It's hard to get excited about an "Accounting Book". But, this one adds up.
I remember my lone accounting class in engineering school - something like Accounting for Business. It was full of debits and credits and I was thankful that taking just one class covered the requirement. If only Physics worked that way I might have had a GPA which broke 3.0.
I was thrilled that this book was available on audio -- which at first seemed a bit odd. Afterall, shouldn't a book on accounting be full of charts, graphs and spreadsheets?
This title covers basic accounting terms, but in the context of a "business model".
When you get an understanding of how money flows through your business and you can establish a benchmark for what "good performance" looks like, it is transformative.
This model allows you to ask questions like, "What will this new hire mean for our model?"
And, when we miss, or exceed, our model targets, we need to know *why*.
Generally Accepted Accounting Principles may be what the government and certainly lenders are going to want to see, but what really matters is that entrepreneurs and managers understand how the "numbers" land in the business itself. Understanding these numbers allows you to really use the numbers to *manage forward*, not just "look back". #powerful
From there you can graduate to every Private Equity wonk's favorite terms such as EBITDA and Multiples -- but only if you really need to.
This title, and Thomas Sowell's Basic Economics form an excellent financial education and should be on everyone's list.