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Get up to speed quickly—review and practice major concepts in accounting!
Whether you're looking to improve your classroom experience, or simply become more familiar with accounting concepts, 1,001 Accounting Practice Problems For Dummies is the hands-on tool you need to get a step ahead. The book's practice questions and review content go hand-in-hand with the content offered in Accounting For Dummies, ensuring that you have a working knowledge of the most important concepts and skills in accounting.
This practical resource gives you access to tons of helpful online content, including practice problems in multiple-choice format, and customizable practice sets for self-directed study, all available on the go through your smartphone, laptop, or tablet. Practice problems are categorized as easy, medium, or hard, so you can build your knowledge at your own pace. A perfect companion for anyone looking to increase their accounting skills, this book has the added benefit of offering review and practice useful for individuals looking to pass their accounting courses and lay the groundwork for an accounting career.
- Filled with practice questions, review content, tips, and explanations for anyone interested in accounting principles
- Includes tons of online practice content, such as multiple choice questions and customizable practice sets, all available with purchase of the book
- Ideal for individuals looking to pass an accounting class or start a career in accounting
- Serves as an excellent companion resource to Accounting For Dummies
Packed with endless practice opportunities, 1,001 Accounting Practice Problems For Dummies has everything you need to jumpstart your journey into accounting and financial documentation.
- Sales Rank: #68606 in Books
- Published on: 2015-04-13
- Original language: English
- Number of items: 1
- Dimensions: 10.02" h x .75" w x 8.00" l, .0 pounds
- Binding: Paperback
- 384 pages
From the Back Cover
Features:
- 1,001 accounting practice problems
- Detailed, step-by-step answers and explanations for every problem
- Problems on a wide range of accounting topics, including the bookkeeping cycle, understanding and reporting profit, the elements of accounting, choosing accounting methods, and more
1,001 questions with step-by-step solutions
Whether you're looking to improve your classroom experience or jumpstart a career in accounting, this hands-on resource has everything you need to get ahead. Tips are provided to help you approach the problems, and the back of the book includes detailed, step-by-step answer explanations. You'll find all the practice you need to succeed in accounting.
- It's elementary — brush up on the elements of accounting, the financial effects of transactions, and the bookkeeping cycle
- Find your balance — test your knowledge of understanding and reporting profit, reporting financial conditions in the balance sheet, and coupling the income statement and balance sheet
- Show me the money — have a go at reporting cash flows and changes in owners' equity
- There's a method for that — make sense of the madness with accounting methods, profit behavior analysis, and investment analysis fundamentals
Open the book and find:
- 1,001 practice problems to help you perfect accounting concepts
- Correct answers and full explanations for every problem
- Problems organized by topic for easy navigation and focused study
- Tips and advice for where you can go for additional help and review
About the Author
Kenneth Boyd is the owner of St. Louis Test Preparation (www.stltest.net). He provides online tutoring in accounting and finance. Kenneth has worked as a CPA, Auditor, Tax Preparer, and College Professor. He is the author of CPA Exam For Dummies. Kate Mooney has been teaching accounting to both undergraduates and MBA students at St. Cloud State University since 1986, after earning her PhD from Texas A & M University. She is a licensed CPA in Minnesota and is a member of the State Board of Accountancy.
Most helpful customer reviews
4 of 4 people found the following review helpful.
This is not an accounting course – it is a 362 page “quiz book”
By Steve Ramm
While I usually review CDs and DVDs as well as entertainment related books here on Amazon, in my major occupation, I am a CPA with over 40 years of experience so I feel qualified to provide an accurate review of this book, which as offered to me by Amazon as part of their Vine Reviewer program.
This is one in the series of “For Dummies” books now published by Wiley. The “Dummies” series goes back to 1991 when Dan Gookin wrote “DOS for Dummies”. To date over 1700 (!) “Dummies” titles have been published. The topics range from the sublime to the ridiculous. Most of the titles share a format in common. Chapters begin with a related cartoon; There are “remember” and “tip” icons and all see to run about 300 pages. In a series this large, some are too simple and some too complicated.
