“I read to learn; I read more to learn more." Dr. Denver G. Pettigrew, PhD, CPA, MBA
“Collaborative Learning: Superior learners seek at least two to six additional sources of information.” Dr. Denver G. Pettigrew, PhD, CPA
"If you can read, write, use a simple calculator to add, subtract, multiply, and divide, you too can learn basic accounting and bookkeeping.” Dr. Denver G. Pettigrew, PhD, CPA, MBA
An exciting new approach learning introductory Bookkeeping and Accounting specially written for high-school seniors, new college students and new learners
The material in the book is based on a simple framework for teaching and learning accounting and bookkeeping using activities related to sections of a Simple Combined Chart of Accounting and Trial Balance shown throughout the book. Beginners are overwhelmed at the number of concepts and theories contained in the chapters in regular accounting textbooks and lose sight of the main purpose of each chapter. The first section in each chapter begins with What is the purpose of this chapter? so readers can see its main purpose.
Accountants and bookkeepers use a step-by-step set of activities to record, update, and report on the financial transactions of an organization maintained in three main sets of financial records: (1) Journals (JEs), to initially record financial or economic business transactions; (2) General Ledger accounts (GL), to post the journal entries to the appropriate accounts; and (3) Financial statements including the balance sheet, income statement, statement of retained earnings, statement of changes in the owners’ equity account, and statement of cash flows, to summarize the GL account balances and report on the operations and financial health of the organization. The terms firm, company, and organization is used interchangeably throughout the book.
As the famous far-eastern saying goes “a picture is worth ten thousand words,” I have used many examples, diagrams, and figures to demonstrate simple accounting and bookkeeping concepts and practices used in the accounting and bookkeeping profession in the real world (Barnard, 1927).
An easy step-by-step guide filled with examples ideal for beginners, including high-school seniors, new college students and other learners. Illustrations including:
- The Chart of Accounts; General Journals; Special Journals; General Ledger Accounts; Trial Balance
- Income Statement; Statement of Retained Earnings; Balance Sheet; Statement of Changes in Owner's Equity
- Payroll & Payroll Accounting, including publicly available IRS payroll forms from IRS.gov website
- Cash Flows Statements; Bank Reconciliation; Financial Ratios and Trend Analyses
- Can be used as a supplemental resource to introductory college accounting textbooks
Accounting 101: Easy Accounting and Bookkeeping for Beginners and The Zen of Bookkeeping and Accounting: Basic Accounting For Pre-College and New Learners are published on Amazon.comCopyright © 2017, 2018 Denver G. Pettigrew, Ph.D., CPA, MBA
All rights reserved. Parts of this book may not be reproduced in any form without the written permission from the author with the exceptions of the following quotations: “If you can read, write, use a simple calculator to add, subtract, multiply, and divide, you too, can learn basic accounting and bookkeeping;” “I read to learn; I read more to learn more;” and “Collaborative Learning: Superior learners seek at least two to six additional sources of information.”
Sections of information in this book were previously written and published in The Zen of Bookkeeping and Accounting: Basic Accounting for Pre-College and New Learners by the author. Continued below....