Top 10 Best Books to Read in Accounting - August 2021

Here are our top ten recommendations if you are looking for the best books to read in Accounting. We have made sure our list is diverse to cater to the interests of different types of readers.

1. Profit First: Transform Your Business from a Cash-Eating Monster to a Money-Making Machine


Top 10 Best Books to Read in Accounting - August 2021

Author of cult classics The Pumpkin Plan and The Toilet Paper Entrepreneur offers a simple, counterintuitive cash management solution that will help small businesses break out of the doom spiral and achieve instant profitability. Conventional accounting uses the logical (albeit, flawed) formula: Sales - Expenses = Profit. The problem is, businesses are run by humans, and humans aren't always logical. Serial entrepreneur Mike Michalowicz has developed a behavioral approach to accounting to flip the formula: Sales - Profit = Expenses. Just as the most effective weight loss strategy is to limit portions by using smaller plates, Michalowicz shows that by taking profit first and apportioning only what remains for expenses, entrepreneurs will transform their businesses from cash-eating monsters to profitable cash cows. Using Michalowicz's Profit First system, readers will learn that: · Following 4 simple principles can simplify accounting and make it easier to manage a profitable business by looking at bank account balances. · A small, profitable business can be worth much more than a large business surviving on its top line. · Businesses that attain early and sustained profitability have a better shot at achieving long-term growth. With dozens of case studies, practical, step-by-step advice, and his signature sense of humor, Michalowicz has the game-changing roadmap for any entrepreneur to make money they always dreamed of.

  • Author: Mike Michalowicz
  • Publisher: Portfolio; Reissue edition (February 21, 2017)
  • Genre: Business & Money, Finance
  • ISBN: 978-0735214149
  • Dimensions: 6.2 x 0.9 x 9.3 inches

                 

2. Tax-Free Wealth: How to Build Massive Wealth by Permanently Lowering Your Taxes (Rich Dad's Advisors (Paperback))


Top 10 Best Books to Read in Accounting - August 2021

After 31 years… Major Tax Reform ― and what it means to you True overhaul of the tax law only happens about once every 30 years. In the past 75 years, the U.S. tax law has only seen three major revisions; one in 1954, the next in 1986 and most recently at the end of 2017. I have been fortunate as a tax professional to be heavily involved in the last two reforms. In 1986, I was a manager in the National Tax Department (NTD) of Ernst & Whinney (now Ernst Young). My primary responsibility during my three years there was to create, teach and administer tax courses to the Firm’s U.S. tax professionals. Just as I arrived in the summer of 1985, I discovered that much of NTD’s resources were being devoted to following the tax reform bill that had been introduced that year. This gave me, as a young tax professional, some amazing insight into the legislative process as well as the horse trading for tax reform. President Reagan wanted two things; simplicity (the 1985 act was call the Tax Simplification Act of 1985) and he wanted it to be revenue neutral (no net increase to the deficit). It took another year before bill was finally passed as the Tax Reform Act of 1986. (Simplicity took a back seat to other goals of the reform.) In 1986 the big winners from tax reform were individuals, with significantly lower tax rates, insurance companies (who got by relatively unscathed) and businesses. The big loser was real estate investors (the passive loss rules were used as a last-ditch effort to make a “revenue-neutral” bill. The result a few years later was the Savings and Loan debacle accompanied by a massive real estate depression and the government bailing out real estate through the RTC (Resolution Trust Corporation). Fast forward 31 years to 2017. President Trump had promised economic stimulus and had stumbled out of the blocks with the failure to repeal ObamaCare. Everyone thought tax reform would take two years to complete like it had in 1985-1986. Instead, the Republican-controlled Congress was able to use slick procedural rules to pass major tax reform in record time (less than three months from start to finish). The result was a bill the consequences of which and application of which are still largely unknown. Known are the clear winners and losers. Losers include employees with lost deductions for moving, investment expenses and reductions in home mortgage interest and state income tax deductions. Winners include big corporations, with a major tax reduction from 35% to big corporations, with a major tax reduction from 35% to 21%, small businesses, with a 20% net income deduction, and real estate, with major depreciation incentives and the 20% net income deduction given to other small businesses. The key to remember is that very few people had the chance to influence this legislation. Everyone has the same chance to take advantage of the windfalls given to the winners. Employees can choose to be independent contractors and receive the 20% small business deduction. Service professionals who were left out of the 20% deduction can now become C corporations and reduce their tax rate to 21%. Investors who received tax benefits from the costs of investing in the stock market can either begin investing in real estate, with its massive tax benefits, or invest through their Roth IRA or Roth 401(k) and avoid tax altogether on the income and gains from their investments. Tax-Free Wealth is about using the tax law the way it’s meant to be used – as a series of incentives to do what the government wants you to do. This Second Edition incorporates some ideas of how to use the new incentives. The reality is that the incentives don’t really change that much. The government still wants businesses to hire employees, so businesses receive tax benefits for doing so. The government still wants investors to provide housing for renters (even more so now), so real estate investors receive large tax breaks for following through on the government’s goals. Energy is still favored, both traditional energy (oil & gas and coal) and renewable energy (wind, solar and hydroelectric). For U.S. taxpayers, you will find helpful tips in this new edition to help you apply the new tax incentives to your situation. As a bonus, I have included information and a link to a free eBook that you can download detailing the Top Ten Tax Benefits from the Trump Tax Reform. For you who live outside the United States, and no matter what country you live in, this edition should help you look for ways to apply your government’s incentives. You may even decide that now is the time to do business in the United States as that country. is, to some degree, a tax haven. You can take advantage of the tax incentives offered by your government only if you understand how the tax law works. Every day, you have the opportunity to reduce your taxes. Once you have digested this book, take it to your tax advisor and have them read it (or better yet, buy them their own copy). Then your tax advisor, who is responsible for understanding all of the technical details of the law, can help you apply them to your specific situation. Enjoy this book and let me know what you think. You can always reach me at team@wealthability.com. Here is to your Tax-Free Wealth.

