Accounts Demystified – Sixth Edition

Hello and welcome to Accounts Demystified.

These pages are principally intended for people who already have the book. If you’re not one of those and are wondering if this book is for you, have a look at About the book and Testimonials

If you have the sixth edition of the book, here’s a summary of what you will find on this website…

• Chapter two of the book sets out 17 transactions that show how a balance sheet is constructed. If you go to SBL transactions, you can follow these transactions online.

• Chapter five is all about debits and credits. Go to Debits and credits quiz to test yourself.

• From chapter six on, most of the book is about the imaginary company, Wingate Foods. It will be a lot easier if you have a copy of Wingate’s accounts to hand so you don’t keep having to refer to the back of the book. To print out the accounts, go to Wingate annual report.

• Wingate 5 yr financials is a spreadsheet with the P&L, balance sheet and cash flow statements and all the ratios for five years.

Under Other resources, I plan to put some other things that you might find useful in furthering your understanding of accounting. Hopefully, I will get to this eventually.

Do let me know if there’s anything else I could put on here that would help. Equally, if you have any feedback on the book or this website, please don’t hesitate : Contact me