Allowing you to consume well-researched material at your own pace, books are considered the most authoritative source of information for ages and it has not changed even now. When it comes to accounting, like other practical professions, exhaustive reading is an inherent part of it. The profession is highly venerated in the business world and the professionals in it are often referred to as “business physicians”.
If you are passionate about pursuing a career in accounting or you generally want to know the subject in detail, then here are few recommendations from ISBF:
1. Accounting Made Simple by Mike Piper
As the name suggests, this book is straight and easy in its approach. The book uses practical examples and explains the basic concepts in detail. Covering concepts as basic as “Choosing an Accounting Method” to advanced concepts such as Making Smart Pricing Decisions. It offers a comprehensive knowledge of the subject touching upon concepts that form the base of accounting. Another interesting aspect of this book is that it does not use jargons, which makes it a good read for beginners in accounting as well.
2. Accounting All-in-One For Dummies by Kenneth Boyd
The book authored by Kenneth Boyd along with other 6 co-authors is one of the most-read books for accounting, offering a holistic view of the subject with diverse perspectives. Touching upon the key aspects of accounting across its 768 pages, the book covers the concepts like Setting Up Your Accounting System, Recording Accounting Transactions, Adjusting and Closing Entries, Preparing Income Statements and Balance Sheets, Reporting on Your Financial Statements, etc.
3. The Intentional Accountant by Darren Root
The Intentional Accountant by Darren Root is an essential read for aspiring accountants. Written by one of the most revered thought leaders in the field of accounting, the book not only gives the reader the fundamentals of the subject but also offers the understanding to start an independent accounting enterprise.
4. Money: The Unauthorized Biography by Felix Martin
Felix Martin, an economist and former World Bank official, provides critical insights into how economies work. The book begins with the story of the Micronesian islanders and then proceeds to answer some critical questions. Though the book is not directly related to accounting, the way it explains financial systems and currency makes it an important read for all banking professionals.
5. Financial Accounting and Reporting by Barry Elliott
Written by Barry Elliott, this book is one of the leading texts that provides a comprehensive understanding of the core concepts of Accounting that include financial accounting and reporting. Offering a blend of theory and practical, this book is a must-read if you are preparing for an exam or want an in-depth knowledge of the subject to advance your career. The text has been thoroughly revised in the 19th edition, the latest, to make it more relevant to the current global market and to help you understand the intricacies of it.
Whether you are a beginner or a professional looking to delve deeper into the subject, reading diverse texts is an ideal way to do that. Accounting being a subject with diverse applicability is becoming a subject of choice for young business enthusiasts.
If you are wondering where you should pursue your degree in Accounting, then you should consider studying it directly from London School of Economics’ curriculum at Indian School of Business and Finance (ISBF). Apart from other programmes in Economics, Finance, Management and Data Science, the institute offers two programmes in Accounting with academic directions from London School of Economics (LSE). On completion of the programme, students receive a degree from the University of London. To know more details about eligibility, fees and funding, visit the programmes page.