This volume is different. There are no cartoons, no “tips” and no “remember” sections. The first half (178 pages) consists of “questions” (some with single word answers, some multiple choice, and some which require calculation. In a few cases the author gives you basic assumptions and then asks you to calculate the answer. The answers (with a 1-2 sentence explanation) fill the second half of the book. I guess you could jump from the front to the back as you go through the questions (which are grouped by sun topics) or you could write in the answers in the small blank spaces that separate the questions, and then “grade” yourself.
This is really a review quiz and you should know that going in. This will not teach you “Accounting”; there are other “For Dummies” books that do that and I’ve reviewed many of them on Amazon.
One odd thing I noticed was “Authors’ Names” on the front cover. Kenneth Boyd is owner of a Test Prep company and he is listed first. Then (below his name) is that of Kate Mooney. When you open the book you will see only Mooney’s name on the title page. And, in the back – under “About the Author” – it only gives Mooney’s credentials (she heads the Accounting Dept at St. Cloud State University in Minnesota.
So if you are taking accounting courses, or have been out of the accounting field for a number of years and want to “brush up” on your knowledge, you might gain something from this book. Otherwise I can’t really recommend it.
Steve Ramm
Steven Ramm CPA
3 of 3 people found the following review helpful.
Great--for the Right Person
By Inna Tysoe
I got this book for two reasons: in my new job I need to know a wider range of accounting principles than at my old one and I am planning to go to graduate school and one of the courses I am likely to take will entail accounting. So this seemed like it might be a useful book. It was. It’s not, however, a book for the novice so much in that it doesn’t really go into the details of why things work the way they do; you need to have some idea of what those are already before picking up this book. Having said that, this is the perfect book for someone (like me) who is a bit rusty on her accounting principles. Because this book can (and to my way of thinking should) be used as both a review and then as a practice book. Basically, you can go through this book twice. The first time, by reading the questions and then then answers which are explained and the second time by actually doing the problems. On your first go, you might (if you’re quite rusty) create some flash cards for yourself with the concepts that you are either quite rusty or think you’ll quite useful. For me, for example, this seemed quite useful for a project I am currently working on “To apply the lower cost or market value when valuing inventory, the company must determine the market value, which is defined as the cost to buy the product from the usual suppliers at the period’s end, the replacement cost. Then, the company must value the inventory on the balance sheet at the lower of the cost or the market value.”
In short, this is a very useful book for someone who’s rusty in accounting and needs a refresher or who needs some supplementary accounting practice. I highly recommend it to those people.
1 of 1 people found the following review helpful.
An excellent refresher and supplement to instructional studies
By Michael Callaghan
This is really a very useful book - if you work as a bookkeeper, auditor, or CPA - heck, even if you are interested in a CFA - it's good to go back and see if you can understand fluidly the underlying concepts of financial accounting. Of course, there are many questions that are extremely simple. No question here is going to require any obscure or arcane fact, everything is based on real world business situations. The book is broken down by sections - "Concentrating on Sales", "Recording Transaction with Equity Sources of Capital" and "Building a Balance Sheet", for example. The answers to each question go into the 'why' as well as the 'what', which makes this such a good book (the answers make up more than half of the book's total volume).
This is not a stand alone work, meaning you have to know about accounting to use it - how debits and credit work, for example, or what a trial balance is - but with any good instructional book you will see immediate value here. I studied it side by side with Restaurant Financial Basics (I work in a nightclub) and the combination was excellent. My bosses and coworkers noticed immediately that I was improving, and the questions I was asking about the papers crossing my desk started actually opening dialogues rather than generating simple explanatory answers. I am also studying both accounting and advanced Excel techniques at Udemy to further monetize my skills.
Through all of it, I will continue using this book, and occasionally referring back and doing intermittent drills to push it all in. If you re studying accounting, this is a great supplement. If you're just interested, or want to learn more, you are best served by a text that functions more as a tutorial. But if you go that route, get a copy of this as well to reinforce your studies. Other than job security, it really is genuinely interesting to see the underbelly of business, and to really see how it all works, which is something you can only get with a firm knowledge of accounting and financial reporting - forensics of every problem and inefficiency with solutions behind every business entity. It can be fun!
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