  • Author: Tom Wheelwright
  • Publisher: BZK Press; 2nd edition (June 26, 2018)
  • Genre: Business & Money, Taxation
  • ISBN: 978-1947588059
  • Dimensions: 6 x 1 x 9 inches

                 

3. Discrimination and Disparities


Top 10 Best Books to Read in Accounting - August 2021

An enlarged edition of Thomas Sowell's brilliant examination of the origins of economic disparities Economic and other outcomes differ vastly among individuals, groups, and nations. Many explanations have been offered for the differences. Some believe that those with less fortunate outcomes are victims of genetics. Others believe that those who are less fortunate are victims of the more fortunate. Discrimination and Disparities gathers a wide array of empirical evidence to challenge the idea that different economic outcomes can be explained by any one factor, be it discrimination, exploitation, or genetics. This revised and enlarged edition also analyzes the human consequences of the prevailing social vision of these disparities and the policies based on that vision--from educational disasters to widespread crime and violence.

  • Author: Thomas Sowell
  • Publisher: Basic Books; Enlarged edition (March 5, 2019)
  • Genre: Science & Math, Mathematics
  • ISBN: 978-1541645639
  • Dimensions: 6.4 x 1.5 x 9.5 inches

                 

4. Unconventional Success: A Fundamental Approach to Personal Investment


Top 10 Best Books to Read in Accounting - August 2021

The bestselling author of Pioneering Portfolio Management , the definitive template for institutional fund management, returns with a book that shows individual investors how to manage their financial assets. In Unconventional Success , investment legend David F. Swensen offers incontrovertible evidence that the for-profit mutual fund industry consistently fails the average investor. From excessive management fees to the frequent "churning" of portfolios, the relentless pursuit of profits by mutual fund management companies harms individual clients. Perhaps most destructive of all are the hidden schemes that limit investor choice and reduce returns, including "pay-to-play" product-placement fees, stale-price trading scams, soft-dollar kickbacks, and 12b-1 distribution charges. Even if investors manage to emerge unscathed from an encounter with the profit-seeking mutual fund industry, individuals face the likelihood of self-inflicted pain. The common practice of selling losers and buying winners (and doing both too often) damages portfolio returns and increases tax liabilities, delivering a one-two punch to investor aspirations. In short: Nearly insurmountable hurdles confront ordinary investors. Swensen's solution? A contrarian investment alternative that promotes well-diversified, equity-oriented, "market-mimicking" portfolios that reward investors who exhibit the courage to stay the course. Swensen suggests implementing his nonconformist proposal with investor-friendly, not-for-profit investment companies such as Vanguard and TIAA-CREF. By avoiding actively managed funds and employing client-oriented mutual fund managers, investors create the preconditions for investment success. Bottom line? Unconventional Success provides the guidance and financial know-how for improving the personal investor's financial future.

