Boost Your Skills in Accounting and Bookkeeping: (+ Online Videos, Quizzes, Exercise Files & More)

LEARN ACCOUNTING & BOOKKEEPING THE RIGHT WAY – FAST, EASY, AND PRACTICAL

Join the thousands of students and educators who have trusted Labyrinth Learning’s proven training system for over 30 years

• Step-by-step, comprehensive training designed for beginners and small business owners – No prior accounting experience necessary!
• Exclusive online resource center with videos, quizzes, presentations, and more to deepen your learning and keep you engaged.
• Master the essentials – From the accounting cycle to debits, credits, and financial statements, you'll gain practical skills you can use immediately.
• Set yourself apart and get certified – This book fully prepares you for the Intuit Certified Bookkeeping Professional exam, making you more attractive to employers.
• Learn for the long-term – While most books focus on short-term learning, our system uses real-world exercises, full-scale projects, and multiple practice sets designed to reinforce your knowledge and help you confidently apply your skills in any setting.

Written by an award-winning teacher, MBA, and CPA with 20+ years experience
Eric Weinstein MBA, CPA is a Professor of Business Administration at Suffolk County and author of several in-demand accounting textbooks. Eric has received many awards in his career in education, including the State University of New York Chancellor's Award for Excellence in Teaching. He's also been a practicing CPA in New York for more than 20 years.

Reviewed and developed by a prestigious team of 30+ advisors and industry experts
With the Boost Your Skills series, you’re not just learning from the author; you’re backed by a powerhouse team of seasoned professionals. Each title is vetted and shaped by a team of highly credentialed educators and industry experts (MBAs, CPAs, PhDs etc.). Once written, every chapter is put through rounds of careful review; exercises and assessments are tested and refined, and editors and quality assurance professionals ensure the content is clear and reliable. The result is a polished learning experience engineered to help you succeed.

List of topics covered
Evaluating Transactions
The Accounting Cycle
Journal Entries and T-Accounts
Adjusting Entries
Financial Statements and Closing Entries
Computerized Systems, Cash, and Payroll
Financial Statement Analysis
Merchandise Inventory

By the end of Chapter 1 you will be able to:
Describe the accounting equation
Differentiate between account types
Evaluate a transaction
Convey transaction details

By the end of Chapter 2 you will be able to:
Explain the concept of posting journal entries
Identify the purpose of a trial balance
Distinguish between adjusting entries and closing entries
Discuss the four primary financial statements

By the end of Chapter 3 you will be able to:
Distinguish between debits and credits
Work with T-accounts
Journalize a transaction
Post a transaction
Use a special journal and a subsidiary ledger

By the end of Chapter 4 you will be able to:
Format and complete a trial balance
Record adjusting entries
Calculate depreciation using the straight-line method
Calculate depreciation using the double-declining balance method

By the end of Chapter 5 you will be able to:
Prepare an income statement
Prepare a statement of owner’s equity
Prepare a balance sheet
Identify the sections of a statement of cash flows
Record closing entries

Plus, there's more! Chapters 6 and 7 include:
Internal control procedures
Bank reconciliations
Employer and employee payroll taxes
Horizontal and vertical analyses
Preparing financial statements
Calculating various financial ratios

Eric A. Weinstein MBA, CPA is a Professor of Business Administration at Suffolk County Community College and author of several in-demand accounting textbooks. Eric has received many awards in his career in education, including the State University of New York Chancellor's Award for Excellence in Teaching. He's also been a practicing CPA in New York for more than 10 years.