20 Best Accounting Books For Professionals And Beginners

20 Best Accounting Books For Professionals And Beginners

Books are the best friends of humans from all times but nowadays technology and the internet has replaced the importance of books. 

You have a variety of ways to learn to account from workshops, from the internet, from specialists courses, etc but the best alternative of learning to account is from books.

Books offer a great way of learning and enhancing your skills at a very lower price as a comparison to specialist courses. By reading books, you gain a vast amount of knowledge in a relatively short amount of time and it is one of the best ways to learn.

The only problem while studying from books is that you don’t know which books serve the best. For example, if you search for the best accounting book on the internet or on amazon you will get more than 235,512 results about accounting, so it will be difficult for you to make up your mind about what to read.

Before choosing the best one you can do research and search for the best book of accounting but again then you will get hundreds of results showing the best book of accounting so that doesn’t help a lot either unless you want to spend your whole day going through those lists.

Well, we have done that job for you, we have searched for the best lists of accounting books and selected and combined the 21 most valuable best-of lists and ranked what accounting books keep up appearing on most of those published lists. From a total of 200 books reviewed and ranked, here are the 15 most recommended accounting books.

List of best accounting books

1. Warren Buffett Accounting Book

Warren Buffett Accounting Book
  • The author of this book is Stig Brodersen and Preston Prysh.
  • You will get to learn how to pick stocks like Warren Buffett in this book.
  • This book is the second volume of Warren Buffett’s three favorite books.
  • This book covers the topic like calculating the intrinsic value of stocks using two methods.
  • During the second part of the book, you will learn in-depth methods for reading a balance sheet, reading an income statement, and a cash flow statement.
  • You can also learn how to calculate and interpret key ratios from this book.
  • The author of this book is Stig Brodersen, Preston Prysh.
  • This book is available on amazon.com.

2. Bookkeeping and accounting

Bookkeeping and accounting
  • This book consists of three comprehensions manuscripts in one book.
    • Bookkeeping: Guide to Bookkeeping for Small Business.
    • Accounting: a Guide to Accounting for Beginners – Learn the Basic Accounting Principles
    • Accounting: a Necessary Guide to Learning Accounting Quickly.
  • The first part of the book is for those people who want to learn about the fundamentals of bookkeeping and accounting without becoming a certified bookkeeper. Part 1 includes a section for business taxes, a stepwise guide to prepare W-2 forms. 
  • Some concepts include in part 1 are Bookkeeping Basic, What’s New in Bookkeeping for Small Business, Managing Assets, Liabilities and Owner’s Equity, How to Use Ledgers and Journals to Track Business Activity, Bookkeeping When You Have Employees, And Much, Much More.
  • Part 2 of this book includes these topics like Accounting is Different From Bookkeeping, Understanding the Vocabulary, Accounting Reports of The Income Statement, The Balance Sheet, the Cash Flow Statement, The Accounting Equation, The CPA and Public Accounting, Jobs in Accounting: Financial Accounting, Tax Accounting and much more.
  • Here are a few topics discussed within part 3 of this book includes: Generally Accepted Accounting Principles (GAAP), The Accounting Equation, Cash Method Vs Accrual Method, Double-Entry Accounting, Financial Statements, Making Adjusting Entries, How to Finish the Accounting Cycle, etc.
  • The author of this book is Greg Shields.
  • This book is available on amazon.com.

3. A Small Business

Small Business
  • This book is a complete guide to accounting principles, bookkeeping principles and taxes for small businesses. This book consists of three parts ‘Accounting’, ‘bookkeeping’, and ‘taxes for small businesses.
  • The first part of the book is an accounting. Here are some of the important aspects of accounting. 
  • Some of the topics that will be discussed include the difference between accounting and bookkeeping, how accounting works, to work with a balance sheet, What the income statement is and why it’s so important, etc.
  • The second part of the book is a guide for bookkeeping. Topics that will be discussed include the basics of bookkeeping, Some of the most important financial statements to help you run your business, The different bookkeeping methods, preparation of taxes at the end of the year, Handling the assets, liabilities, and owner’s equity, etc.
  • The third part of the book is all about Taxes for Small Business. This book will help you to understand the different tax laws.
  •  Some of the topics that will be discussed in these books are: How to file quarterly taxes, What is the status of your small business, The difference between an LLC, or sole proprietor, Tax suggestions that will help new business owners this year, How to determine if you are an employee or a freelance worker etc.
  • The author of this book is Mark Smith.
  • This book is available on amazon.com.

