Standard text book that has stood the test of time , 16 Nov 2008
This is a thorough introduction to accounting and this and the second volume have been standard textbooks for as long as I can remember. I used the earlier editions more than 25 years for my examinations.

A GODSEND!! Recommended!!!, 14 Apr 2005
I have just begun my first year studying Accounting and Finance at university and have found the subject of Financial Accounting extremely difficult. Thanks to this book I am finding my own learning and revision periods are much easier and I am now understanding concepts which I hadnt a clue about in lectures! Thank you to the authors! One tiny issue with the book is that sometimes the double entry questions and examples used are not complex enough for what is needed at my level. Apart from that I recommend this book highly!

GREAT BOOK!!!!, 01 Dec 2002
I have just started studying account this year. I was really, really scared about how the subject was going to be. As it was, I found the subject really hard, but on top of that our teacher was really bad as well! But thank God, that our school had prescribed this book for the Year 10s! It has really helped. This book contains detailed explanations, plus multiple choice questions and loads of activities review questions. The answers of activities are written at the end of each chapter respectively.

Also, answers of alternative review questions are written at the back of the book. For me, one termed has passed, and I have studied wholly out of the book, and scored high marks! Three cheers for Frnk Wood and Alan Spanster!!!

Standard text book that has stood the test of time , 16 Nov 2008
This is a thorough introduction to accounting and this and the second volume have been standard textbooks for as long as I can remember. I used the earlier editions more than 25 years for my examinations.

A GODSEND!! Recommended!!!, 14 Apr 2005
I have just begun my first year studying Accounting and Finance at university and have found the subject of Financial Accounting extremely difficult. Thanks to this book I am finding my own learning and revision periods are much easier and I am now understanding concepts which I hadnt a clue about in lectures! Thank you to the authors! One tiny issue with the book is that sometimes the double entry questions and examples used are not complex enough for what is needed at my level. Apart from that I recommend this book highly!

GREAT BOOK!!!!, 01 Dec 2002
I have just started studying account this year. I was really, really scared about how the subject was going to be. As it was, I found the subject really hard, but on top of that our teacher was really bad as well! But thank God, that our school had prescribed this book for the Year 10s! It has really helped. This book contains detailed explanations, plus multiple choice questions and loads of activities review questions. The answers of activities are written at the end of each chapter respectively.

Also, answers of alternative review questions are written at the back of the book. For me, one termed has passed, and I have studied wholly out of the book, and scored high marks! Three cheers for Frnk Wood and Alan Spanster!!!

If you are implementing a KPI based reporting system buy this book, 06 Aug 2007
I read this book in order to get up to speed on KPI based reporting systems prior to implementing one. There are excellent suggestions and guidlines that steer you in the right direction. The authors writing style is excellent.

A Masterpiece, 21 Jun 2007
Getting your performance measures right is vitally important to the
performance of your organisation and will mean the difference between
success and failure. All too often I see organisations drown in a sea of
useless measures (analysis paralysis) with no clear focus. Other
organisations see measures as something only the bean counters should do.

Providing a complete A-Z cookbook, this book sets the standard for any
organisation developing their performance measures and will soon be
recognised as the definitive work on this subject.

For anyone wanting to develop a new set of measures or simply overhaul the
existing set this book really is a must-read. If you only ever buy one book on performance measures - buy this one.

Standard text book that has stood the test of time , 16 Nov 2008
This is a thorough introduction to accounting and this and the second volume have been standard textbooks for as long as I can remember. I used the earlier editions more than 25 years for my examinations.

A GODSEND!! Recommended!!!, 14 Apr 2005
I have just begun my first year studying Accounting and Finance at university and have found the subject of Financial Accounting extremely difficult. Thanks to this book I am finding my own learning and revision periods are much easier and I am now understanding concepts which I hadnt a clue about in lectures! Thank you to the authors! One tiny issue with the book is that sometimes the double entry questions and examples used are not complex enough for what is needed at my level. Apart from that I recommend this book highly!

GREAT BOOK!!!!, 01 Dec 2002
I have just started studying account this year. I was really, really scared about how the subject was going to be. As it was, I found the subject really hard, but on top of that our teacher was really bad as well! But thank God, that our school had prescribed this book for the Year 10s! It has really helped. This book contains detailed explanations, plus multiple choice questions and loads of activities review questions. The answers of activities are written at the end of each chapter respectively.

Also, answers of alternative review questions are written at the back of the book. For me, one termed has passed, and I have studied wholly out of the book, and scored high marks! Three cheers for Frnk Wood and Alan Spanster!!!

If you are implementing a KPI based reporting system buy this book, 06 Aug 2007
I read this book in order to get up to speed on KPI based reporting systems prior to implementing one. There are excellent suggestions and guidlines that steer you in the right direction. The authors writing style is excellent.

A Masterpiece, 21 Jun 2007
Getting your performance measures right is vitally important to the
performance of your organisation and will mean the difference between
success and failure. All too often I see organisations drown in a sea of
useless measures (analysis paralysis) with no clear focus. Other
organisations see measures as something only the bean counters should do.

Providing a complete A-Z cookbook, this book sets the standard for any
organisation developing their performance measures and will soon be
recognised as the definitive work on this subject.

For anyone wanting to develop a new set of measures or simply overhaul the
existing set this book really is a must-read. If you only ever buy one book on performance measures - buy this one.

Great for beginniers, 21 Nov 2008
Definitely recommend buying this book. I bought it recently for my Business course because my Accounting teacher recommend that we all buy it and she was RIGHT! Very straight forward, and easy to follow especially for someone who doesn't really know accounting very well but want to read a book that wouldnt give you strong accounting words.

A MUST for Business student who are doing Accountings as one of thier modules.

Great for a new accounting student., 08 May 2007
I purchased this book on the recommendation of a co-worker (fully qualified accountant) who used the third edition while at uni. She was spot on when she told me that it is a great help to those students who come from a non-accounting background. (i.e. no A levels in accounting).

The layout is easy to follow, great self tests along the way, case studies, real world relevent news articles and even an online site with further tests.



Brilliant from a Student at University, 13 Feb 2004
This book is easy to read yet engages the reader in financial accounting. This provides all essential information without overload and gives a firm understanding and grasp of all concepts. the book is colourful and easy to read.

simple, but often insufficient, 30 Apr 2003
The book has been chosen to be our coursebook and was a great help when I did the very basics of accounting. When it came to the second year however, the number of examples was insufficient to help students understand the topics. The explanations are good but sometimes too long. It's a good book to use as a core text but not enough to understand topics well.

simple, but often insufficient, 30 Apr 2003
The book has been chosen to be our coursebook and was a great help when I did the very basics of accounting. When it came to the second year however, the number of examples was insufficient to help students understand the topics. The explanations are good but sometimes too long. It's a good book to use as a core text but not enough to understand topics well.

