Tired of trying to figure out how accounting transactions impact all 3 financial statements? Is that an increase in liabilities? How is the statement of cash flows impacted? Does that transaction hit the income statement? Your worries and fatigue are over.
In this new text, Brian K. Lee makes the less obvious extremely obvious. Building off the power of mind maps used in his own learning experiences and professional certification exam victories, his colorful blackboard mind maps distinctly connect-the-dots between the financial statements' linkages and relationships.
Gone is the rigidity found in standard financial accounting texts that display financial statements in boring, tabular format. It is no surprise that financial statement linkages and impacts are literally 'buried in the numbers.' Navigating the forest of mazes is no simple chore – until now.
Proven Concept in Action
Easy to read and decipher mind maps encourage simple critical thinking skills that supplant most all rote memorization. Use of a single, tiny formula opens the doors to a wealth of knowledge relative to deferred income taxes – a topic covered in the book and a source of angst for many. Brian personally used this one formula relative to his own CFA exam related deferred income tax problems and walked away laughing – literally. While 65% of the 50,000 global CFA exam candidates failed that particular exam, Brian finished it with massive ease in only 4 of the allotted 6 hours. His secret – great preparation coupled with simple to understand mind maps. His secret is out.
Go beyond the financial accounting texts and truly understand the flow of accounting transactions through each of the financial statements. Sufficient examples are covered to allow the reader to easily apply the same concepts to a host of other applications and situations as well as other accounting scenarios.
Up your game. Make life easier on yourself. Make this book your own. Engage your mind for complete understanding, and make rote memorization a thing of the past.
From the same guy whose former high school and college classmates vied for a copy of his personal study notes for 'the exam' comes his amazingly simple to comprehend financial accounting book.
Mind map your way to complete understanding, and ditch rote memorization.
