This is a nicely laid out book but lets the trees obscure the forest. It tells all about the bookkeeping cycle up front, but it's only on page 123 that it tells you what the income statement is. And then it makes the mistake that many books of its type do and which causes great confusion, declaring that revenue is "money received", which it isn't. Money is money. Revenue is activity. There are a lot of topics covered, which makes the book useful for people who've already grasped the fundamentals. But, starting at 'level 2' rather than 'zero', it's not for first timers.