Standard text book that has stood the test of time , 16 Nov 2008
This is a thorough introduction to accounting and this and the second volume have been standard textbooks for as long as I can remember. I used the earlier editions more than 25 years for my examinations.

A GODSEND!! Recommended!!!, 14 Apr 2005
I have just begun my first year studying Accounting and Finance at university and have found the subject of Financial Accounting extremely difficult. Thanks to this book I am finding my own learning and revision periods are much easier and I am now understanding concepts which I hadnt a clue about in lectures! Thank you to the authors! One tiny issue with the book is that sometimes the double entry questions and examples used are not complex enough for what is needed at my level. Apart from that I recommend this book highly!

GREAT BOOK!!!!, 01 Dec 2002
I have just started studying account this year. I was really, really scared about how the subject was going to be. As it was, I found the subject really hard, but on top of that our teacher was really bad as well! But thank God, that our school had prescribed this book for the Year 10s! It has really helped. This book contains detailed explanations, plus multiple choice questions and loads of activities review questions. The answers of activities are written at the end of each chapter respectively.

Also, answers of alternative review questions are written at the back of the book. For me, one termed has passed, and I have studied wholly out of the book, and scored high marks! Three cheers for Frnk Wood and Alan Spanster!!!

If you are implementing a KPI based reporting system buy this book, 06 Aug 2007
I read this book in order to get up to speed on KPI based reporting systems prior to implementing one. There are excellent suggestions and guidlines that steer you in the right direction. The authors writing style is excellent.

A Masterpiece, 21 Jun 2007
Getting your performance measures right is vitally important to the
performance of your organisation and will mean the difference between
success and failure. All too often I see organisations drown in a sea of
useless measures (analysis paralysis) with no clear focus. Other
organisations see measures as something only the bean counters should do.

Providing a complete A-Z cookbook, this book sets the standard for any
organisation developing their performance measures and will soon be
recognised as the definitive work on this subject.

For anyone wanting to develop a new set of measures or simply overhaul the
existing set this book really is a must-read. If you only ever buy one book on performance measures - buy this one.

Great for beginniers, 21 Nov 2008
Definitely recommend buying this book. I bought it recently for my Business course because my Accounting teacher recommend that we all buy it and she was RIGHT! Very straight forward, and easy to follow especially for someone who doesn't really know accounting very well but want to read a book that wouldnt give you strong accounting words.

A MUST for Business student who are doing Accountings as one of thier modules.

Great for a new accounting student., 08 May 2007
I purchased this book on the recommendation of a co-worker (fully qualified accountant) who used the third edition while at uni. She was spot on when she told me that it is a great help to those students who come from a non-accounting background. (i.e. no A levels in accounting).

The layout is easy to follow, great self tests along the way, case studies, real world relevent news articles and even an online site with further tests.



Brilliant from a Student at University, 13 Feb 2004
This book is easy to read yet engages the reader in financial accounting. This provides all essential information without overload and gives a firm understanding and grasp of all concepts. the book is colourful and easy to read.

simple, but often insufficient, 30 Apr 2003
The book has been chosen to be our coursebook and was a great help when I did the very basics of accounting. When it came to the second year however, the number of examples was insufficient to help students understand the topics. The explanations are good but sometimes too long. It's a good book to use as a core text but not enough to understand topics well.

simple, but often insufficient, 30 Apr 2003
The book has been chosen to be our coursebook and was a great help when I did the very basics of accounting. When it came to the second year however, the number of examples was insufficient to help students understand the topics. The explanations are good but sometimes too long. It's a good book to use as a core text but not enough to understand topics well.

Very Good, 03 Feb 2008
I disagree with the other reviews. It's title says it all. The book covered a four week segment of an on-line course I am doing. To me it covers all of the areas in an informative and understandable way. It is not intended to be a bookeepers bible therefore does not go into detail of "T" accounts. Combined with good teaching, research and discussion it will certainly enable non-accountants to get a grasp of the subjects of accounting and finance.

Brilliant for the purpose, 16 Sep 2007
Ignore everything everyone else has said about this book. The title says that the target audience are non-specialists and as a non-specialist this book gave me a fantastic introduction to accounting and finance. The authors live up perfectly to their task and give enough detail for a beginner like me to get a good grounding in accounting and finance. Their writing style is uncomplicated (very easy to follow). At the end of each section I felt that I have gained in understanding the subject. Other books which I will acquire afterwards will give more detail and be more in-depth. This book can be judged by its cover and I recommend it highly to non-specialists, especially beginners.

Poor Attempt, 23 May 2005
Would not recommend this book to non-specialists looking for an overview of Accounting & Finance. It is a tedious read and the examples are unclear, split across pages and jump from one stage to the next without proper explanation. Not a very helpful book at all.

Only the very basics, 03 Mar 2004
Having recently completed a six month accountancy course, with this book as the primary text I can only recommend it to those with no prior grounding in the subject and studying at a very basic level.

It provides the very basics required to compile cash flows, profit and loss accounts and vertical balance sheets but is not sufficiently in depth to be of major use in the analysis of real world company financial statements or indeed to create ones own.

It would benefit greatly by expanding into the use of T-accounts, double entries and more thorough consideration of the horizontal balance sheet method.

That said it is saved from being a two star book by merit of a good chapter on the basics of investment appraisal and some excellent worked examples.

Overall rather dry and recommended only to those with no prior experience.

Not the most entertaining text-book...., 16 Feb 2000
This book is a good text book for the student who is new to Financial systems. As a non-specialist, I need all the help I can get! However, this book is a little dry and some of the explanations are not clear. Good for the basics, but very boring.

Standard text book that has stood the test of time , 16 Nov 2008
This is a thorough introduction to accounting and this and the second volume have been standard textbooks for as long as I can remember. I used the earlier editions more than 25 years for my examinations.

A GODSEND!! Recommended!!!, 14 Apr 2005
I have just begun my first year studying Accounting and Finance at university and have found the subject of Financial Accounting extremely difficult. Thanks to this book I am finding my own learning and revision periods are much easier and I am now understanding concepts which I hadnt a clue about in lectures! Thank you to the authors! One tiny issue with the book is that sometimes the double entry questions and examples used are not complex enough for what is needed at my level. Apart from that I recommend this book highly!

GREAT BOOK!!!!, 01 Dec 2002
I have just started studying account this year. I was really, really scared about how the subject was going to be. As it was, I found the subject really hard, but on top of that our teacher was really bad as well! But thank God, that our school had prescribed this book for the Year 10s! It has really helped. This book contains detailed explanations, plus multiple choice questions and loads of activities review questions. The answers of activities are written at the end of each chapter respectively.

Also, answers of alternative review questions are written at the back of the book. For me, one termed has passed, and I have studied wholly out of the book, and scored high marks! Three cheers for Frnk Wood and Alan Spanster!!!

