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Rating: 
Summary: Clear and detailed book
Review: Design:
Well-designed with appropriate section headings. There are also short notes by the side of the pages, emphasizing the important points. Colored boxes were used to show illustrations and applications of real issues.Content:
This book is based on the U.S. accounting standards. It is very factual, detailed and clear in explanations. There are also well-illustrated examples to enhance students' understanding of the concepts. Issues covered include classifications of items in the financial statements and measuring the items accurately. Ethical concerns are also addressed in the classification and measurement. For who:
Definitely a good book for students seeking understanding of the concepts behind U.S. accounting standards. As the title suggests, students should have prior knowledge of accounting like basic bookkeeping and double-entry rules. However, given the changing business environment and recent accounting scandals, students should also visit the SEC websites and read the news for better understanding and keeping up-to-date with accounting standards.
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