Accounting for Fun and Profit: A Guide to Understanding Advanced Topics in Accounting
This is an introductory book on financial accounting and how to read financial statements. It could be used as a text book in an intro course, especially for MBAs. However, it has less technical details than a traditional text book (meant to train accountants) and is more focused on how to understand and use accounting information.
At the same time the book covers many topics (in particular consolidations and deferred benefits) which are often not covered in an introductory book. The book is not designed to train accountants (although they could use it to help them explain what they do) but more on how managers and others can understand accounting reports.
After reading this book the reader should be able to pick up an annual report, read it, understand much of it and have a solid foundation to start asking questions about the firm.
About the Author
Lawrence A. Weiss is professor of international accounting at The Fletcher School at Tufts University. He received the Teacher of the Year Award while on the faculty of MIT and was repeatedly nominated for Best Professor at Fletcher, INSEAD and Tulane University. Professor Weiss has testified before the US Congress on bankruptcy reform, and has served as an expert witness in both civil and criminal cases. His academic articles have been cited over 1,000 times.