Basic Accounting Books for Beginners

Top 10 Basic Accounting Books for Beginners [Updated 2021]

The objective of accounting is to record financial transactions systematically in the books of accounts to find out the financial position of any organization. Below is the list of books on basic accounting that you must read in 2021 –

  1. Accounting Made Simple ( Get this book )
  2. Accounting for Non-Accountants ( Get this book )
  3. Financial Statements ( Get this book )
  4. Accounting Handbook ( Get this book )
  5. Schaum’s Outline of Principles of Accounting ( Get this book )
  6. Accounting All-in-One For Dummies ( Get this book )
  7. Accounting: The Ultimate Guide to Accounting for Beginners ( Get this book )
  8.  Accounting QuickStart Guide ( Get this book )
  9. The Accounting Game ( Get this book )
  10. Bookkeepers’ Boot Camp ( Get this book )

Let us discuss each of the beginners accounting books that cover the fundaments, along with its key takeaways and reviews.

Accounting-Books

#1 – Accounting Made Simple

Author of this Accounting Book: Mike Piper

Warren Buffett Accounting Book: Reading Financial Statements for Value Investing (Warren Buffett's 3 Favorite Books Book 2)

Book Review:

This short book offers a basic introduction to accounting principlesAccounting PrinciplesAccounting principles are the set guidelines and rules issued by accounting standards like GAAP and IFRS for the companies to follow while recording and presenting the financial information in the books of accounts.read more and terminologies. The author’s brief explanations and numerous concise examples make it the perfect reference book for people from a non-accounting background.

Key Takeaways

Few of the major takeaways from this book are listed below:

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#2 – Accounting for Non-Accountants

Author: Wayne Label

Accounting for Non-Accountants: Financial Accounting Made Simple for Beginners (Basics for Entrepreneurs and Small Business Owners) (Quick Start Your Business)

Book Review:

This well-written book is focused on people who are new to accounts principles, as it lays out, for instance, different sequential snapshots of the balance sheet to demonstrate how individual adjustments should be treated.

Key Takeaways

Apart from providing basics of the books of accounts, the author focuses on a few major topics like:

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#3 – Financial Statements

Author: Thomas Ittelson

Financial Statements [Paperback]

Book Review:

Every term is defined in the simple, understandable language. Concepts are explained with basic, straightforward transaction examples. The author aims to provide a solid foundation for its readers to understand the concepts.

Key Takeaways

Few takeaways from this book:

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#4 – Accounting Handbook

Author: Jae K. Shim

Accounting Handbook (Barron's Accounting Handbook)

Book Review:

A very informative and relevant book that takes an interesting approach to account. The author aims to focus the accountants, bookkeepers, and business students as it provides perfect examples and material for referring.

Key Takeaways

Few of the topics that the book addresses are as follows:

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#5 – Schaum’s Outline of Principles of Accounting

Author: Joel J. Lerner

Schaum's Outline of Principles of Accounting I, Fifth Edition (Schaum's Outlines)

Book Review:

The book comprises a collection of solved problems in principles of accounting so that readers can easily connect the dots.

Key Takeaways

Few of the major topics covered in this book are as follows:

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#6 – Accounting All-in-One For Dummies

Author: Kenneth W. Boyd

Accounting Workbook For Dummies

Book Review:

As the book promises on its cover with its title, it offers to impart learnings in simple and layman terms. The author consistently uses examples and analogies to make the topics interesting and relatable.

Key Takeaways

Some of the aspects of accounting that the book covers are as follows:

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#7 – Accounting

The Ultimate Guide to Accounting for Beginners

Author: Greg Shields

Accounting: The Ultimate Guide to Accounting for Beginners – Learn the Basic Accounting Principles

Book Review:

Providing a general overview of financial statementFinancial StatementFinancial statements are written reports prepared by a company's management to present the company's financial affairs over a given period (quarter, six monthly or yearly). These statements, which include the Balance Sheet, Income Statement, Cash Flows, and Shareholders Equity Statement, must be prepared in accordance with prescribed and standardized accounting standards to ensure uniformity in reporting at all levels.read more, analysis, and principles followed by the accounting practice, this book offers simple explanations that are easy to follow in order to relate the accounting terms and concepts in business usage.

Key Takeaways

Few major topics that the book covers are as below:

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#8 – Accounting QuickStart Guide

Author: Josh Bauerle CPA

Taxes: For Small Businesses QuickStart Guide - Understanding Taxes For Your Sole Proprietorship, Startup, & LLC

Book Review:

A very thorough book that covers almost all majors topics and terms in accounting; The book is very helpful for small business owners as it outlines the procedures to handle accounting for a small business.

Key Takeaways

Few of the major topics covered in the book are as follows:

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#9 – The Accounting Game

Author: Darrell Mullis

The Accounting Game: Learn the Basics of Financial Accounting - As Easy as Running a Lemonade Stand (Basics for Entrepreneurs and Small Business Owners)

Book Review:

Using the world of a child’s lemonade stand to teach the basics of managing finances, this book makes the subject enjoyable and understandable. The author makes readers use their senses, emotions, and critical thinking skills to learn. The book is mainly focused on business owners/managers, budding entrepreneurs.

Key Takeaways

Few of the key learnings that the book imparts are as follows:

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#10 – Bookkeepers’ Boot Camp

Author: Angie Mohr

Bookkeepers Bootcamp by Mohr, Angie. (Self-Counsel Press, Inc.,2010) [Paperback]

Book Review:

This book shows small business owners the essentials of record-keepingRecord-keepingRecordkeeping is a basic accounting stage that teaches us how to keep track of monetary business transactions with the goal of keeping a permanent record of all transactions, knowing the correct picture of assets-liabilities, profits and losses, etc., keeping control of expenses with the goal of minimizing expenses, and having important information for legal and tax purposes.read more, and why it’s crucial to a business’s success to track financial data. The author shows the business owners how to sort through the information and paperwork, record what is important, and how to use that information to grow a business for success.

Key Takeaways

Some of the main learnings that the book imparts are as follows:

<< Get this book >>

Recommended Articles

Here is the guide to Accounting Books for Beginners. Here we provide the list of Top 10 Basic Accounting Books to read in 2021 & a sneak peek in what those books propose & takeaways. You may refer to the following books to learn more –

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