Overview

Libraries and bookshops around the world have displayed over the years numerous books on bookkeeping and accountancy. In the very first chapter of this book, therefore, the question is asked: why then write yet another book?The traditional approach has been to introduce double entry bookkeeping principles almost at the outset and then expound those principles with the help of examples. In this book, no mention is made of double entry until Chapter 5. The book starts by demonstrating in a clear and simple way the function of cash flow statements, profit and loss statements, and balance sheets. It then explains the crucial differences between cash flow on the one hand and profit and loss on the other. The reader is only then introduced to the logic and application of the rules of double entry.The book goes on to cover a wide range of topics, including, with numerous examples, financial accounting, management information and internal control systems in a typical accounts department. This book does not aim to produce 'full-fledged accountants,' but rather to help the layman and the aspiring student to gain a valuable insight into both the theory and practice of bookkeeping and accountancy.

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9781443826754

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Reviews

A readable and no nonsense guide to accountancy and the accounting principles, written in a clear and understandable way. It would have been good to have had this book whilst I was training! -Simon Robinson FCA DChA, Principal, Shipleys LLP This new book, Learning Accountancy: The Novel Way by Zarir Suntook, is simply full of well explained examples that lead the reader easily into the basics of accountancy. As an interested novice with some responsibility for accounts, I find the description of a complete modern system presented in this way, very useful, and I particularly value the overall arrangement of topics which allows specific queries to be so readily accessed. -Sir John Skehel, FRS, FmedSci; Former Director of The National Institute for Medical Research, Mill Hill, London Learning Accountancy: The Novel Way is what it says it is and more. The simplification of accounting concepts is refreshing. Having personally persevered with texts which start with double-entry, this approach using simple examples starting with explanation of Cash flow, etc. is much appreciated. I look forward to publication and contemplate introducing this text as part of our course. -Ed Robinson, Principal, Kensington College, Bloomsbury, London This is an excellent introduction to the arcane mysteries of accountancy, especially because the author does not assume an unrealistic level of knowledge or experience on the reader's part. He starts at the beginning and works methodically through both the academic principles and the nitty gritty of professional and commercial practice. -Martin Frost, Senior Tax Manager, Shipleys LLP This is a concise, practical approach on how to read, understand and produce a Profit & Loss Account, Balance Sheet and Management Accounts. The novelty is that, from the outset, it defuses any mystique perceived in the accountancy process, and enables the reader immediately to grasp the essentials. -Jeremy Jacobs, Solicitor (retired) A more logical way of learning book-keeping establishes the reasons for learning double entry before you have to master the principles. Recommended as an introduction to book-keeping, not least because of its clear explanations. -Sue Magee, The Book Bag, 2010 ... different from other books on the market. Zarir's book demonstrates in a clear and simple way the function of cash flow statements and profit and loss statements and balance sheets with numerous examples explaining the detail. The book goes on to cover a wide range of topics including financial accounting, management information and internal control systems in typical accounts departments ... it is not intended to produce a fully-fledged accountants, but to help the layman or aspiring student or businessman gain a valuable insight into the theory and practice of book keeping and accountancy -Brian Page, Mensa Magazine, January 2011

Author Information

As a Chartered Accountant (England & Wales), Zarir Suntook has gained extensive experience in accountancy and senior financial management including finance directorships for 25 years until 2008. He has recently set up a website, www.accountancytemplates.com, to market spreadsheet-based financial models, user tips and templates.

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