If you are implementing a KPI based reporting system buy this book, 06 Aug 2007
I read this book in order to get up to speed on KPI based reporting systems prior to implementing one. There are excellent suggestions and guidlines that steer you in the right direction. The authors writing style is excellent.

A Masterpiece, 21 Jun 2007
Getting your performance measures right is vitally important to the
performance of your organisation and will mean the difference between
success and failure. All too often I see organisations drown in a sea of
useless measures (analysis paralysis) with no clear focus. Other
organisations see measures as something only the bean counters should do.

Providing a complete A-Z cookbook, this book sets the standard for any
organisation developing their performance measures and will soon be
recognised as the definitive work on this subject.

For anyone wanting to develop a new set of measures or simply overhaul the
existing set this book really is a must-read. If you only ever buy one book on performance measures - buy this one.

Great for beginniers, 21 Nov 2008
Definitely recommend buying this book. I bought it recently for my Business course because my Accounting teacher recommend that we all buy it and she was RIGHT! Very straight forward, and easy to follow especially for someone who doesn't really know accounting very well but want to read a book that wouldnt give you strong accounting words.

A MUST for Business student who are doing Accountings as one of thier modules.

Great for a new accounting student., 08 May 2007
I purchased this book on the recommendation of a co-worker (fully qualified accountant) who used the third edition while at uni. She was spot on when she told me that it is a great help to those students who come from a non-accounting background. (i.e. no A levels in accounting).

The layout is easy to follow, great self tests along the way, case studies, real world relevent news articles and even an online site with further tests.



Brilliant from a Student at University, 13 Feb 2004
This book is easy to read yet engages the reader in financial accounting. This provides all essential information without overload and gives a firm understanding and grasp of all concepts. the book is colourful and easy to read.

simple, but often insufficient, 30 Apr 2003
The book has been chosen to be our coursebook and was a great help when I did the very basics of accounting. When it came to the second year however, the number of examples was insufficient to help students understand the topics. The explanations are good but sometimes too long. It's a good book to use as a core text but not enough to understand topics well.

simple, but often insufficient, 30 Apr 2003
The book has been chosen to be our coursebook and was a great help when I did the very basics of accounting. When it came to the second year however, the number of examples was insufficient to help students understand the topics. The explanations are good but sometimes too long. It's a good book to use as a core text but not enough to understand topics well.

Very Good, 03 Feb 2008
I disagree with the other reviews. It's title says it all. The book covered a four week segment of an on-line course I am doing. To me it covers all of the areas in an informative and understandable way. It is not intended to be a bookeepers bible therefore does not go into detail of "T" accounts. Combined with good teaching, research and discussion it will certainly enable non-accountants to get a grasp of the subjects of accounting and finance.

Brilliant for the purpose, 16 Sep 2007
Ignore everything everyone else has said about this book. The title says that the target audience are non-specialists and as a non-specialist this book gave me a fantastic introduction to accounting and finance. The authors live up perfectly to their task and give enough detail for a beginner like me to get a good grounding in accounting and finance. Their writing style is uncomplicated (very easy to follow). At the end of each section I felt that I have gained in understanding the subject. Other books which I will acquire afterwards will give more detail and be more in-depth. This book can be judged by its cover and I recommend it highly to non-specialists, especially beginners.

Poor Attempt, 23 May 2005
Would not recommend this book to non-specialists looking for an overview of Accounting & Finance. It is a tedious read and the examples are unclear, split across pages and jump from one stage to the next without proper explanation. Not a very helpful book at all.

Only the very basics, 03 Mar 2004
Having recently completed a six month accountancy course, with this book as the primary text I can only recommend it to those with no prior grounding in the subject and studying at a very basic level.

It provides the very basics required to compile cash flows, profit and loss accounts and vertical balance sheets but is not sufficiently in depth to be of major use in the analysis of real world company financial statements or indeed to create ones own.

It would benefit greatly by expanding into the use of T-accounts, double entries and more thorough consideration of the horizontal balance sheet method.

That said it is saved from being a two star book by merit of a good chapter on the basics of investment appraisal and some excellent worked examples.

Overall rather dry and recommended only to those with no prior experience.

Not the most entertaining text-book...., 16 Feb 2000
This book is a good text book for the student who is new to Financial systems. As a non-specialist, I need all the help I can get! However, this book is a little dry and some of the explanations are not clear. Good for the basics, but very boring.

Excellent standard textbook , 16 Nov 2008
Frank Wood's Business Accounting volumes 1 and 2 have stood the test of time.

I used these books to help me with my early and intermediate examinations in financial accountancy more than 25 years ago.

Thorough and well explained with plenty of worked examples these textbooks have stood the test of time.

Standard text book that has stood the test of time , 16 Nov 2008
This is a thorough introduction to accounting and this and the second volume have been standard textbooks for as long as I can remember. I used the earlier editions more than 25 years for my examinations.

A GODSEND!! Recommended!!!, 14 Apr 2005
I have just begun my first year studying Accounting and Finance at university and have found the subject of Financial Accounting extremely difficult. Thanks to this book I am finding my own learning and revision periods are much easier and I am now understanding concepts which I hadnt a clue about in lectures! Thank you to the authors! One tiny issue with the book is that sometimes the double entry questions and examples used are not complex enough for what is needed at my level. Apart from that I recommend this book highly!

GREAT BOOK!!!!, 01 Dec 2002
I have just started studying account this year. I was really, really scared about how the subject was going to be. As it was, I found the subject really hard, but on top of that our teacher was really bad as well! But thank God, that our school had prescribed this book for the Year 10s! It has really helped. This book contains detailed explanations, plus multiple choice questions and loads of activities review questions. The answers of activities are written at the end of each chapter respectively.

Also, answers of alternative review questions are written at the back of the book. For me, one termed has passed, and I have studied wholly out of the book, and scored high marks! Three cheers for Frnk Wood and Alan Spanster!!!

If you are implementing a KPI based reporting system buy this book, 06 Aug 2007
I read this book in order to get up to speed on KPI based reporting systems prior to implementing one. There are excellent suggestions and guidlines that steer you in the right direction. The authors writing style is excellent.

A Masterpiece, 21 Jun 2007
Getting your performance measures right is vitally important to the
performance of your organisation and will mean the difference between
success and failure. All too often I see organisations drown in a sea of
useless measures (analysis paralysis) with no clear focus. Other
organisations see measures as something only the bean counters should do.

Providing a complete A-Z cookbook, this book sets the standard for any
organisation developing their performance measures and will soon be
recognised as the definitive work on this subject.

For anyone wanting to develop a new set of measures or simply overhaul the
existing set this book really is a must-read. If you only ever buy one book on performance measures - buy this one.

Great for beginniers, 21 Nov 2008
Definitely recommend buying this book. I bought it recently for my Business course because my Accounting teacher recommend that we all buy it and she was RIGHT! Very straight forward, and easy to follow especially for someone who doesn't really know accounting very well but want to read a book that wouldnt give you strong accounting words.