  • Author: David F. Swensen
  • Publisher: Free Press; 1st edition (August 1, 2005)
  • Genre: Business & Money, Investing
  • ISBN: 978-0743228381
  • Dimensions: 6.4 x 1.4 x 9.6 inches

                 

5. Accounting Ledger Book: Simple Accounting Ledger for Bookkeeping


Top 10 Best Books to Read in Accounting - August 2021

This Accounting ledger book is great for tracking finances and transactions. It can be used for personal, small business or for home-based businesses. This book includes date, description, account, Payment (Debit), Deposit (Credit) and Totals. 110 pages and size of the book is 7.4 inch x 9.7 inch. Simple book for basic book keeping of transactions.

  • Author: Elegant Simple Trackers
  • Publisher: Independently published (June 21, 2019)
  • Genre: Business & Money, Accounting
  • ISBN: 978-1075292354
  • Dimensions: 7.44 x 0.26 x 9.69 inches

                 



6. (ISC)2 CISSP Certified Information Systems Security Professional Official Study Guide


Top 10 Best Books to Read in Accounting - August 2021

CISSP Study Guide -  fully updated for the 2021 CISSP Body of Knowledge  (ISC)2 Certified Information Systems Security Professional (CISSP) Official Study Guide, 9th Edition has been completely updated based on the latest 2021 CISSP Exam Outline. This bestselling Sybex Study Guide covers 100% of the exam objectives. You'll prepare for the exam smarter and faster with Sybex thanks to expert content, knowledge from our real-world experience, advice on mastering this adaptive exam, access to the Sybex online interactive learning environment, and much more. Reinforce what you've learned with key topic exam essentials and chapter review questions.  The three co-authors of this book bring decades of experience as cybersecurity practitioners and educators, integrating real-world expertise with the practical knowledge you’ll need to successfully pass the CISSP exam.  Combined, they’ve taught cybersecurity concepts to millions of students through their books, video courses, and live training programs.  Along with the book, you also get access to Sybex's superior online interactive learning environment that includes:  Over 900 new and improved practice test questions with complete answer explanations. This includes all of the questions from the book plus four additional online-only practice exams, each with 125 unique questions. You can use the online-only practice exams as full exam simulations. Our questions will help you identify where you need to study more. Get more than 90 percent of the answers correct, and you're ready to take the certification exam.  More than 700 Electronic Flashcards to reinforce your learning and give you last-minute test prep before the exam  A searchable glossary in PDF to give you instant access to the key terms you need to know for the exam  New for the 9th edition: Audio Review.  Author Mike Chapple reads the Exam Essentials for each chapter providing you with 2 hours and 50 minutes of new audio review for yet another way to reinforce your knowledge as you prepare. Coverage of all of the exam topics in the book means you'll be ready for:  Security and Risk Management  Asset Security  Security Architecture and Engineering  Communication and Network Security  Identity and Access Management (IAM)  Security Assessment and Testing  Security Operations  Software Development Security

  • Author: Mike Chapple
  • Publisher: Sybex; 9th edition (June 22, 2021)
  • Genre: Computers & Technology, Programming
  • ISBN: 978-1119786238
  • Dimensions: 7.2 x 1.6 x 9.2 inches

                 

7. Smart Money Smart Kids: Raising the Next Generation to Win with Money


Top 10 Best Books to Read in Accounting - August 2021

Dave Ramsey and Rachel Cruze teach parents how to raise money-smart kids in a debt-filled world. In Smart Money Smart Kids, financial expert and best-selling author Dave Ramsey and his daughter Rachel Cruze equip parents to teach their children how to win with money. Starting with the basics like working, spending, saving, and giving, and moving into more challenging issues like avoiding debt for life, paying cash for college, and battling discontentment, Dave and Rachel present a no-nonsense, common-sense approach for changing your family tree.

  • Author: Dave Ramsey
  • Genre: Business & Money, Personal Finance, Budgeting & Money Management

                 

8. Accounting Equations & Answers


Top 10 Best Books to Read in Accounting - August 2021

Whether you are a business or accounting student looking to ace the next test or a veteran of the business world who could use a refresher, the Accounting Equations & Answers QuickStudy® guide is here to help! This three-panel guide outlines commonly used and difficult-to-remember accounting equations for tracking assets, liabilities, equity, income, and more, as well as handy hints, common pitfalls, and other points to make sure you don’t let anything slip through the cracks. Examples are included for easy comprehension.

