As a newbie in Financial accounting or anyone who wants to uplift their career in Financial accounting these 15 Best Financial Accounting books for professionals are an ultimate tool for enhancing your knowledge and succeeding in your chosen finance career.
A career in Financial Accounting has become one of the sought-after careers and it is expected to grow at a rate of 5% by 2029 as per India Accounting Professional Services Market Analysis. Also, the service offered by the Financial accounting profession has changed drastically since the last few years offering service that ranges from Senior bookkeeper to Chief Finance Officer at a big firm. And as far as salary is concerned an entry-level accountant can earn around ₹8-10 lakhs per annum, while experienced professionals with over 10 years of experience can make exceeding ₹20 lakhs per annum and average of ₹10-15 lakhs per annum.
Here are the 15 Best Financial Accounting books for Professionals
1. ACCA Financial Accounting Study Text Book- Henry Harvin
This Accounting Book is all about fundamentals and basic concepts of financial accounting, Financial Accounting methods, and preparation of Balance sheets, Income statements, and Cash – flow statements. After reading this book you will build competency in the application of double accounting techniques and analysis and preparation of basic Financial Statements for sole traders, partnerships, companies, and simple groups of companies.
2. Principles of Accounting by Belverd E. Needles, Marian Powers, and Susan V. Crosson
For finding more detailed information this book would be handy for anybody who investigates accounting and needs to start with the fundamental knowledge. That is simple to explain ranging from elementary to the advanced level. You will be introduced to financial statements, cash flow, and so on. Aluede and Lawal: Accounting and Finance is a book to be read by anyone who wants to be serious about accomplishment
3. Accounting Made Simple by Mike Piper.
Explicit in this book’s title is the notion that it provides an easy way of learning accounting. Some of the areas that the course encompasses are the accounting equation, journal entry-making, and preparation of the financial statements. It is brief and good to bring you up to speed if you are new to skin picking.
4. Financial Accounting books: Clyde P. Stickney & Roman L.
T
his book is slightly more elaborate and perfect for practitioners. It contains many important topics and gives real examples of the discussed issues. This, in turn, will help you understand the topics on financial reporting, analysis and many others. It is a good book if you wish to go further in understanding financial accounting.
5. Kenneth W. Boyd Financial Accounting books All-in-One For Dummies
This book is a survey in the best sense of the term: it encompasses a lot of material. It draws a scenario, which resembles a shop where one can obtain almost all the knowledge in the field of accounting. Some of the areas of concern covered for instance incorporate financial accounting, managerial accounting as well as some aspects of taxation. It is a quite detailed guide but at the same time, it is extremely easy to follow.
6. Intermediate Accounting by Donald E. Kieso, Jerry J. Weygandt, and Terry D. Warfield.
This book is meant for readers who have basic knowledge of Financial Accounting. It is more elaborate and deals with additional concepts the basic and the advanced. Under this topic, you will discover such things as financial statements, and when it is appropriate to recognize revenue. It can be said that the book is rather helpful if you want to progress as an accountant.
7. Financial Statement Analysis and Security Valuation By Stephen H. Penman
This book is for those people intending to gain a good understanding of financial statement analysis. CIY shows the student how to read and analyse financial statements. Of importance, you will also discover how to value a company’s stock so that you can make better investment decisions.
8. Advanced Accounting by Floyd A. Beams, Joseph H. Anthony, Bruce Bettinghaus, and Kenneth Smith
This book is for those who want to learn advanced accounting topics. It covers things like consolidations, foreign currency transactions, and more. It’s a bit more challenging, but very useful for professionals.
9. Accounting for Non-Accountants by Wayne Label
One would greatly benefit from reading this book if they do not have a background in accounting but require knowledge of accounting services. It is quite a basic course and is written quite plainly so even if you have never done any chemical synthesis before the book should give you a fairly good grounding. There will be lessons on Financial Statements, budgeting, and among others. Any aspiring scholar will find it easy to read and accessible.
10. Introduction to Accounting and Finance by Geoff Black
In my view, this book is suitable and useful informative material for those who are new to the sphere of accounting and finance. It states and dissociates the essentials which make me comprehend relationships between the two disciplines. You will be engaged with such areas as financial statements, budgeting, and financial analysis.
11. Financial Accounting books by Walter T. Harrison Jr
This book incorporates each of the following fundamentals of financial accounting. They are common examples and exercises that one can encounter out there. This I can say is a good book for learning the French language for beginners and intermediate learners.
12. Essentials of Financial Accounting books in Business by Colston West
It will be greatly suitable for business people. It is one of the best fundamental texts on accounting and it is very applied. You will discover what a financial statement is, what cash flow means and much more. In terms of the financial aspect, which is so important in business, it is a rather useful book.
13. Accounting Principles by Jerry J. Weygandt
Accounting basics are aimed at, and this book is a source of information on the matter. It is explicit it has lots of examples. The lessons will be directed toward such topics as financial statements, an accounting cycle and so on. The book would perfectly fit as a text for creating a fundamental understanding of accounting.
14. Cost Accounting by Charles T. Horngren
Compared to the previous book this one is even more specialized in cost accounting which is in its turn the subfield of financial accounting. It has areas such as cost behavior, and cost-volume-profit analysis and this course affirms it by covering areas such as budgeting. In other words, it is among those books that anyone who is a manager or a professional would find helpful.
15. Accounting and Finance for Non-Specialists by Eddie McLaney
It is simple, clear, and contains information on the most fundamental aspects that need to be met. You will discover more about balance sheets, income statements, operating statements, and other areas of financials.
Henry Harvin’s Financial Accounting courses-
Selecting Henry Harvin’s Post Graduate Program in Accounting and Taxation can prove to be a wise decision for those students who have dreams to set their career in Financial Accounting and Taxation. This course has a sound curriculum, practical learning mechanisms, faculty from the industry, and a solid career support system which makes it a perfect ground for fresh graduates as well as working professionals who wish to enhance their respective careers.
Conclusion-
Financial Accounting books can offer you the best and the most trusted source to learn from the best authors, researchers, and teachers. That helps you to save time and money in finding the right information and the studies done over the past many years for students and the working professions.
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Top 15 Financial Analysis Books: 2024
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FAQs
1) Describe financial accounting.
Financial accounting is all about preparing and presenting financial statements following the generally accepted accounting standards and accounting practices understood by outsiders like investors, creditors and other official bodies.
2) What is the career of a financial accountant
A financial accountant is responsible for producing general financial statements, adhering to the generally accepted accounting principles, and audits, and polished and designed financial analysis.
3) How can I become a financial accountant?
Common qualifications to get a job include the possession of a bachelor’s degree in accounting or any other related field. Many positions also must have been certified like a CPA (Certified Public Accountant).
4) What are the key competencies of the financial accountants?
Good listening skills, problem-solving skills, working with accounting applications, numeracy skills, and a general understanding of accounting requirements and procedures.
5)What are the prospects for employment in the financial division of accountants
This is most likely to be a high demand for the services of a financial accountant soon as the achievement of the jobs of employment in this field enlargement by 7% in the period from 2020 to 2030 according to the Bureau of Labor Statistics.