A MUST for Business student who are doing Accountings as one of thier modules.

Great for a new accounting student., 08 May 2007
I purchased this book on the recommendation of a co-worker (fully qualified accountant) who used the third edition while at uni. She was spot on when she told me that it is a great help to those students who come from a non-accounting background. (i.e. no A levels in accounting).

The layout is easy to follow, great self tests along the way, case studies, real world relevent news articles and even an online site with further tests.



Brilliant from a Student at University, 13 Feb 2004
This book is easy to read yet engages the reader in financial accounting. This provides all essential information without overload and gives a firm understanding and grasp of all concepts. the book is colourful and easy to read.

simple, but often insufficient, 30 Apr 2003
The book has been chosen to be our coursebook and was a great help when I did the very basics of accounting. When it came to the second year however, the number of examples was insufficient to help students understand the topics. The explanations are good but sometimes too long. It's a good book to use as a core text but not enough to understand topics well.

simple, but often insufficient, 30 Apr 2003
The book has been chosen to be our coursebook and was a great help when I did the very basics of accounting. When it came to the second year however, the number of examples was insufficient to help students understand the topics. The explanations are good but sometimes too long. It's a good book to use as a core text but not enough to understand topics well.

Very Good, 03 Feb 2008
I disagree with the other reviews. It's title says it all. The book covered a four week segment of an on-line course I am doing. To me it covers all of the areas in an informative and understandable way. It is not intended to be a bookeepers bible therefore does not go into detail of "T" accounts. Combined with good teaching, research and discussion it will certainly enable non-accountants to get a grasp of the subjects of accounting and finance.

Brilliant for the purpose, 16 Sep 2007
Ignore everything everyone else has said about this book. The title says that the target audience are non-specialists and as a non-specialist this book gave me a fantastic introduction to accounting and finance. The authors live up perfectly to their task and give enough detail for a beginner like me to get a good grounding in accounting and finance. Their writing style is uncomplicated (very easy to follow). At the end of each section I felt that I have gained in understanding the subject. Other books which I will acquire afterwards will give more detail and be more in-depth. This book can be judged by its cover and I recommend it highly to non-specialists, especially beginners.

Poor Attempt, 23 May 2005
Would not recommend this book to non-specialists looking for an overview of Accounting & Finance. It is a tedious read and the examples are unclear, split across pages and jump from one stage to the next without proper explanation. Not a very helpful book at all.

Only the very basics, 03 Mar 2004
Having recently completed a six month accountancy course, with this book as the primary text I can only recommend it to those with no prior grounding in the subject and studying at a very basic level.

It provides the very basics required to compile cash flows, profit and loss accounts and vertical balance sheets but is not sufficiently in depth to be of major use in the analysis of real world company financial statements or indeed to create ones own.

It would benefit greatly by expanding into the use of T-accounts, double entries and more thorough consideration of the horizontal balance sheet method.

That said it is saved from being a two star book by merit of a good chapter on the basics of investment appraisal and some excellent worked examples.

Overall rather dry and recommended only to those with no prior experience.

Not the most entertaining text-book...., 16 Feb 2000
This book is a good text book for the student who is new to Financial systems. As a non-specialist, I need all the help I can get! However, this book is a little dry and some of the explanations are not clear. Good for the basics, but very boring.

Excellent standard textbook , 16 Nov 2008
Frank Wood's Business Accounting volumes 1 and 2 have stood the test of time.

I used these books to help me with my early and intermediate examinations in financial accountancy more than 25 years ago.

Thorough and well explained with plenty of worked examples these textbooks have stood the test of time.

What a splendid resource, 11 May 2008
I use this book as a ready reference almost every week. Its content is broad and comprehensive and it's easy to access.
I'd recommend it to those new to the field as well as experienced practitioners.


Highly recommended, 20 Jul 2005
I used this book (and the previous edition) throughout both my MBA and PhD studies. The book is clearly written and very helpful in sorting through the maze of management literature. I would highly recommend this book for both undergraduate and graduate students of management.

Standard text book that has stood the test of time , 16 Nov 2008
This is a thorough introduction to accounting and this and the second volume have been standard textbooks for as long as I can remember. I used the earlier editions more than 25 years for my examinations.

A GODSEND!! Recommended!!!, 14 Apr 2005
I have just begun my first year studying Accounting and Finance at university and have found the subject of Financial Accounting extremely difficult. Thanks to this book I am finding my own learning and revision periods are much easier and I am now understanding concepts which I hadnt a clue about in lectures! Thank you to the authors! One tiny issue with the book is that sometimes the double entry questions and examples used are not complex enough for what is needed at my level. Apart from that I recommend this book highly!

GREAT BOOK!!!!, 01 Dec 2002
I have just started studying account this year. I was really, really scared about how the subject was going to be. As it was, I found the subject really hard, but on top of that our teacher was really bad as well! But thank God, that our school had prescribed this book for the Year 10s! It has really helped. This book contains detailed explanations, plus multiple choice questions and loads of activities review questions. The answers of activities are written at the end of each chapter respectively.

Also, answers of alternative review questions are written at the back of the book. For me, one termed has passed, and I have studied wholly out of the book, and scored high marks! Three cheers for Frnk Wood and Alan Spanster!!!

If you are implementing a KPI based reporting system buy this book, 06 Aug 2007
I read this book in order to get up to speed on KPI based reporting systems prior to implementing one. There are excellent suggestions and guidlines that steer you in the right direction. The authors writing style is excellent.

A Masterpiece, 21 Jun 2007
Getting your performance measures right is vitally important to the
performance of your organisation and will mean the difference between
success and failure. All too often I see organisations drown in a sea of
useless measures (analysis paralysis) with no clear focus. Other
organisations see measures as something only the bean counters should do.

Providing a complete A-Z cookbook, this book sets the standard for any
organisation developing their performance measures and will soon be
recognised as the definitive work on this subject.

For anyone wanting to develop a new set of measures or simply overhaul the
existing set this book really is a must-read. If you only ever buy one book on performance measures - buy this one.

Great for beginniers, 21 Nov 2008
Definitely recommend buying this book. I bought it recently for my Business course because my Accounting teacher recommend that we all buy it and she was RIGHT! Very straight forward, and easy to follow especially for someone who doesn't really know accounting very well but want to read a book that wouldnt give you strong accounting words.

A MUST for Business student who are doing Accountings as one of thier modules.

Great for a new accounting student., 08 May 2007
I purchased this book on the recommendation of a co-worker (fully qualified accountant) who used the third edition while at uni. She was spot on when she told me that it is a great help to those students who come from a non-accounting background. (i.e. no A levels in accounting).

The layout is easy to follow, great self tests along the way, case studies, real world relevent news articles and even an online site with further tests.



