Frank Wood's Business Accounting 1

Rating:
Summary: A must have for reference and self study
Review: This is a great accounting book. It delivers in what it promises, The chapters are arranged in a logical progression. The pedagogy is elegant. Before I read this book I was lost in the shuffle of debits and credits, with this book I have mastered these a bit.

I'am an American, the content of this book is a bit British. There is a section on VAT, the conceptual framework is British- centric. If you have read Keiso's Intermediate Accouning then you'll know that there is a conceptual framework based on standard setting by governing bodies. A further difference is how trading profit and loss are treated, as I've learned it nominal accounts such as revenue and expense accounts are closed to income summary to finally be debited or credited to retained earnings. In this book it is different, there exist a trading an loss accounts where everything is refelected. Also the authors use individual customer accounts rather than accounts recievable and accounts payable.

This is the new edition of the book, if you are not convinced you could look at the reviews of the previous edition. I based my purchase decision on the previous edition reviews. I also found this book on Amazon UK.

Rating:
Summary: A must have for reference and self study
Review: This is a great accounting book. It delivers in what it promises, The chapters are arranged in a logical progression. The pedagogy is elegant. Before I read this book I was lost in the shuffle of debits and credits, with this book I have mastered these a bit.

I'am an American, the content of this book is a bit British. There is a section on VAT, the conceptual framework is British- centric. If you have read Keiso's Intermediate Accouning then you'll know that there is a conceptual framework based on standard setting by governing bodies. A further difference is how trading profit and loss are treated, as I've learned it nominal accounts such as revenue and expense accounts are closed to income summary to finally be debited or credited to retained earnings. In this book it is different, there exist a trading an loss accounts where everything is refelected. Also the authors use individual customer accounts rather than accounts recievable and accounts payable.

This is the new edition of the book, if you are not convinced you could look at the reviews of the previous edition. I based my purchase decision on the previous edition reviews. I also found this book on Amazon UK.