  • Author: Inc. BarCharts
  • Publisher: QuickStudy; Lam Crds edition (May 31, 2012)
  • Genre: Business & Money, Accounting
  • ISBN: 978-1423218173
  • Dimensions: 8.5 x 11 x 0.06 inches

                 

9. Nomad Capitalist: How to Reclaim Your Freedom with Offshore Bank Accounts, Dual Citizenship, Foreign Companies, and Overseas Investments


Top 10 Best Books to Read in Accounting - August 2021

The world has changed forever,- Governments have expanded their reach over their citizens’ lives.- Power is being consolidated by an elite few, and- The world economy has become more volatile and unpredictable.Meanwhile, the internet, a globalizing world economy, and the emergence of the developing world all present opportunities to any businessman or investor willing to make simple changes to their life.Geography is no longer a limitation for those willing to follow Andrew Henderson’s ‘Five Magic Words’ and “Go where you’re treated best.”As the world’s most sought-after expert on offshore tax planning, second passports, and global citizenship - cited by the BBC, Bloomberg, Forbes, CNN, and more - Andrew has condensed the last ten years of his investigative world travel into an unprecedented book to show entrepreneurs and investors another way to live that will enable them to keep more of their own money, live where they want, become citizens of the world, and improve their lives and the planet.Direct. Honest. Experienced. Unapologetic. Practical. Transparent. Even funny. The Nomad Capitalist will show you how to take his “E-K-G” formula to:- ENHANCE your personal lifestyle,- KEEP more of your money, and- GROW your money by living, investing, banking, and doing business overseas.From foreign companies to offshore accounts and from overseas investments to dual citizenship, Andrew will introduce you to a life of international proportions, storing gold in super-secret vaults, finding love in exotic locations, and improving everything from your health to your tax bill by simply “going where you’re treated best.”Will this book answer your unique questions about how your business can transfer price IP from Montenegro to Canada using staffing companies and GILTI? No. No book written for the general public can give you a personalized strategy for going offshore. Nor should it. This book is not a substitute for the professional help you need to do everything the 100% legal way that Andrew promotes.What it will give you is a vision of what's possible, including second passport opportunities, offshore banking countries to use (and avoid), and specific jurisdictions to consider for business and investment. You will also get a look at the life of the Nomad Capitalist himself and the kind of boots-on-the-ground anecdotes and personal experiences that helped Andrew gain the knowledge he has used to help hundreds of people to go where they are treated best.It is no longer enough to be a digital nomad. Those who want complete freedom from the world’s broken systems must become Nomad Capitalists themselves, learning to navigate the world system to reclaim their freedom and rediscover the possibilities of capitalism’s greatest promises.Get the book to see how.

  • Author: Andrew Henderson
  • Publisher: Independently published (April 10, 2018)
  • Genre: Business & Money, Taxation
  • ISBN: 978-1980435099
  • Dimensions: 5.5 x 0.71 x 8.5 inches

                 

10. The Tax and Legal Playbook: Game-Changing Solutions To Your Small Business Questions


Top 10 Best Books to Read in Accounting - August 2021

The Tax Rules Have Changed. Your Business Should, Too. The Tax Cut and Jobs Act of 2017 marks the biggest tax reform in more than 30 years. The changes to the tax code are complex (especially for the small-business owner), but you don't have to go it alone. CPA and Attorney Mark J. Kohler delivers a comprehensive analysis of the new tax and legal structure you desperately need to help make the new tax law work for you. In this revised edition of The Tax and Legal Playbook , Kohler reveals clear-cut truths about tax and legal planning and delivers a practical, play-by-play guide that helps you build wealth, save on taxes, and protect your assets. Using real-world case studies, tax-savvy tips, game plans, and discussion points, Kohler coaches you through the complexities of the tax game of the small-business owner. You'll also learn how to: Examine your business needs and pick the right business entity for you Build your personal and corporate credit in eight steps Implement affordable asset protection strategies Take advantage of underutilized business tax deductions Pick the right health-care, retirement, and estate plans Bring on partners and investors the right way Plan for your future with self-directed retirement funds Reading from cover to cover or refer to each chapter as needed, you will come away wiser and better equipped to make the best decisions for your business, your family, and yourself.

  • Author: Mark J Kohler
  • Publisher: Entrepreneur Press; 2nd edition (July 23, 2019)
  • Genre: Business & Money, Finance
  • ISBN: 978-1599186436
  • Dimensions: 6 x 1 x 8.8 inches