Brilliant from a Student at University, 13 Feb 2004
This book is easy to read yet engages the reader in financial accounting. This provides all essential information without overload and gives a firm understanding and grasp of all concepts. the book is colourful and easy to read.

simple, but often insufficient, 30 Apr 2003
The book has been chosen to be our coursebook and was a great help when I did the very basics of accounting. When it came to the second year however, the number of examples was insufficient to help students understand the topics. The explanations are good but sometimes too long. It's a good book to use as a core text but not enough to understand topics well.

simple, but often insufficient, 30 Apr 2003
The book has been chosen to be our coursebook and was a great help when I did the very basics of accounting. When it came to the second year however, the number of examples was insufficient to help students understand the topics. The explanations are good but sometimes too long. It's a good book to use as a core text but not enough to understand topics well.

Very Good, 03 Feb 2008
I disagree with the other reviews. It's title says it all. The book covered a four week segment of an on-line course I am doing. To me it covers all of the areas in an informative and understandable way. It is not intended to be a bookeepers bible therefore does not go into detail of "T" accounts. Combined with good teaching, research and discussion it will certainly enable non-accountants to get a grasp of the subjects of accounting and finance.

Brilliant for the purpose, 16 Sep 2007
Ignore everything everyone else has said about this book. The title says that the target audience are non-specialists and as a non-specialist this book gave me a fantastic introduction to accounting and finance. The authors live up perfectly to their task and give enough detail for a beginner like me to get a good grounding in accounting and finance. Their writing style is uncomplicated (very easy to follow). At the end of each section I felt that I have gained in understanding the subject. Other books which I will acquire afterwards will give more detail and be more in-depth. This book can be judged by its cover and I recommend it highly to non-specialists, especially beginners.

Poor Attempt, 23 May 2005
Would not recommend this book to non-specialists looking for an overview of Accounting & Finance. It is a tedious read and the examples are unclear, split across pages and jump from one stage to the next without proper explanation. Not a very helpful book at all.

Only the very basics, 03 Mar 2004
Having recently completed a six month accountancy course, with this book as the primary text I can only recommend it to those with no prior grounding in the subject and studying at a very basic level.

It provides the very basics required to compile cash flows, profit and loss accounts and vertical balance sheets but is not sufficiently in depth to be of major use in the analysis of real world company financial statements or indeed to create ones own.

It would benefit greatly by expanding into the use of T-accounts, double entries and more thorough consideration of the horizontal balance sheet method.

That said it is saved from being a two star book by merit of a good chapter on the basics of investment appraisal and some excellent worked examples.

Overall rather dry and recommended only to those with no prior experience.

Not the most entertaining text-book...., 16 Feb 2000
This book is a good text book for the student who is new to Financial systems. As a non-specialist, I need all the help I can get! However, this book is a little dry and some of the explanations are not clear. Good for the basics, but very boring.

Excellent standard textbook , 16 Nov 2008
Frank Wood's Business Accounting volumes 1 and 2 have stood the test of time.

I used these books to help me with my early and intermediate examinations in financial accountancy more than 25 years ago.

Thorough and well explained with plenty of worked examples these textbooks have stood the test of time.

What a splendid resource, 11 May 2008
I use this book as a ready reference almost every week. Its content is broad and comprehensive and it's easy to access.
I'd recommend it to those new to the field as well as experienced practitioners.


Highly recommended, 20 Jul 2005
I used this book (and the previous edition) throughout both my MBA and PhD studies. The book is clearly written and very helpful in sorting through the maze of management literature. I would highly recommend this book for both undergraduate and graduate students of management.

Essential, 20 May 2007
This book may not top you Christmas wish list but it is an absolute must for entrepreneurs, executives and business people alike. Richard weaves his craft and translates years of first hand experience into a highly readable, enjoyable and, most importantly, understandable read. I have applied many of the recommendations in this book to my own scenarios and the results have been instantaneous. No longer do I fear the darkest realms of the financial departments, analysts or executives - this book has provided with the insight, weapons and strategy to battle upon an even keel. This book could be the greatest investment you ever make.

Standard text book that has stood the test of time , 16 Nov 2008
This is a thorough introduction to accounting and this and the second volume have been standard textbooks for as long as I can remember. I used the earlier editions more than 25 years for my examinations.

A GODSEND!! Recommended!!!, 14 Apr 2005
I have just begun my first year studying Accounting and Finance at university and have found the subject of Financial Accounting extremely difficult. Thanks to this book I am finding my own learning and revision periods are much easier and I am now understanding concepts which I hadnt a clue about in lectures! Thank you to the authors! One tiny issue with the book is that sometimes the double entry questions and examples used are not complex enough for what is needed at my level. Apart from that I recommend this book highly!

GREAT BOOK!!!!, 01 Dec 2002
I have just started studying account this year. I was really, really scared about how the subject was going to be. As it was, I found the subject really hard, but on top of that our teacher was really bad as well! But thank God, that our school had prescribed this book for the Year 10s! It has really helped. This book contains detailed explanations, plus multiple choice questions and loads of activities review questions. The answers of activities are written at the end of each chapter respectively.

Also, answers of alternative review questions are written at the back of the book. For me, one termed has passed, and I have studied wholly out of the book, and scored high marks! Three cheers for Frnk Wood and Alan Spanster!!!

If you are implementing a KPI based reporting system buy this book, 06 Aug 2007
I read this book in order to get up to speed on KPI based reporting systems prior to implementing one. There are excellent suggestions and guidlines that steer you in the right direction. The authors writing style is excellent.

A Masterpiece, 21 Jun 2007
Getting your performance measures right is vitally important to the
performance of your organisation and will mean the difference between
success and failure. All too often I see organisations drown in a sea of
useless measures (analysis paralysis) with no clear focus. Other
organisations see measures as something only the bean counters should do.

Providing a complete A-Z cookbook, this book sets the standard for any
organisation developing their performance measures and will soon be
recognised as the definitive work on this subject.

For anyone wanting to develop a new set of measures or simply overhaul the
existing set this book really is a must-read. If you only ever buy one book on performance measures - buy this one.

Great for beginniers, 21 Nov 2008
Definitely recommend buying this book. I bought it recently for my Business course because my Accounting teacher recommend that we all buy it and she was RIGHT! Very straight forward, and easy to follow especially for someone who doesn't really know accounting very well but want to read a book that wouldnt give you strong accounting words.

A MUST for Business student who are doing Accountings as one of thier modules.

Great for a new accounting student., 08 May 2007
I purchased this book on the recommendation of a co-worker (fully qualified accountant) who used the third edition while at uni. She was spot on when she told me that it is a great help to those students who come from a non-accounting background. (i.e. no A levels in accounting).

The layout is easy to follow, great self tests along the way, case studies, real world relevent news articles and even an online site with further tests.



