Libraries and bookshops around the world have displayed over the years numerous books on bookkeeping and accountancy. In the very first chapter of this book, therefore, the question is asked: why then write yet another book? The traditional approach has been to introduce double entry bookkeeping principles almost at the outset and then expound those principles with the help of examples. In this book, no mention is made of double entry until Chapter 5. The book starts by demonstrating in a clear and simple way the function of cash flow statements, profit and loss statements, and balance sheets. It then explains the crucial differences between cash flow on the one hand and profit and loss on the other. The reader is only then introduced to the logic and application of the rules of double entry. The book goes on to cover a wide range of topics, including, with numerous examples, financial accounting, management information and internal control systems in a typical accounts department. This book does not aim to produce ‘full-fledged accountants,’ but rather to help the layman and the aspiring student to gain a valuable insight into both the theory and practice of bookkeeping and accountancy.
Editorial Reviews
Review
A readable and no nonsense guide to accountancy and the accounting principles, written in a clear and understandable way. It would have been good to have had this book whilst I was training! –Simon Robinson FCA DChA, Principal, Shipleys LLP
This new book, Learning Accountancy:The Novel Way by Zarir Suntook, is simply full of well explained examples that lead the reader easily into the basics of accountancy. As an interested novice with some responsibility for accounts, I find the description of a complete modern system presented in this way, very useful, and I particularly value the overall arrangement of topics which allows specific queries to be so readily accessed. –Sir John Skehel, FRS, FmedSci; Former Director of The National Institute for Medical Research, Mill Hill, London
This is an excellent introduction to the arcane mysteries of accountancy, especially because the author does not assume an unrealistic level of knowledge or experience on the reader s part. He starts at the beginning and works methodically through both the academic principles and the nitty gritty of professional and commercial practice. –Martin Frost, Senior Tax Manager, Shipleys LLP
About the Author
As a Chartered Accountant (England & Wales), Zarir Suntook has gained extensive experience in accountancy and senior financial management including finance directorships for 25 years until 2008. He has recently set up a website, www.accountancytemplates.com, to market spreadsheet-based financial models, user tips and templates.
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