by Darrell Mullis
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Product Description
Basic Accounting Fresh From the Lemonade Stand
The world of accounting can be intimidating. But, more often than not, there's no way to avoid it--even non-financial jobs venture into financial jargon and concepts. For those trying to get more done at the office, organize the dollars and cents in a small business or just in need of a refresher, there's no reason to turn to the average number-crunching class again.
The Accounting Game presents financial information in a format so simple and so unlike a common accounting textbook, you may forget you're learning key skills that will help you get ahead!
This book uses the world of a kid's lemonade stand to teach the basics of financial language and records. You'll run your own lemonade stand and make it grow by creating signs to advertise it, borrowing money from Mom, buying lemons and sugar and selling to the whole neighborhood. As you run your stand, you'll begin to understand and apply financial terms and concepts like assets, liabilities, earnings, inventory and notes payable, plus:
--Know the difference between accrual vs. cash accounting methods
--Create and understand an income statement and balance sheet
--Track inventory using LIFO and FIFO
--Create cash statements and understand cash flow and liquidity
--Apply your new knowledge to real-life situations
The revolutionary approach of The Accounting Game takes the typically mundane subjects of accounting and business finance and makes them something you can easily learn, understand, remember and use!
The Accounting Game is produced by Educational Discoveries, the training industry's leader in accelerative learning technology. More than 70,000 people have graduated from The Accounting Game, the world's most successful one-day financial seminar.
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Average Customer Review:
0 of 0 people found the following review helpful:
 Loved it!, 2008-09-23
This was a great review for accounting... I haven't been in the accounting industry for a while and needed to brush up and this was an educational and fun approach.
2 of 2 people found the following review helpful:
Good introductory overview, 2008-08-07
This book provided exactly what I wanted - a good introduction to the basics of accounting. If you want to understand the basics of accounting without having to take a college course on it or wading through a 500-page, jargon-filled textbook, or if you want a book to supplement a college textbook and reinforce the basics, this is a good book for you.
Allow me to emphasize "basic" accounting; you will learn stuff like terminology (like what "gross profit" is and how it differs from net profit), basic methodologies (e.g. LIFO vs. FIFO), and basic tasks like how to create balance sheets, cash statements, and whatnot. This book will not, however, make you a CPA overnight; at some points, it may give you just enough knowledge to make you dangerous.
Although I doubt there's a way to make accounting really interesting, this book came close, and the format as a storybook really made sticking with it a lot easier (and less boring). It's also concise enough to be read relatively quickly and interesting enough that you'll actually be willing to do so. Highly recommended.
1 of 3 people found the following review helpful:
 not really what I was hoping for, 2008-07-16
Based on the majority of reviews here, I was hoping this would be neither too simplistic nor too dry. Unfortunately, its too simplistic, and also, since it uses a story-based layout, it is essentially worthless as a reference. What I was hoping for an easy-to-understand reference about accounting, but this is a rudimentary set of information that you have to read beginning-to-end to make any sense out of.
1 of 1 people found the following review helpful:
 Great Introduction to Accounting!, 2008-07-09
It's a good introduction to accounting..but you definitely need more than this book if you want to become an accountant ;-)
0 of 0 people found the following review helpful:
Read this one first - but don't stop there!, 2008-06-25
This book is great for people who don't have any experience or general understanding of accounting. A few months ago I was hired as an office assistant, even though I had no office or bookkeeping experience. Quickbooks was an enigma to me for a while, although it's definitely getting better.
It only took me a few days to finish this book, and it was enjoyable all the way through. This book will NOT give you specifics on how to start your own business! It was written for inexperienced (dare I say ignorant?) people who need a leg to stand on before they start digging into the specifics. If you are accounting-challenged, make this the first book you read, but not the only one.
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