The Little Book of Financial Accounting is the easiest to understand introductory accounting text on the market. Its virtue lies in its simplicity. First, it is organized so that each topic, that which could be covered in a single class meeting, is organized in its own learning unit or module. Second, it covers all the essential concepts and techniques, but nothing that isn’t essential. Hence, students learn what they need to know without becoming lost or bogged down in unnecessary details. Third, the text introduces a system that classifies all economic events into five easy to understand categories. This system helps students understand the link between business transactions and events and the resulting journal entries. Fourth, the text is consistent with an electronic spreadsheet template, which is available as a supplement to the book that links the recording of economic events in the General Ledger to the financial reports.
If you are want an accounting textbook that students will actually read and use, give this text a try!
Part 1: Accounting Fundamentals
Module 1: Introduction to Accounting
Module 2: Foundations of Accounting
Module 3: Accounting Measurements
Module 4: Transaction Analysis
Module 5: Reporting Accounting Information
Module 6: Reporting Cash Flow Information
Part 2: Accounting Mechanics
Module 7: The Double Entry Accounting System
Module 8: The Accounting Records
Module 9: Closing the Books
Part 3: Accounting Measurements
Module 10: Accounting for Accounts Receivable & Revenue Recognition
Module 11: Accounting for Inventory and Cost of Goods Sold
Module 12: Accounting for Long-Term Assets
Module 13: Accounting for Liabilities & Equity
Part 4: Using Accounting Information
Module 14: Investment Analysis
Module 15: Financial Statement Analysis