This is an easy to read book that uses a conversational style and includes characters to whom you will relate. If you find your accounting textbooks dry and hard to understand then join Andrew, who is starting his own business and needs to prepare a five year business plan. Andrew enlists the help of a friend, Richard, who is an expert in budgeting and planning and is an accountant as well. Over a period of weeks (chapters actually), they meet in their local pub for a drink and a chat and to develop the plan. Richard introduces accounting terms and ideas as and when they become relevant. sometimes Andrew disagrees with what he is hearing and they have a debate about it, thus allowing alternative approaches to be evaluated. It is a chatty book, easy to read and written as a novel. It explains how accounting information is captured and how it is processed to help an owner or manager run his business better and make decisions more accurately. Variable costing, ratio analysis and cash flows are all included. Debits and credits are not mentioned until the very last chapter, when we find out where these terms came from. After reading this chapter such terms will never worry you again!

About the Author

Derek Stone was Senior Fellow in Accounting at the London Business School for over twenty five years, teaching on all of its programmes. His forte was to make the subject interesting and fun to learn. In his private capacity he has taught on managerial programmes all over the world to such companies as Unilever, Bank of America and British Aerospace. He is now writing a series of books and case studies that can be found on his website. understandaccounting.com Do you watch Coronation Street, with its many businesses, including The Rovers Return, Roy's Rolls and many others. Well, their financial progress will soon be available on the website too!

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