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Title: Not for beginners
Review: This book was maddening. I'd find myself re-reading a paragraph over and over, 5 or 6 times, attempting to translate its meaning. Sentences like "The Income Statement reports this activity on the accrual basis and the Statements of Cash Flows reports it on the cash basis" lie throughout the book. Terms like 'accrual basis' and 'dividends' are suddenly announced, without any prior explanation. I bet the author is a great CPA, and extraordinarily smart. But there is no way this book was tested the way it should've been: by handing it to an otherwise savvy business person with no accounting experience, and WATCHING them read the book to see if it made any sense, and where they got hung up. If you're a real beginner, this won't be an easy answer to your questions.
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