Warren Buffett, the famous and renowned investor claimed to have said, “Accounting is the language of business.” Therefore, even if you aren’t an accountant by trade, resourceful if you are an entrepreneur, work as an employee, or hold a significant position above in the hierarchy in a not-for-profit organization.
Thankfully, there are several publications available to help. Based on Investopedia’s analysis and the opinions of other unbiased reviewers, we’ve compiled a list of the top seven here. To make it simpler for you to locate a book (or books) that will suit your specific needs, we have classified them by topic.
Intermediate Accounting 13th Edition
by Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
Simply put, all other intermediate accounting texts are judged against Kieso, Weygandt, and Warfield’s INTERMEDIATE ACCOUNTING. Through thirty years and twelve of the best-selling editions, the text has established a reputation for accuracy, thoroughness, and student success. The text’s merits are still outstanding in the Thirteenth Edition, serving as your students’ entry point into the field. Those in Volume I are Chapters 1 through 14.
Managerial Accounting: Tools for Business Decision Making, 6th Edition
Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
Paul Kimmel explains to students the significance of financial accounting for their daily lives, business majors, and future jobs. First focusing on the overall structure of financial statements. Financial and management accounting issues receive equal attention in Kimmel. Accounting’s two-semester financial and managerial accounting program also covers the accounting cycle from a company viewpoint.
Intermediate Accounting – 14th edition
By Kieso, Weygandt, Warfield
Kieso, the best-selling book on intermediate accounting, is an excellent resource for accountants in practice as well as those just starting. They will get a solid foundation in the skills required for the accounting industry by learning how to use common accounting programs like Excel, GLS, and other computerized accounting applications. The industry leader in offering the resources required to comprehend what GAAP is and how it is used in practice is Intermediate Accounting 14 Edition. This textbook has continued to reflect the ongoing developments in the GAAP environment via several editions. This edition maintains this legacy, which is now even more important given how rapidly the financial reporting landscape is changing.
Three crucial sections have been heavily integrated into the text and are of vital importance: The convergence of US GAAP and IFRS, the Fair Value Movement, and a fresh perspective on GAAP. Authority and preparation for the profession continue to remain at the center of Kieso’s value statement (CPA exam).
Accounting Principles 11th edition
by Weygandt, Kimmel, and Kieso
Weygandt, Kimmel, and Kieso’s Accounting Principles, 11th edition, offers a straightforward introduction to financial accounting and is jam-packed with practical examples that apply to students’ everyday lives. The Team for Success authors has created a learning system that gives students the tools to apply their learning by providing examples of exercises throughout each chapter while also illuminating the accounting cycle and key transactions. The authors are aware of the areas in which students struggle in this course. This version keeps students abreast of world challenges that may affect their future jobs in business and accounting by extending coverage of IFRS.
Principles of Accounting 12th Edition
by Belverd E. Needles, Marian Powers, Susan V. Crosson
Needles/Powers/Crosson PRINCIPLES OF ACCOUNTING are constantly maturing to meet the needs of today’s apprentice. This edition’s new layout is based on analysis with students about the most suitable way to furnish content in this approach! The branches in Needles/Powers/Crosson have been organized into the Three Section Approach, which helps you more easily digest the content. The first section is Concepts and focuses on the overarching accounting notions that demand consistent reiteration throughout the approach.
With a precise acquaintance of the concepts, you are then prepared to partake in the second section–Accounting Applications. Here you rehearse the application of accounting procedures with features like “Apply It” and a new transaction analysis model, which apparently depicts how trades are the result of business determinations and are documented in a way to demonstrate their consequences on the financial statements. Eventually, you employ section three, Business Applications.
This section defines how the concepts and procedures are used to make business conclusions. To demonstrate to students the applicability of the information, real-world business examples are utilized throughout the chapter. The Tri-Level Problem in CengageNOW’s online environment adds assistance to this logical flow of the content. In order to assist a more thorough comprehension, this problem connects the three components of the Three Section Approach. These significant adjustments will increase your learning effectiveness and are intended to get you ready for a globalized and ethically murky corporate environment.
Unfortunately, accounting has bad notoriety for being a challenging, if not completely pointless, topic of study. The good news is that there are numerous excellent free accounting textbooks available to anybody who wants to learn the fundamentals of accounting in relation to their own work (and perhaps nothing more than that).