Financial Accounting is generally thought of as a very precise science. This 126 page book seeks to dispel the myth. In his own words, author Michael Sack Elmaleh has managed to erase the ill effects of nearly 30 years of formal accounting education and teaching. Michael has written an engaging and thoroughly readable overview of the the accounting process so that you can actually understand it! The book is written primarily for small business owners and advisors to small business. He demonstrates how accounting information is organized and collected, and how the information contained in financial statements both informs and misinforms statement users. Since important management and investment decisions are often based on these statements its vital that small business owners gain a better understanding of what this information means and its inherent limitations.

"This is a wonderful little book; it is light, funny and very instructive. I especially like the first and last chapter, and the sections within the chapters on how the books are cooked."
Patricia Arnold, Associate Professor of Accounting, University of Wisconsin, Madison, WI

Here is what other readers have said....

"A concise and readable introduction to financial accounting"

"Elmaleh brings life to a dry topic"

"The author brings a refreshing candor missing from traditional accounting texts: he is not afraid to speak about accounting's inherent limitations and weaknesses"

"This book does not bog down the reader in bookkeeping details. The author keeps the reader focussed on accounting's basic aims: measuring economic performance and condition"

"You would not expect to apply the adjectives 'irreverent', 'funny' or 'mischievous' to an accounting text but they can be applied to this one"