4. Accounting Made Simple

Accounting Made Simple
  • If you do not have much time and want to refresh knowledge of accounting this book is for you. This book explains accounting in 100 pages or less. 
  • Some of the theories explained in this book are Accounting Equations, Preparation of financial statements, How to calculate and perform different financial ratios, The theories and assumptions behind Generally Accepted Accounting Principles (GAAP).
  • The author of this book is Mike Piper.
  • This book is available on amazon.com.

5. YOUR FIRST CFO

YOUR FIRST CFO
  • Your first CFO is a step by step guide book that helps you to learn how to use the tool in accounting. 
  • This book will transform your knowledge about bookkeeping, accounting, and finances into a foundation of confidence about the future of your business.
  • The author of this book is Pam Prior.
  • This book is available on amazon.com.

6. Accounting

Accounting
  • This book is an essential guide to learn accounting quickly.
  • If you want to learn accounting in a practical and easy way then check out this book. 
  • Here are a few topics explained within the books includes: Generally Accepted Accounting Principles (GAAP), The Accounting Equation, Cash Method Vs Accrual Method, Double-Entry Accounting, Financial Statements, Making Adjusting Entries, etc.
  • The author of this book is Greg Shields.
  • This book is available on amazon.com.

7. Financial statements

Financial statements
  • Financial statements are a step by step guide to understanding and creating financial reports.
  • Financial statements give the perfect introduction to financial accounting for managers, stock-market investors, undergraduate business, students, lawyers, entrepreneurs, etc.
  • This book defines every term in simple and understandable language. Every concept is explained with a basic,  transaction example. The book comprises of two major sections of nine chapters that were added to this revised second edition of financial statements.
  • The author of this book isThomas Ittelson.
  • This book is available on amazon.com.

8. International financial statement analysis workbook

International financial statement analysis workbook
  • This book covers all perspectives from financial reporting mechanics and standards to understand about income and balance sheets. 
  • with this new third edition, this book contains the most current standards and methods for accounting.
  • This book explains theories of accounting includes: the complete statement analysis process, and information on income tax accounting, the influence of foreign exchange rates on the statements of MNCs, Learn the accounting mechanics behind financial reporting, differences between statements from around the world, etc.
  • The author of this book is Thomas R Robinson, Elaine Henry, Wendy L Pirie, Michael A Broihahn.
  • This book is available on amazon.com.

9. Advanced accounting

Advanced accounting
  • Advanced accounting is the guide of accounting that reflects the latest business developments.
  • This book teaches you practical financial reporting problems while reflecting recent business developments and changes in accounting standards.
  • The 13th edition gives you a better learning experience by providing a real-world context.
  • You will understand how to apply accounting concepts by studying real-world examples.
  • The author of this book is Floyd A Beams, Joseph H Anthony, Bruce Bettinghaus, Kennethan Smith.
  • This book is available on amazon.com.

10. Fundamental managerial accounting concepts

Fundamental managerial accounting concepts
  • The book ‘fundamental managerial accounting concepts’ focus on helping students to understand and learn the principles of accounting along with the applications of accounting in business.
  • The text in this book is an organized coherent, integrative framework that enables students to build their knowledge in a stepwise manner.
  • The author of this book is Thomas P Edmonds, Christopher Edmonds, Philip R Olds, Bor-Yi Tsay.
  • This book is available on amazon.com.

11. Accounting fundamentals for health care management 

Accounting fundamentals for health care management
  • This book is an introductory course in financial accounting for both undergraduate and graduate programs.
  • This book focuses on basic accounting in health care and management.
  • This book contains a vocabulary of accounting and an introduction to the tools and concepts employed by finance officers.
  • The author of this book is Steven A Finkler, David M Ward, Thad Calabrese.
  • This book is available on amazon.com.

12. Accounting for small business

Accounting for small business
  • Accounting for small businesses is a book for small business owners. 
  • This book will provide you a better and more complete understanding of accounting for small business, and how you can determine best business decisions based on the financial health of your business.
  • Here are some of the topics about accounting that has been covered in this blog.
  • which method (Cash vs Accrual) is better for you and the whys.
  • Learn important financial statements.
  • what is Generally Accepted Accounting Principles (GAAP) and its assumptions?
  • what are the good accounting practices, tips and pieces of advice for business owners 
  • And many more.
  • The author of this book is Ryan Cannor.
  • This book is available on amazon.com.

13. Accounting handbook

Accounting handbook
  • The newly updated edition of this authoritative reference volume deserves a place in the library of every accountant, bookkeeper, accounting manager, CPA, CFO, controller, business manager, and business student. An opening overview of financial accounting describes financial statements and presents details on financial reporting requirements and compliance, and U.S. GAAP (Generally Accepted Accounting Principles) and IFRS (International Financial Reporting Standards). Chapters that follow cover cost management, as well as tax forms and their preparation.
  • An extensive A-to-Z dictionary of accounting terms presents short-entry definitions of everything from Abacus to Z Score. 
  • The author of this book is Shim PHD, Siegel PHD, Joel G, Dauber CPA, Nick, Qureshi PHD.
  • This book is available on amazon.com.

