The Accounting Game: Learn the Basics of Financial Accounting - As Easy as Running a Lemonade Stand (Basics for Entrepreneurs and Small Business Owners) Paperback – Illustrated, March 1, 2008

I have to guide and teach 2 of my family members ( my mother and my sister, we are in business together. I am 46 years old ) , in how to use accounting in order to make decisions about more than 5 different companies we own, or have interests in.My goal is to teach them, how to read financial statements and how to use that information, in order to be a proactive board member and business director. I often find it difficult to explain concepts to people who have no clue about the topic. What a task!!! So I bought 3 of these books. One for each of them and one for me.I have a formal education related to those topics. University degree in business management and a masters degree in general management and in finance. And this book is excelent. I have enjoyed reading the first chapter and doing the exercises. Today we will have our first sesion with them, in order to discuss the first chapter.This book turns something that should be "square and boring", into a very nice learnig process. And is very entertaining. The content is really good. For people who need to learn about the subjetc and how to apply it, it is very usefull. Even for me, you always learn new things.When you finish this book, I doubt you will be able to get a job as a full time accountant. But you will have a solid understanding of the basic accounting principles, and will be able to "read" the story that your business financial statements tell. To interpret them, and hopefully with some common sense, to be able to ask the right questions.As business owners, we "see" through the financial statements and ownership should come hand in hand with beeing able to interpret financial statements in order to direct a business. No matter the size. Even our own household.Excellent book!!! Congratutalions to the authors. You should have a spanish language version available, for people whose native language is not english. Perhaps in the future.Ahh and one more comment. This book , I do recommend that you purchase the print edition. That way you can do the exercises better. 100 points.

I am going to school to become a CPA and I found this book helpful in my studies. Easy read that was recommended from a friend and I would do the same for you. Get the book!

This was a great book. I highly recommend it. First, I loved the size of the book, the font and the spacing. I loved color graphics and using color.At the end of each chapter, it asks questions and provides the answer. This is really helpful because most of us talk to ourselves when we get stuck and we need to know what questions to ask ourselves to obtain an answer. This was also good for reviewing what you just learned.As you read on, you will fill out the financial statements. Every other page has one and it's in color.Learn and do is how this book operates.It's very easy to understand and the concepts and vocabulary stuck with me. I read the 1st 5 chapters in one day. And I finished the book in 3 days.I hope the authors consider making more books. It was fun and enjoyable to read.

Bought for my daughter who is learning accounting. Has been a real nice book, got through all of it. Learned some key concepts such as how to roll up the earnings from one week to the next from the balance sheet, learning that the net profit from the income statement always matches the earnings week to date on the balance sheet, etc.. I noticed on page 50 for total owners equity is has an already printed $15, when it should be an already printed $32. Also, on page 173 for Purchases (12+4+20+20+20+30) on the income statement I cannot find the number 4 for purchases anywhere on prior income statements. It appears to me that it should be the number 24 according to my math, not 4. It’s been maddening trying to find the $4 when it’s obviously not there. So, it must be another numerical error in the book. Even though it has a few numerical errors, it did a fine job with the basics. I’ll add it would have been helpful to have a mention of debits and credits, but overall a good book.

This book is soooooooo cool!It walks you through complex accounting, using the simplicity of a lemonade stand. I’ve been an entrepreneur for 10 years and don’t see it lacking anything, as its critics suggest. Sure, you can supplement it with something that has more complex examples, but, the necessitaties are all there.A few other things:Visual aid, - I swear, if it’s one type of book that needs visual aid, its business books, particularly accounting. YET MOST DON’T HAVE IT. This one does.Active learning, - you really are guided by the editorial to keep your own books. I’m talking line by line instructions that a kid can grasp one what it is and what to put down.Storification, - Storifying something like accounting is BRILLIANT and often difficult. Lines like, “Mom and Dad want to give you a lesson about running a business and without warning, decide to charge you a GLASS RENTAL FEE of two dollars!!!! Talk about tough love! Worse yet, the next day, your best friend (or the kid you thought was your best friend) announces that he or she wants to be paid one dollar for a sign he or she painted for the lemonade stand. Stop and figure out your expenses.”Puts you in the middle of a business movie, and keeps you on the edge of your seat, paying attention and exercising your fiscal intelligence.Need I say more?FIVE STARS!!!!

This book is good if you are a beginner or need a refresher. There is repetition in Q & A form to help you remember key concepts. Having said that, I think their math is off in some of the given solutions. Please be careful and double check your work.