Best accounting books:
Numbers can be annoying if you don’t have the right materials to tackle them.
For the most part, there are millions of books and literature on accounting, finance, and even taxation, but if you haven’t read these- then you are most likely missing something precious in your career path.
If you are new to accounting and have no underlying idea of texts to read, then you have come to the right place.
Below is a list of 10 best accounting books that are perfect for beginners, mid-level, and experts in an accounting context. These best accounting books are globally recognized books.
1# Accounting Made Simple:
By Mike Piper
Accounting Made Simple: This accounting book is a fantastic starter for most people with previous accounting knowledge to go into accounting. The author, Piper, seems to have taken his time to explain in detail all that any beginner needs to know within the realm of accounting.
With its straightforward approach and avoidance of technical jargon, the book caters to individuals new to accounting or those seeking a refresher.
Based on the numerous positive ratings and a high average rating of 4.5 out of 5 stars from over 2,290 readers, it is evident that the book has resonated well with its audience. Here are some key points about the book:
- Accessibility: One of the book’s strengths is its ability to explain accounting concepts without overwhelming the reader.
Using plain language and avoiding technical jargon, Mike Piper ensures the material is easily digestible, even for those without accounting knowledge.
- Comprehensive Coverage: Despite its concise length of 100 pages, the book covers essential accounting topics such as the accounting equation, financial statements, financial ratios, Generally Accepted Accounting Principles (GAAP), journal entries, cash method vs. accrual method, inventory, cost of goods sold, depreciation, and amortization expenses.
This breadth of coverage provides readers with a solid foundation in accounting principles.
- Clarity and Examples: The author uses clear explanations and provides practical examples throughout the book.
This approach helps readers grasp the concepts more easily and apply them to real-world scenarios.
Including examples is particularly valuable for readers who prefer a hands-on learning experience.
- Organization and Structure: The book is well-structured, presenting each topic logically.
The concepts build upon one another, allowing for a smooth progression of understanding. The book’s brevity also ensures that the material stays focused and concise.
- Suitable for Beginners: “Accounting Made Simple” is specifically designed for individuals with little to no background in accounting.
It is an excellent introductory resource, providing a solid foundation for those looking to develop their understanding of financial concepts.
However, it’s worth noting that the book was published in 2013, which means it may not include the most up-to-date information on accounting standards and regulations.
Accounting standards can evolve, so readers should be aware of any changes since the book’s publication.
“Accounting Made Simple: Accounting Explained in 100 Pages or Less” by Mike Piper is highly regarded for its accessibility, comprehensiveness, clarity, and organization.
It is an excellent choice for beginners or individuals who want a concise and easily understandable introduction to accounting concepts.
2# A Brief History of Economic Genius:
A Brief History of Economic Genius: What comes to mind when we all hear history? Different things and for most, it signals “BORING”! But here’s the good news- This book isn’t what I will term “sleeping pills”. It gives you a somewhat captivating insight into the history of accounting.
Strathern brings history to life and makes it feel like an action movie. He uncovers the mystery behind the theories of mathematics and economics.
Strathern takes a critical look at how the scientific realm has over time influenced the processes or dynamics of finance.
So if you need a little knowledge of history in accounting, then you should compulsorily get this book. The book tells you everything you need to know.
3# Accounting All-in-One For Dummies
By Kenneth Boyd
Accounting All-in-One For Dummies: Of course, you are no dummy, but you sure are probably a beginner in the realm of accounting.
If you are looking for an easy way to ace your accounting exam, then you should start with this book. It’s an all-encompassing book that gives in-depth details about topics that border on accounting practices and principles.
The book just puts you in an auto-drive mode whereby all you need to do is take a deep breath and a cup of coffee, and you are on your way to acing that paper or interview.
It explains even the most complex topics or subjects in the most straightforward way.
The book also covers topics such as ways to report on financial statements, how to make savvy business decisions, auditing and detecting financial fraud.
