This book is designed for you, the normal person who took an accounting class and has a vague recollection of what you learned. You are presented with a question on a subsequent exam or are suddenly thrust into a job where you have to do some accounting, and you get that panic attack. We have all been there-thus, the purpose of this book.
In my accounting practice, as well as a professor, I consistently notice that people just don't remember basic accounting concepts. In many cases they had a great teacher, but it has been a while and they have forgotten a lot of what they learned. Looking up the concept on the internet, while initially a good idea and may answer the immediate question, does not help you remember the concept for next time. Going back to your college textbook may work, but those books are not written in plain English, and many times they confuse more than they help. Of course, asking a fellow student or coworker may do the trick, but you need more than just a quick answer-you need to review the basics.
The title of this book, Everything You Forgot in Accounting 1: A Quick Guide, tells it all. In these pages, you will find a description of many concepts you are familiar with but honestly don't recall. The book is written in simple English, with as little accounting jargon as possible; in other words, it will help you easily recall and retain the information. There are no questions or exercises, just information and examples to get you up to speed quickly.
Since this is a reference book, don't feel like you have to start with page 1 and read the book cover to cover. Glance at the table of contents or the index to discover what you are looking for and go straight there. Of course, you may want to review other areas, but don't feel like you have to read the entire book in order to get the most out of it.
Finally, and most importantly, this book is not a substitute for a financial accounting class, where you will learn these concepts and a lot more. In order to really learn accounting, you must practice, so don't think you can master the subject by just reading this or any other book.
If you want an easy-to-follow reference, you have found the right source.
