Does exactly what it says on the tin
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An excellent book, which does exactly what it sets out to do. There's a minimum of jargon, the reader is led into the subject very gently, and the examples given are extremely clear. If you're new to accounting principles and terminology, this is well worth the price. By far the best introductory text I've seen.
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Fantastic introduction into uncharted & daunting territory!
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This book is great if, like me, you really think you ought to know something about accounting but from a distance the subject appears hugely complicated and / or boring. The approach taken is a very practical step by step one, covering all the major facets of company acounts and backed up along the way with examples and graphical illustrations of what Rice is talking about. Great if you have your own business and don't want to be baffled by the accountants any longer!
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Good for beginners and beyond.
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Not just a book for beginners, I found this extremely good for de-jargonising. It's a great read for those who are studying accountancy, because it goes back to basics and explains most things in plain English. Ideal as background reading.
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It does what it says: company accounts become comprehensible
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This book is brilliant for the beginner, e.g. someone wanting to understand how to read company accounts, or to do his own simple ones. It takes it right from the basic concepts, very step by step, and once you have got those straight, then everything can at least be attempted, because you have the mental equipment to be able to use more complex textbooks. It's no use having a wonderfully comprehensive guide to the Companies Acts and the FRSSE for small companies (e.g. Preparing Company Accounts, by Ray Mayes, pub. by Accountancy Books) if you haven't a clue whether the money you paid out for insurance for the next year is an asset or a liability. After you have read Accounts Demystified you will be able to work it out from first principles. If you are thinking of investing then you will also have a much better chance of appreciating what lies below the surface of published company accounts, and an appreciation of the extents, and limitations, of the subterfuges open to those who construct the accounts.
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