Brilliant from a Student at University, 13 Feb 2004
This book is easy to read yet engages the reader in financial accounting. This provides all essential information without overload and gives a firm understanding and grasp of all concepts. the book is colourful and easy to read.

simple, but often insufficient, 30 Apr 2003
The book has been chosen to be our coursebook and was a great help when I did the very basics of accounting. When it came to the second year however, the number of examples was insufficient to help students understand the topics. The explanations are good but sometimes too long. It's a good book to use as a core text but not enough to understand topics well.

simple, but often insufficient, 30 Apr 2003
The book has been chosen to be our coursebook and was a great help when I did the very basics of accounting. When it came to the second year however, the number of examples was insufficient to help students understand the topics. The explanations are good but sometimes too long. It's a good book to use as a core text but not enough to understand topics well.

Very Good, 03 Feb 2008
I disagree with the other reviews. It's title says it all. The book covered a four week segment of an on-line course I am doing. To me it covers all of the areas in an informative and understandable way. It is not intended to be a bookeepers bible therefore does not go into detail of "T" accounts. Combined with good teaching, research and discussion it will certainly enable non-accountants to get a grasp of the subjects of accounting and finance.

Brilliant for the purpose, 16 Sep 2007
Ignore everything everyone else has said about this book. The title says that the target audience are non-specialists and as a non-specialist this book gave me a fantastic introduction to accounting and finance. The authors live up perfectly to their task and give enough detail for a beginner like me to get a good grounding in accounting and finance. Their writing style is uncomplicated (very easy to follow). At the end of each section I felt that I have gained in understanding the subject. Other books which I will acquire afterwards will give more detail and be more in-depth. This book can be judged by its cover and I recommend it highly to non-specialists, especially beginners.

Poor Attempt, 23 May 2005
Would not recommend this book to non-specialists looking for an overview of Accounting & Finance. It is a tedious read and the examples are unclear, split across pages and jump from one stage to the next without proper explanation. Not a very helpful book at all.

Only the very basics, 03 Mar 2004
Having recently completed a six month accountancy course, with this book as the primary text I can only recommend it to those with no prior grounding in the subject and studying at a very basic level.

It provides the very basics required to compile cash flows, profit and loss accounts and vertical balance sheets but is not sufficiently in depth to be of major use in the analysis of real world company financial statements or indeed to create ones own.

It would benefit greatly by expanding into the use of T-accounts, double entries and more thorough consideration of the horizontal balance sheet method.

That said it is saved from being a two star book by merit of a good chapter on the basics of investment appraisal and some excellent worked examples.

Overall rather dry and recommended only to those with no prior experience.

Not the most entertaining text-book...., 16 Feb 2000
This book is a good text book for the student who is new to Financial systems. As a non-specialist, I need all the help I can get! However, this book is a little dry and some of the explanations are not clear. Good for the basics, but very boring.

Excellent standard textbook , 16 Nov 2008
Frank Wood's Business Accounting volumes 1 and 2 have stood the test of time.

I used these books to help me with my early and intermediate examinations in financial accountancy more than 25 years ago.

Thorough and well explained with plenty of worked examples these textbooks have stood the test of time.

What a splendid resource, 11 May 2008
I use this book as a ready reference almost every week. Its content is broad and comprehensive and it's easy to access.
I'd recommend it to those new to the field as well as experienced practitioners.


Highly recommended, 20 Jul 2005
I used this book (and the previous edition) throughout both my MBA and PhD studies. The book is clearly written and very helpful in sorting through the maze of management literature. I would highly recommend this book for both undergraduate and graduate students of management.

Essential, 20 May 2007
This book may not top you Christmas wish list but it is an absolute must for entrepreneurs, executives and business people alike. Richard weaves his craft and translates years of first hand experience into a highly readable, enjoyable and, most importantly, understandable read. I have applied many of the recommendations in this book to my own scenarios and the results have been instantaneous. No longer do I fear the darkest realms of the financial departments, analysts or executives - this book has provided with the insight, weapons and strategy to battle upon an even keel. This book could be the greatest investment you ever make.

Fantastic Workbook to work through to develop an understanding of Management Accounting, 23 May 2008
I found this text a really good background/primer to Management Accounting. It facilitates self-learning in an engaging manner and was really a pleasure to read and indeed work through. When did you think you'd hear an IT professional praise an accountancy book? Worthwhile if you want to learn the basics about Management Accounting.

Standard text book that has stood the test of time , 16 Nov 2008
This is a thorough introduction to accounting and this and the second volume have been standard textbooks for as long as I can remember. I used the earlier editions more than 25 years for my examinations.

A GODSEND!! Recommended!!!, 14 Apr 2005
I have just begun my first year studying Accounting and Finance at university and have found the subject of Financial Accounting extremely difficult. Thanks to this book I am finding my own learning and revision periods are much easier and I am now understanding concepts which I hadnt a clue about in lectures! Thank you to the authors! One tiny issue with the book is that sometimes the double entry questions and examples used are not complex enough for what is needed at my level. Apart from that I recommend this book highly!

GREAT BOOK!!!!, 01 Dec 2002
I have just started studying account this year. I was really, really scared about how the subject was going to be. As it was, I found the subject really hard, but on top of that our teacher was really bad as well! But thank God, that our school had prescribed this book for the Year 10s! It has really helped. This book contains detailed explanations, plus multiple choice questions and loads of activities review questions. The answers of activities are written at the end of each chapter respectively.

Also, answers of alternative review questions are written at the back of the book. For me, one termed has passed, and I have studied wholly out of the book, and scored high marks! Three cheers for Frnk Wood and Alan Spanster!!!

If you are implementing a KPI based reporting system buy this book, 06 Aug 2007
I read this book in order to get up to speed on KPI based reporting systems prior to implementing one. There are excellent suggestions and guidlines that steer you in the right direction. The authors writing style is excellent.

A Masterpiece, 21 Jun 2007
Getting your performance measures right is vitally important to the
performance of your organisation and will mean the difference between
success and failure. All too often I see organisations drown in a sea of
useless measures (analysis paralysis) with no clear focus. Other
organisations see measures as something only the bean counters should do.

Providing a complete A-Z cookbook, this book sets the standard for any
organisation developing their performance measures and will soon be
recognised as the definitive work on this subject.

For anyone wanting to develop a new set of measures or simply overhaul the
existing set this book really is a must-read. If you only ever buy one book on performance measures - buy this one.

Great for beginniers, 21 Nov 2008
Definitely recommend buying this book. I bought it recently for my Business course because my Accounting teacher recommend that we all buy it and she was RIGHT! Very straight forward, and easy to follow especially for someone who doesn't really know accounting very well but want to read a book that wouldnt give you strong accounting words.

A MUST for Business student who are doing Accountings as one of thier modules.

