Basic Accounting Concepts, Principles, and Procedures Volume 1

Volume 1 of Basic Accounting Concepts, Principles, and Procedures ensures that the reader develops a solid comprehension of the two most important concepts necessary to learn accounting:

• The fundamental structure of an economic entity
• Event analysis within the context of this structure.

The book provides discussion, illustration, and practice in these two key areas that far exceed any other introductory accounting book. The great benefits of this approach are that the reader develops the ability to easily and confidently analyze new or unfamiliar events without using debits or credits. Following this, the reader then learns the essential framework of accounting concepts.

After this foundation has been established, the reader is slowly introduced to the basic debit and credit recording system, which feels simple and intuitive because of the previous practice.

Volume 1 concludes with an extended introduction and discussion of the corporate concept, corporate formation, corporate transactions, and corporate financial statements.

Although it is not necessary for the reader to cover corporate concepts to continue to Volume 2, inclusion of corporate content in Volume 1 makes this book an ideal single text for the student or manager who only wants to acquire an understanding of essential accounting concepts and relate them to the corporate entity. This avoids the detailed accounting principles and procedures presented in Volume 2, which apply to completing the accounting cycle, recording major asset types, internal control, recording payroll transactions, and performing financial statement and ratio analysis.

The disk with the book contains complete solutions to exercises and problems plus accounting paper templates for an unlimited supply of necessary accounting paper to complete the problems. The book with disk is $31.95.

Basic Accounting Volume 1: Table of Contents

Volume 1 Bonus content:

Essential Math for Accounting (part 1):

Content begins at the most basic level and includes arithmetic operations, decimals, percentages, signed number calculations, and an introduction to algebra and equations. All topics have extensive problems with solutions.

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Introductory Accounting Education