Wednesday, April 11, 2012

Schaum's Outline of Principles of Accounting I (Schaum's) Review

Schaum's Outline of Principles of Accounting I (Schaum's)
Average Reviews:

(More customer reviews)
I admit it. I used to be intimidated with accounting. Its concepts were somewhat of a mystery. Debits and credits, journals and ledgers, balance sheets and income statements, adjusting entries, etc. You get the picture.
A year and a half ago, I bought this book. I now enjoy accounting because the authors were so successful and effective in teaching its precepts. Lerner and Cashin have turned muddy water into a clear pool. Why weren't my college professors so effective?
I read this book from cover to cover. I'm hoping that others will benefit as much as I have from this book. Chapters cover: accounting concepts, financial statements, transactional classification, adjusting and closing procedures, business and merchandising worksheets, methods of valuing inventory, receivables, cash and its control, payroll, and also property plant and equipment
The magic of this book revolves around lucid explanations and practical examples. The authors teach the principles, provide numerous examples and then afford the reader the opportunity to apply the lessons material. The book takes you step by step and builds upon the fundamentals.
If you take the time to do the chapter end problems, you should benefit greatly from this introduction to accounting.
Truly, I think the book is a wonderful resource and guide.

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