simple and easy understanding

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	• Financial Accounting: Tools for Business Decision Making Paul D. Kimmel, Jerry J. Weygandt, ... Wiley, 2006 - 832 pages average customer review:based on 23 reviews view larger image
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simple and easy understanding

the book provides examples and graphs to help demonstrate the text.

it has a lot of details and online reviews if u want to learn more and deeper

Beginners manual

If you are new to accounting then this book should definitely be on your list. Explaining step by step how to record basic journal entries and how these entries relate to the various financial statements (Income Statement, Cash-Flows...), in a clear and well organized fashion. The only reason I am unwilling to rate this book five stars is due to the price; as most people will be using this book as an introduction to financial accounting it does seem a little expensive. It is also worth noting the problems and examples used throughout the book are of excellent quality, especially the financial statements provided in appendix A and B. If you have previous experience within the accounting field I would probably recommend a book at a higher level but beginners could do no better.

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Vague w/ No Answer Key

I found the definitions to be vague, and even the definitions of terms change as you go through the chapter, which is confusing, when you're trying to retain all this new information. The author should provide a list of examples of terms, so that we understand and grasp what the meanings of terms are, and how they are linked to other definitions.

For example, a cash flow from investing actitivites are defined as "cash flows related to the acquisition or sale of the company's productive assests". As you do some homework prolems and online quizzes, you can gather that productive assests are more than manufacturing equipment, which was the one example given in the book. If I don't know what productive assets are, then I'm not going to understand what cash flow from investing activities are.

Also, why not provide an answer key so that you can check to see if you're doing the work correctly and that you have the right understanding? The answer key should not be just for teachers.

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reviews: 1, 2, page 3, 4, 5

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M & A / Corp. Finance
USC MBA Fall 2008

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