#4 Barron’s Accounting Handbook
By Jae K. Shim
Barron’s Accounting Handbook: This accounting handbook just takes accounting to a whole new level when contributions have come from so many qualified CPA holders.
It is worth every penny I must say. It breaks through the walls of financial reporting and compliance giving a better overview of the subject.
Each contributor has taken time to tackle fundamental challenges that prospective accountants battle within the course of their careers.
There are also dedicated sections for cost management and taxation. So you have nothing to worry about. This book has you covered.
#5 The Tax and Legal Playbook
By Mark J. Kohler
The Tax and Legal Playbook: Taxation could be quite tricky when integrated with accounting, but Kholer seems to make so easy.
This book will hold you spellbound by its simplicity in handling complex accounting processes or tasks. The author cites real-life examples as it relates to matters of taxation and accounting.
Strategic planning in taxation is also accomplished in detail as some accountants in the past have expressed keen interest in this area of tax.
Kohler uses the most uncomplicated ideologies to explain basic and complex concepts in accounting and tax.
So if you are interested in buffering your knowledge on tax, this would be an excellent read for you.
6# Warren Buffet’s Accounting Book: Reading Financial Statements for Value Investing
By Stig Brodersen and Preston Pysh
Warren Buffet’s Accounting Book: Reading Financial Statements for Value Investing: Why talk about accounting when the investing aspect of it is missing? This accounting book critically looks into investment patterns or trends that have long paved the way for many investors.
It dwells on the basics of everyday investing.
The book inspires questions about analyzing financial statements and is an absolute read for beginners in investment. It gives realistic scenarios as to the dynamics of accounting.
#7 A Random Walk Down Wall Street
By Burton G. Malkiel
When an author and economist from a renowned university speaks, people cannot help but listen. And when he writes, you just remained glued to the book.
This is the case with this particular book written by Malkiel, a Princeton economist. This book is owned by every lover of economics and accounting. It’s simply irresistible.
The book breaks down the concept of risk-taking in the stock market world. It gives offers practical knowledge about investment opportunities and stock market trading.
Malkiel knows the depths of the stock market report and financial analysis.
He provides essential tips and tricks to overcome the stock market and leave you smiling all day. This book comes highly recommended for freshers and entrepreneurs when it boils down to issues of fund management.
#8 Financial Shenanigans: How to Detect Accounting Gimmicks and Fraud in Financial Reports
By Howard M. Schilit and Jeremy Perler
Financial Shenanigans: How to Detect Accounting Gimmicks and Fraud in Financial Reports: The key to fighting financial crime is primarily to understand how it works. Schilit tears down the barrier that hinders people from understanding the rudiments of all levels of accounting.
This accounting book is like a “cheatbook” for all financial professionals that aim for the bigger picture. It helps you to comprehend information about corporate jargon that could be confusing at times to beginners and mid-level professionals.
Detailed insight into accounting dynamics is penned down in this book. It is a must-read for everyone, not just people that want to tow the accounting or finance line.
By Steven D. Levitt and Stephen J. Dubner
Freakonomics: This book provides a more thrilling twist to economics. It discusses the everyday affair with economic matters topping its list.
The format of the book is somewhat different from the regular economics books, and that’s why people instantly fall in love with this fantastic book.
#10 Intermediate Accounting
By Donald E. Kieso, Jerry J. Weygandt and Terry D. Warfield
Intermediate Accounting: The authors give a detailed background of accounting software for professionals.
He also points out the necessary skills required to achieve success in an accounting career. This accounting book is the ultimate guide to understanding GAAP and its application.
The book also provides examples and tips for accounting and finance problems that people encounter in their daily lives.
It also addresses the integration of GAAP and IFRS which goes hand-in-hand with the Fair Value Movement.
The text enables prospective and professionals to ace any exam that comes their way. So if you are considering taking a CPA exam, then this is perfect for you.