Great for a new accounting student., 08 May 2007
I purchased this book on the recommendation of a co-worker (fully qualified accountant) who used the third edition while at uni. She was spot on when she told me that it is a great help to those students who come from a non-accounting background. (i.e. no A levels in accounting).

The layout is easy to follow, great self tests along the way, case studies, real world relevent news articles and even an online site with further tests.



Brilliant from a Student at University, 13 Feb 2004
This book is easy to read yet engages the reader in financial accounting. This provides all essential information without overload and gives a firm understanding and grasp of all concepts. the book is colourful and easy to read.

simple, but often insufficient, 30 Apr 2003
The book has been chosen to be our coursebook and was a great help when I did the very basics of accounting. When it came to the second year however, the number of examples was insufficient to help students understand the topics. The explanations are good but sometimes too long. It's a good book to use as a core text but not enough to understand topics well.

simple, but often insufficient, 30 Apr 2003
The book has been chosen to be our coursebook and was a great help when I did the very basics of accounting. When it came to the second year however, the number of examples was insufficient to help students understand the topics. The explanations are good but sometimes too long. It's a good book to use as a core text but not enough to understand topics well.

Very Good, 03 Feb 2008
I disagree with the other reviews. It's title says it all. The book covered a four week segment of an on-line course I am doing. To me it covers all of the areas in an informative and understandable way. It is not intended to be a bookeepers bible therefore does not go into detail of "T" accounts. Combined with good teaching, research and discussion it will certainly enable non-accountants to get a grasp of the subjects of accounting and finance.

Brilliant for the purpose, 16 Sep 2007
Ignore everything everyone else has said about this book. The title says that the target audience are non-specialists and as a non-specialist this book gave me a fantastic introduction to accounting and finance. The authors live up perfectly to their task and give enough detail for a beginner like me to get a good grounding in accounting and finance. Their writing style is uncomplicated (very easy to follow). At the end of each section I felt that I have gained in understanding the subject. Other books which I will acquire afterwards will give more detail and be more in-depth. This book can be judged by its cover and I recommend it highly to non-specialists, especially beginners.

Poor Attempt, 23 May 2005
Would not recommend this book to non-specialists looking for an overview of Accounting & Finance. It is a tedious read and the examples are unclear, split across pages and jump from one stage to the next without proper explanation. Not a very helpful book at all.

Only the very basics, 03 Mar 2004
Having recently completed a six month accountancy course, with this book as the primary text I can only recommend it to those with no prior grounding in the subject and studying at a very basic level.

It provides the very basics required to compile cash flows, profit and loss accounts and vertical balance sheets but is not sufficiently in depth to be of major use in the analysis of real world company financial statements or indeed to create ones own.

It would benefit greatly by expanding into the use of T-accounts, double entries and more thorough consideration of the horizontal balance sheet method.

That said it is saved from being a two star book by merit of a good chapter on the basics of investment appraisal and some excellent worked examples.

Overall rather dry and recommended only to those with no prior experience.

Not the most entertaining text-book...., 16 Feb 2000
This book is a good text book for the student who is new to Financial systems. As a non-specialist, I need all the help I can get! However, this book is a little dry and some of the explanations are not clear. Good for the basics, but very boring.

Excellent standard textbook , 16 Nov 2008
Frank Wood's Business Accounting volumes 1 and 2 have stood the test of time.

I used these books to help me with my early and intermediate examinations in financial accountancy more than 25 years ago.

Thorough and well explained with plenty of worked examples these textbooks have stood the test of time.

What a splendid resource, 11 May 2008
I use this book as a ready reference almost every week. Its content is broad and comprehensive and it's easy to access.
I'd recommend it to those new to the field as well as experienced practitioners.


Highly recommended, 20 Jul 2005
I used this book (and the previous edition) throughout both my MBA and PhD studies. The book is clearly written and very helpful in sorting through the maze of management literature. I would highly recommend this book for both undergraduate and graduate students of management.

Essential, 20 May 2007
This book may not top you Christmas wish list but it is an absolute must for entrepreneurs, executives and business people alike. Richard weaves his craft and translates years of first hand experience into a highly readable, enjoyable and, most importantly, understandable read. I have applied many of the recommendations in this book to my own scenarios and the results have been instantaneous. No longer do I fear the darkest realms of the financial departments, analysts or executives - this book has provided with the insight, weapons and strategy to battle upon an even keel. This book could be the greatest investment you ever make.

Fantastic Workbook to work through to develop an understanding of Management Accounting, 23 May 2008
I found this text a really good background/primer to Management Accounting. It facilitates self-learning in an engaging manner and was really a pleasure to read and indeed work through. When did you think you'd hear an IT professional praise an accountancy book? Worthwhile if you want to learn the basics about Management Accounting.

Principles of External Auditing Edition 2., 10 Mar 2003
This book is great for anyone who is doing modules as part of their degree which focus on all the aspects of auditing. It has an in depth but simplistic format which makes it very readable and enjoyable. Well referenced and very easy to read, due to the larger than normal text font throughout the textbook. It covers a vast areas of auditing including computer assisted auditing techniques which are becoming more popular in organisations. It also cover environmental auditing which organisations are choosing to disclose more often. This book is very good and I would highly recommend it to anyone looking to do auditing, in education and also in practice.

Standard text book that has stood the test of time , 16 Nov 2008
This is a thorough introduction to accounting and this and the second volume have been standard textbooks for as long as I can remember. I used the earlier editions more than 25 years for my examinations.

A GODSEND!! Recommended!!!, 14 Apr 2005
I have just begun my first year studying Accounting and Finance at university and have found the subject of Financial Accounting extremely difficult. Thanks to this book I am finding my own learning and revision periods are much easier and I am now understanding concepts which I hadnt a clue about in lectures! Thank you to the authors! One tiny issue with the book is that sometimes the double entry questions and examples used are not complex enough for what is needed at my level. Apart from that I recommend this book highly!

GREAT BOOK!!!!, 01 Dec 2002
I have just started studying account this year. I was really, really scared about how the subject was going to be. As it was, I found the subject really hard, but on top of that our teacher was really bad as well! But thank God, that our school had prescribed this book for the Year 10s! It has really helped. This book contains detailed explanations, plus multiple choice questions and loads of activities review questions. The answers of activities are written at the end of each chapter respectively.

Also, answers of alternative review questions are written at the back of the book. For me, one termed has passed, and I have studied wholly out of the book, and scored high marks! Three cheers for Frnk Wood and Alan Spanster!!!

If you are implementing a KPI based reporting system buy this book, 06 Aug 2007
I read this book in order to get up to speed on KPI based reporting systems prior to implementing one. There are excellent suggestions and guidlines that steer you in the right direction. The authors writing style is excellent.

A Masterpiece, 21 Jun 2007
Getting your performance measures right is vitally important to the
performance of your organisation and will mean the difference between
success and failure. All too often I see organisations drown in a sea of
useless measures (analysis paralysis) with no clear focus. Other
organisations see measures as something only the bean counters should do.

