Are you willing to learn to account? Or do you want to enhance your accounting skills? Are you searching for the best books of accounting? Here we will provide you a list of the top 10 books to learn to account effectively.
If you are a businessman, bookkeeper, or accountant, reading accounting books can boost your knowledge. It will help you to succeed in your business by leaps and bounds if you are updated with accounting skills.
Strong accounting skills are required from tax planning to decision making.
Let’s discuss the books which are worthwhile to read
Best Accounting Books
1. Accounting for the Numberphobic
Writer- Dawn Fotopulos
It is the best book for small business owners, especially those who feel frightened when handling the limitless numbers in spreadsheets.
It expounds on the most essential and basic concepts of accounting that play a crucial role in your daily business activities, such as Balance sheet, cash flow, net capital/income reports, etc. In addition, it answers the questions related to your business operations, like what amount you should spend and what revenue you should earn based on your business size and popularity.
2. Accounting Made Simple
Writer-CPA Mike Piper
The most important part of this book is its writer, a licensed CPA(Certified Public Accountant), and he considers the practical life examples in his book. This book is best for self-employed people or solo practitioners to learn the fundamentals of accounting.
In this concise book, all the concepts are covered well.
You can learn how to understand financial statements and their creation. Apart from this, it also explains the necessary aspects like the difference between the cash method and accrual method, depreciation, amortization, and others that a fresher should know.
3. Accounting All-in-One for Dummies-
Writer- Kenneth W.Boyd
It is a reader-friendly book to teach all essential concepts of accounting to the novice. Accounting all-in-One for dummies is for overall accounting knowledge as it covers all the basic information in nine mini-books in one.
After reading this book, you will be able to handle balance sheets, income statements. It also covers other advanced features such as financial decisions and fraud detection with different niches. This book is valuable for newcomers and experts to boost the concepts of accounting.
4. Barron’s Accounting Handbook-
Writer- Joel G. Siegel, Jae K. Shim, and 2 more
This book considered the U.S. GAAP (Generally Accepted Accounting Principles) and IFRS (international Financial Reporting Standards).
Barron’s Accounting Handbook includes the complete knowledge of accounting that professionals should know.
It consists of 1000 pages, in addition to an accounting terms dictionary. If you find any problem regarding any accounting term, you can read that from the dictionary and can shun any type of confusion.
5. Tax Savvy for Small Business-
Writer- Frederick W. Daily
Tax accounting is a vital aspect of running a business, and this book assists you in understanding tax concepts. The author writes about his 35 years of experience as he was a tax attorney. He shares all the tax planning strategies that he knows in this book.
It covers all the tax topics.
If a business deserves tax credits and wants to maximize them, this book helps to do so. It is also helpful in learning how to record previous statements. Furthermore, it teaches how to deal with an audit.
- Debit vs Credit
- Bookkeeping vs Accounting
- Quick Guide on What is the Purpose of Accounting for Students
6. Warren Buffett Accounting Book-
Writer- Warren Buffett, Stig Brodersen, Preston George(Co-authors)
This book offers two effective ways to determine the worth of an organization. It also helps in learning how to understand a balance sheet, income statements, and cash flow.
Warren Buffett is renowned for his investing skills, and this book is one the best books of accounting for investors. It is a series of three books to hone your skills of investing and picking winning stocks.
7. Profit First
Writer- Mike Michalowicz
Profit First is the book that serves you the ways how to convert your money-eating business to a money-making system. As the title suggests, it focuses on profit-making strategies. It gives you a different perspective on running a business.
Profit first is a worthwhile book for entrepreneurs because it teaches them how to deal with bookkeeping, and the reader will learn how to make money first.
The author presents many case studies in his book in a layman’s language that is easy to read and understand.
8. The Accounting Game
Writer-Darrell Mullis, Judith Orloff
It consists of 179 pages with the conversion of complicated accounting terms into simple ones. The writer gives examples of famous childhood business ventures to explain the fundamentals of accounting.
The interesting part of this book is at the end of each part; quizzes are given to solve so that the reader can understand the accounting properly.
9. Accounting Best Practices
This book is preferable for accountants or those who are working in this field. It enhances the efficiency and accuracy of accountants. In order to increase profit and operation optimization, accurate data is essential. It is one of the important books of accounting that teach the reader accurate and proper accounting skills. The author in this book provides the solutions, refinements, tips to overcome the challenges on the path of accountants.
This book is not advisable for freshers because it consists of advanced concepts and skills in accounting. It is the best solution for those who are working in this field.
10. Financial Shenanigans- How to detect accounting gimmicks and fraud in financial reports
Writer- Howard Schilit and Jeremy Perler
This book consists of numerous accounting frauds and illustrates practical world examples and suggestions on finding out scams. It also offers various tricks to the investors to deal with the gimmicks. This book’s main purpose is to detect frauds in business operations and serve the techniques to prevent them.
In this blog, we provide you with the top 10 books of accounting where you can learn about accounting. Accounting is known as the language of business, so in order to keep your business in demand, you should know how to apply accounting tools. For the security and progress of any organization, accounting skills are mandatory, and by reading the above books, you can learn important aspects of accounting.
You can start as a beginner, and books can make you perfect in accounting if you read them dedicatedly. Dedication and consistency are the important factors when you are going to learn something new. I hope this blog is helpful for you in the way of your learning path. Get the best financial accounting assignment help from our experts
Frequently Asked Questions
All the books listed above are best, but you have to examine your level of learning. You have to ensure whether you are a beginner, intermediate, or expert. By analyzing your status, you can choose any book that suits you or you can understand. If you are a beginner, don’t go for advanced books; read the basic books first, then jump.
There are various methods to learn accounting, namely online courses(blogs, websites, youtube channels, etc.), textbooks, publications. If you cannot learn from online sources, you can choose offline sources and enroll yourself in offline coaching classes. On top of it, if you are a school student and interested in accounting, you can pursue a bachelor’s degree in accounting.
You can quickly get these books from book shops or from online sources like Amazon. If you are not willing to purchase from the book shop, you can order them online. Other than that, you may get these books in the public library.