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Accounting For Dummies, by John A. Tracy
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Learn the basics of practical accounting easily and painlessly with Accounting For Dummies, 4th Edition, which features new information on accounting methods and standards to keep you up to date. With this guide, you can avoid accounting fraud, minimize confusion, maximize profits, and make sense of accounting basics with this plain-English guide to your accountant’s language. Understand how to manage inventory, report income and expenses for public or private companies, evaluate profit margins, analyze business strengths and weaknesses, and manage budgets for a better bottom line.
- Sales Rank: #253716 in Books
- Published on: 2008-06-03
- Original language: English
- Number of items: 1
- Dimensions: 9.30" h x .90" w x 7.40" l, 1.34 pounds
- Binding: Paperback
- 408 pages
Review
“…insightful and well-reasoned…” (Money Matters, October 2004)
From the Back Cover
Features new information on accounting methods and standards
The fun and easy way to create great financials and boost your bottom line
Want to make sense of accounting basics? This plain-English guide helps you speak your accountant's language with ease, minimizing confusion as you maximize profits. You'll see how to manage inventory, report income and expenses for public or private companies, evaluate profit margins, analyze business strengths and weaknesses, and manage budgets for a better bottom line.
Discover how to:
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Read income statements and balance sheets
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Analyze profits and cash flow
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Evaluate accounting methods and business structures
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Use ratios to study financial statements
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Avoid accounting fraud
About the Author
John A. Tracy (Boulder, Colorado) is Professor of Accounting, Emeritus, at the University of Colorado in Boulder. Before his 35-year tenure at Boulder, he was on the business faculty for four years at the University of California in Berkeley. Early in his career he was a staff accountant with Ernst & Young. John is the author of several books on accounting and finance, including The Fast Forward MBA in Finance, How To Read a Financial Report, and Small Business Financial Management Kit For Dummies with his son Tage Tracy. John received his BSC degree from Creighton University. He earned his MBA and PhD degrees at the University of Wisconsin in Madison. He is a CPA (inactive) in Colorado.
Most helpful customer reviews
4 of 4 people found the following review helpful.
Unlike Accounting for Dummies, this one isn't for the newbies
By nign
I agree with reviewer 'Adult Learner2 "ace_magician"' and advice against buying the book if you're new to accounting and expect to build up your skills by going through the practice questions.
Here's my response to the review of 'Adult Learner2 "ace_magician"':
I regret to report that I failed to heed the reviewer's advice and have suffered for it.
Given that this title is a "workbook," the reader is supposed to have rudimentary knowledge of accounting principles before starting the book, and I don't find that unreasonable. I've finished Tracy's Accounting for Dummies and liked it for its clarity. I wholly expected this book to be just as clear and easy to follow. It isn't.
As you can see from all the other reviews, this is best as a refresher course for someone who isn't a real dummy in accounting and not as an introductory course for beginners.
While it did help me get a better idea of how the concepts work in practice, I only made it half-way through and decided to start over with another book. The author has failed to explain many customary practices used in accounting and simply expects the reader to figure them out in context. While that is indeed possible, all the guesswork involved makes me unsure of just how correct I'm about anything.
The chapter 2 practice questions that the reviewer mentioned are particularly atrocious in its failure to explain. Though later chapters are much better, the book fails to build up the reader's knowledge gradually and proceeds at an uneven path. For an accounting novice, while you do get something out of the book, for all the effort you have to put into figuring everything out yourself, you don't learn enough from it for all the hard work involved.
Also a note to Kindle readers: The answer keys are apart from the questions and there are no easy way to go to the answers except flipping through the pages to find them. The back-and-forth between going to the answer keys and continuing reading the next section or next question is frustrating and annoying. If you're buying this, get a paper book instead.
0 of 0 people found the following review helpful.
technical glitches
By cheney439
I'm not an accountant, so I really cannot rate the overall content of the book. To me it seems to be pretty good, and the reading is managable and easy to comprehend. The BIG problem with this book is the digital editing. I am reading it on a PC app and the right side of all the figures listed in the book are cut off, making them mostly useless. Figure 1-3 about the statement of cash flow was the worst because all the numbers were removed from the figure. The numbers that were supposed to be there, were listed in the discussion of the table. To get the whole picture of the table and finally understand it, I had to copy the text on a sheet of paper and then fill-in the numbers. MADDENING. I also tried to adjust font size and number of words per line, but to no avail. THE PUBLISHER AND/OR AMAZON NEEDS TO FIX THIS GLITCH.
1 of 1 people found the following review helpful.
Don't buy this product until these problems corrected!!
By DM
If it were possible to give zero stars, I would do so. There is no functioning Table of Contents. There are no page numbers. I have found this to be true of every "For Dummies" title I have bought for viewing on my Kindle App on iPad (I have three books, all bought through Amazon). I have sent an email message from within the Kindle ("Contact Us" in Settings) regarding this problem, but no response received...yet! Over a week now.
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