14. Cost accounting made simple

Cost accounting made simple
  • This book keeps things straight and simple with practical and simple examples.
  • It is a great book to start learning to account.
  • accounting principles are explained in simple and plain English in this book.
  • It explains all the basic concepts like fixed cost, variable cost, accounting equation, its significance, reading and preparing financial statements, concepts, and assumptions of generally accepted accounting principles(GAAP). 
  • This accounting textbook is a quick read for early beginners.
  • The author of this book is Mike Piper.
  • This book is available on amazon.com.

15. Accounting instruction reference #100

Accounting instruction reference #100
  • This book covers all the introductory accounting topics that you need as a foundation for developing and understanding most accounting concepts, basics, accounting objectives, and the accounting equation.
  • This book also provides interactive resources, links to instructional videos and other information, so that readers can experience the topics in various formats like by text or by video, and through interactive problems from outside resources.
  •  This book will also follow up with content available on our webpage as well as material on our YouTube site http://www.youtube.com/c/AccountingInstructionHelpHowToBobSteele. 
  • The author of this book is Robert Bob Stelee.
  • This book is available on amazon.com.

16. A picture book of nonprofit financial statements

A picture book of nonprofit financial statements
  • This is a simple visual guide to nonprofit financial statements. 
  • You do not need prior knowledge to read this book.
  •  It is a short and sweet way to learn about nonprofit statements. 
  • This book ‘a picture book of nonprofit financial statements’ will give everyone involved with nonprofit organizations enough financial understanding to review the financial statements and ask questions necessary to their duty to their organizations.
  • Accounting is just recording every event (transaction) that has a financial impact on the organization—money that comes in and the money that goes out. 
  • The author of this book is Thomas R. Itelson.
  • This book is available on amazon.com.

17. Financial accounting

Financial accounting
  • Every business owner and professional must know the concepts of financial accounting. This book is for those people who want to know something about the fundamentals of financial accounting.
  • This book offers you the basics of financial accounting and how to record your business transactions.
  • You will be provided with the ratios and other tools that can be used for performing your analysis of the income statement, balance sheet and statement of cash flows.
  • Here are just some of the topics that are discussed in this book: Accrual Accounting, Financial Accounting Basics, Use of Financial Statements, Recording Business Transactions, Stockholders’ Equity, Ratios and Other Tools for Analyzing, Income Statement, etc.
  • The author of this book is Greg Shields.
  • This book is available on amazon.com.

18. Accounting for inventory

Accounting for inventory
  • Accounting for inventory enhances the accountant’s ability to derive an accurate valuation, every time. 
  • It does so by delving into inventory counting systems, cost layering, standard costing and much more.
  • This book is a vital tool for dealing with one of the largest and most complex assets on the balance sheet.
  • The author of this book is Steven M. Bragg.
  • This book is available on amazon.com.

19. Bookkeeping basics for entrepreneurs

Bookkeeping basics for entrepreneurs
  • If you are worried about financial stuff and it is interfering with your productivity, then this book is for you.
  • This book will guide you on what is bookkeeping, why is it important for your business, how to know your business is doing well financially, what financial reports, tell you, how to select the right accounting software for your needs, etc.
  • The author of this book is Jessica Fox.
  • This book is available on amazon.com.

20. Financial management

Financial management
  • This book explains finance accounting in simple words with plenty of real-life examples that make it easy to see how to apply the concepts in practice.
  • This book also focuses on explaining what the financial figures mean, and how to estimate the message they are sending, rather than on how to construct a balance sheet or do an audit.  
  • Here are some of the topics that are discussed in this book: What Is Financial Management and Why Do You Need It, Financial Statements, Looking At Cash Flow, Forecasting, Budgeting, and Flex, etc.
  • The author of this book is Greg Shields.
  • You can buy this book from amazon.com.

No matter where you are, you are a student or a professional if you want to learn to account the basics of accounting and the concepts remain the same.

There may be variations in the applicability of certain laws and concepts.

But the foundation, the accounting equation, debits, and credits are the same everywhere.

If your interest is in accounting, you can set aside 30 minutes to an hour each day and read the accounting books.

We have shortlisted 20 best books of accounting for as well as for beginners. Just go through the list and select the best one for you according to your requirements. We recommend you to start with ‘bookkeeping and accounting’. 

Leave a Comment