of the book. Though its a thinner book compared to the subject it covers but you get everything related to the topic. The author has used simple languages and illustration and that makes the book easier to understand. A perfect book for those who are in business. You need to have the knowledge of Financial Accounting if you want to succeed.
Kudos!!

Financial Accounting Essentials You Always Wanted To Know: 4th Edition