Accounting and Finance for Your Small Business
by Steven M. Bragg, E. James Burton
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Book Summary Information
Author: E. James Burton, Steven M. BraggEdition: Hardcover
Audio: English (Original Language); English (Unknown); English (Published)
Published: 2006-02-03
ISBN: 0471771562
Number of pages: 312
Publisher: Wiley
Book Reviews of Accounting and Finance for Your Small Business
Book Review: A good accounting and finance book. But probably best as a follow-on tome rather than as a starter guide.
Summary: 4 Stars
I liked this book. But I didn't think it was a page-turner. It was full of great content, and covers accounting and finance topics related to the starting and operating of small businesses. It is comprised of 9 chapters, and is split into the following three parts:
1. Preparing to operate the business
2. Operating the business
3. Evaluating the operations of the business
Early in the book it is stated that the book was written for business owners and managers who want to REFINE the accounting and financial operations of their companies. The keyword in the last sentence is "refine." The reader is assumed to be somewhat competent with regard to accounting and finance for a small business, and by reading this book they are supposed to be able to refine their existing accounting and finance functions. If this assumption is accurate, then this book will prove to be well worth its purchase price. If this assumption is inaccurate, then the book will not be well received.
I found the book rather dry. It tended to jump right in and make its points in each chapter rather than easing the reader into what the subject matter was and then providing comments, solutions or whatever regarding that subject matter. I recently read a book called The It Factor (ISBN: 0814474373) which stresses the importance of communicators to make a connection with their audience in order to effectively communicate with them. I think the authors of this book could improve their writing style if they were to incorporate the message of The It Factor into how they write.
Earlier this morning I read a book titled Financial Intelligence (ISBN: 9781591397649) which discusses the basics of accounting and finance to help small business owners or managers "manage by the numbers." I think the instant book being reviewed would be a wonderful follow-on book to Financial Intelligence. And anybody who is not well versed with accounting and finance would do themselves a great service by reading both books.
Accounting and finance are jargon-filled subjects. The terminology used in both is uncommon and pretentious to many people. Authors that write in these subjects should be cognizant of this fact and pay special attention to writing so they connect with their readers. This book in many ways is fairly well written. But in my humble opinion it could have been a lot better if the authors had worked harder at connecting with the reader. 4 stars!
Summary of Accounting and Finance for Your Small Business
"Once again, Bragg has turned his discerning eye and formidable talents on a topic and the results are outstanding. Both those new to the business and the long-established entrepreneur will benefit greatly when he joins forces with E. James Burton to produce this outstanding work."-Mary S. Schaeffer, Editorial Director Accounts Payable Now & Tomorrow
"I use the tips and practices found in [this book] all through the year. They are clear, direct, and efficient-which, in turn, improves our company and our bottom line. I recommend [this book] to anyone wanting to improve their own bottom line."
-D. R. Drum, CIO, CSO Engineering/Accounting, Dragon Moon Productions
"Eminently accessible, this book is a must-read for the entrepreneur, both new and established alike. Organizationally, the work flows smoothly and logically in a way that is valuable for the start-up as well as the veteran needing a refresher on specific aspects of the small business accounting/financing picture. I found particularly useful the rich resourcefulness that Messrs Burton and Bragg brought to the table in compiling the essential checklists for every conceivable corner of the entrepreneur's financial realm from fraud prevention to financing options. As a small business owner myself, I was well pleased with the real-world guidance and instant 'useability' this book offers."
-David Struthers, JDFacilitator/Trial Lawyer
"This book is essential for any small business owner, manager, or accountant's business tool kit. This easy-to-read book distills complex subject matter into meaningful and understandable information and is a great refresher course for those deeply involved in the accounting and financial matters of a small business. The book contains many examples that can be used immediately in daily operations to improve the quality of information for better decision making. The book provides those involved in small business the framework to manage what they measure."
-Jim Bologa, CFODaticon, Inc.
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