Providing a complete A-Z cookbook, this book sets the standard for any
organisation developing their performance measures and will soon be
recognised as the definitive work on this subject.

For anyone wanting to develop a new set of measures or simply overhaul the
existing set this book really is a must-read. If you only ever buy one book on performance measures - buy this one.

Great for beginniers, 21 Nov 2008
Definitely recommend buying this book. I bought it recently for my Business course because my Accounting teacher recommend that we all buy it and she was RIGHT! Very straight forward, and easy to follow especially for someone who doesn't really know accounting very well but want to read a book that wouldnt give you strong accounting words.

A MUST for Business student who are doing Accountings as one of thier modules.

Great for a new accounting student., 08 May 2007
I purchased this book on the recommendation of a co-worker (fully qualified accountant) who used the third edition while at uni. She was spot on when she told me that it is a great help to those students who come from a non-accounting background. (i.e. no A levels in accounting).

The layout is easy to follow, great self tests along the way, case studies, real world relevent news articles and even an online site with further tests.



Brilliant from a Student at University, 13 Feb 2004
This book is easy to read yet engages the reader in financial accounting. This provides all essential information without overload and gives a firm understanding and grasp of all concepts. the book is colourful and easy to read.

simple, but often insufficient, 30 Apr 2003
The book has been chosen to be our coursebook and was a great help when I did the very basics of accounting. When it came to the second year however, the number of examples was insufficient to help students understand the topics. The explanations are good but sometimes too long. It's a good book to use as a core text but not enough to understand topics well.

simple, but often insufficient, 30 Apr 2003
The book has been chosen to be our coursebook and was a great help when I did the very basics of accounting. When it came to the second year however, the number of examples was insufficient to help students understand the topics. The explanations are good but sometimes too long. It's a good book to use as a core text but not enough to understand topics well.

Very Good, 03 Feb 2008
I disagree with the other reviews. It's title says it all. The book covered a four week segment of an on-line course I am doing. To me it covers all of the areas in an informative and understandable way. It is not intended to be a bookeepers bible therefore does not go into detail of "T" accounts. Combined with good teaching, research and discussion it will certainly enable non-accountants to get a grasp of the subjects of accounting and finance.

Brilliant for the purpose, 16 Sep 2007
Ignore everything everyone else has said about this book. The title says that the target audience are non-specialists and as a non-specialist this book gave me a fantastic introduction to accounting and finance. The authors live up perfectly to their task and give enough detail for a beginner like me to get a good grounding in accounting and finance. Their writing style is uncomplicated (very easy to follow). At the end of each section I felt that I have gained in understanding the subject. Other books which I will acquire afterwards will give more detail and be more in-depth. This book can be judged by its cover and I recommend it highly to non-specialists, especially beginners.

Poor Attempt, 23 May 2005
Would not recommend this book to non-specialists looking for an overview of Accounting & Finance. It is a tedious read and the examples are unclear, split across pages and jump from one stage to the next without proper explanation. Not a very helpful book at all.

Only the very basics, 03 Mar 2004
Having recently completed a six month accountancy course, with this book as the primary text I can only recommend it to those with no prior grounding in the subject and studying at a very basic level.

It provides the very basics required to compile cash flows, profit and loss accounts and vertical balance sheets but is not sufficiently in depth to be of major use in the analysis of real world company financial statements or indeed to create ones own.

It would benefit greatly by expanding into the use of T-accounts, double entries and more thorough consideration of the horizontal balance sheet method.

That said it is saved from being a two star book by merit of a good chapter on the basics of investment appraisal and some excellent worked examples.

Overall rather dry and recommended only to those with no prior experience.

Not the most entertaining text-book...., 16 Feb 2000
This book is a good text book for the student who is new to Financial systems. As a non-specialist, I need all the help I can get! However, this book is a little dry and some of the explanations are not clear. Good for the basics, but very boring.

Excellent standard textbook , 16 Nov 2008
Frank Wood's Business Accounting volumes 1 and 2 have stood the test of time.

I used these books to help me with my early and intermediate examinations in financial accountancy more than 25 years ago.

Thorough and well explained with plenty of worked examples these textbooks have stood the test of time.

What a splendid resource, 11 May 2008
I use this book as a ready reference almost every week. Its content is broad and comprehensive and it's easy to access.
I'd recommend it to those new to the field as well as experienced practitioners.


Highly recommended, 20 Jul 2005
I used this book (and the previous edition) throughout both my MBA and PhD studies. The book is clearly written and very helpful in sorting through the maze of management literature. I would highly recommend this book for both undergraduate and graduate students of management.

Essential, 20 May 2007
This book may not top you Christmas wish list but it is an absolute must for entrepreneurs, executives and business people alike. Richard weaves his craft and translates years of first hand experience into a highly readable, enjoyable and, most importantly, understandable read. I have applied many of the recommendations in this book to my own scenarios and the results have been instantaneous. No longer do I fear the darkest realms of the financial departments, analysts or executives - this book has provided with the insight, weapons and strategy to battle upon an even keel. This book could be the greatest investment you ever make.

Fantastic Workbook to work through to develop an understanding of Management Accounting, 23 May 2008
I found this text a really good background/primer to Management Accounting. It facilitates self-learning in an engaging manner and was really a pleasure to read and indeed work through. When did you think you'd hear an IT professional praise an accountancy book? Worthwhile if you want to learn the basics about Management Accounting.

Principles of External Auditing Edition 2., 10 Mar 2003
This book is great for anyone who is doing modules as part of their degree which focus on all the aspects of auditing. It has an in depth but simplistic format which makes it very readable and enjoyable. Well referenced and very easy to read, due to the larger than normal text font throughout the textbook. It covers a vast areas of auditing including computer assisted auditing techniques which are becoming more popular in organisations. It also cover environmental auditing which organisations are choosing to disclose more often. This book is very good and I would highly recommend it to anyone looking to do auditing, in education and also in practice.

aat, 13 Aug 2006
I haven't actually got this book, but will be ordering it in the near future, I have got the Foundation Accountiung for NVQ Units 1 to 4 both work book and tutorial, also Office Skills, combined text for NVQ Accounting Units 21, 22 & 23, plus Costing and reports, for NVQ Accounting Units 6 & 7, both work book and tutorial, I have found all five books invaluable, and through the college work and help from the text books I have managed to pass the AAT Foundation level exam, plus the December 2005 ECR exam for AAT Intermediate. Unfortunatley through circumstances I had to drop the course, but I will be re-sitting the course of AAT Intermediate starting in September 2006, and look forward to working from the books in this particular range. I would recommend these books for anybody wanting to do the AAT courses as the information in the books is easy to follow, the books also give you plenty of excersises to do which leaves you fully pre-pared for your devolved assessments and the central exams.