Learning Accounting Reveals Businesses... How to Master Financial Statements

Book <Hamateomyeon Tto Hoegyereul Moreugo Ilhal Ppeonhaetda!>
Written by Kim Suhyun and Lee Jaehong

'Almost Worked Without Knowing Accounting Again!' Cover. / About Books

[Asia Economy Reporter Kang Juhee] "Companies record everything through accounting. Without understanding accounting, the more you work, the deeper your worries will become." The problem is that when you actually try to learn accounting, encountering difficult accounting terms makes you want to close the book immediately. Terms like 'gamgasanggak' (depreciation), 'sonsangchasun' (impairment loss), and 'daesonchungdanggeum' (allowance for doubtful accounts) are clearly Korean words, yet they feel like reading a foreign language.

For beginners who have been repeatedly opening and closing accounting books for years, the bestselling accounting book "I Almost Worked Without Knowing Accounting!" has returned with essential accounting knowledge. Especially, the new edition includes tailored knowledge for those who jumped into investing without preparation amid the stock investment craze.

The book covers useful cases for stock investors, such as the story of an investor who threw away stocks due to not knowing the unique accounting treatment characteristics of contract work, issues with inventory accounting that even reporters often misunderstand and produce faulty analysis articles about, the differing accounting treatments of LG and SK regarding a 1 trillion won settlement, how to detect corporate crisis signals through audit reports, and finding undervalued stocks through accounting. It explains basic accounting principles and their variations in different situations clearly through easy-to-understand illustrations and appropriate examples.

The influence of accounting in the business world is extensive. It is no exaggeration to say that accounting knowledge has become essential regardless of the company or job role. The authors emphasize that accounting is a qualification that office workers and job seekers can use to differentiate themselves in the company. The goal of learning accounting ultimately leads to reading a company's financial statements, which contain almost everything about the company.

For stock investors, analyzing a company's financial statements is especially essential. Financial statements reflect the current issues and future prospects of a company in numbers. By reviewing them, investors can develop insight and wisdom to decide whether to invest. In other words, the authors stress that accounting is the "language of business" and the "language of management."

Written by Kim Suheon and Lee Jaehong | About Book | 458 pages | 20,000 KRW