It is with pleasure that I take this opportunity to inform you of our new accounting book, ‘The Basic Accounting Book’. It has been a culmination of hard work by the author and the reviewers, all of whom are well-known authorities in accounting and bookkeeping.
The Basic Accounting Book is an ideal book for beginners in accounting and bookkeeping. The book has a well-laid-out format with comprehensive examples in every section of the book.
The book begins by explaining the basic accounting concepts of debit and credit. It makes use of typical examples to explain these important concepts. The book then goes on to give an oversight of the relevant financial accounting standards. The book places emphasis on the Generally Accepted Accounting Principles (GAAP) that are commonly used all over the United States (Accounting Coach). The book also makes special mention the International Financial Reporting Standards, which are gradually replacing the Generally Accepted Accounting Principles in the United States.
The book then goes on to highlight the accounting treatment of different transactions that take place in a typical organization. This includes transactions such as depositing and withdrawing money from the bank account and the cash account, purchasing goods on credit and selling goods on credit. The book lays primary emphasis on this section because it is the fundamental part of accounting. The author emphasizes this by providing numerous examples, most of which are drawn from real-life situations that the student can relate to. This section contains more examples than other sections in the book.
Thereafter, the book goes on to show the student how to prepare final statements of a typical organization. The preparation of final statements is spread over two sections in the book. This makes it easier for the student to grasp the many concepts involved in the preparation of the final documents. The final documents covered in the first of the two sections are the profit and loss statement and the balance sheet. The second section covers the cash flow statement and the statement of equity.
The second last section is intended to highlight the unique accounting cases that may exist in a typical organization. These special cases include accounting for mergers, partnerships, and acquisitions. The author chose to include this section to prepare the student for advanced accounting, for which he will publish a book in the coming months.
The last section is on accounting ethics. Due to the many cases of unethical practices by accountants worldwide, the author chooses to delve into this topic to enlighten young accountants on the proper accounting practices.
To enable the students to relate the material in the book with the actual practice, the book has numerous case studies of existing companies in the United States. This helps the author to link class work to actual practice. It also guides the students on the proper treatment of the accounting problems that exist in practice.
The question and answer section at the end of each chapter helps the reader to obtain a better grip on the content of each chapter. The author does not provide the answers to the examples in the book. The answers are contained in a separate answer book. This helps the student to work hard to solve the questions in the book, rather than referring directly to the answers.
The author understands the need to train the students with experience from the most experienced accountants in the country. Each section contains a commentary by an experienced accountant in the field. The commentary includes experience that the professional has gathered over his/her many years of professional career. This helps the student to acquire experience, which he would have otherwise paid for.
The Basic Accounting Book is authored to meet the demands of bookkeeping and accounting beginners. Well-known authorities in the accounting field have reviewed the book (Idaho State University). With the well laid out structure and the numerous examples, the book will enhance the learning experience of the students. It will assist the instructors to put across the course content in a manner that has not been experienced before in the accounting field. The students and the instructors can be sure to get the best highly reviewed and well laid out book in the accounting field.
In conclusion, the publishers are selling the book at a 10% discount for the first month. To place your order or for any query, kindly contact me through this address. I look forward to doing business with you soon.
Accounting Coach. “Accounting Basics.” Accounting Coach. Accounting Coach, n.d. Web. 23 June 2015.
Idaho State University. “Accounting.” Idaho State University. Idaho State University, n.d. Web. 23 June 2015.