‘Debited, Credited and Accounted: Bridging Human Behavior and Accounting’ by Maria Victoria Q. Caparas

REVIEW

Some of you might know that recently I changed career path. While I was trying to decide what my next step should be, I considered the odds of landing a job as an accountant. You see, both of my parents are accountants.

It was then when I came across to ‘Debited, Credited and Accounted: Bridging Human Behavior and Accounting’ by Maria Victoria Q. Caparas.

This is not a cold text book! Not at all!

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Author Maria Victoria Q. Caparas shares some personal stories creating a connection with her readers. I felt like she was talking to me personally. I guess this has to do with her approach to teaching.

“The beauty of a field project is that the students are open to all sorts of responses—positive, negative or indifferent,” she notes.

The author starts with why accountants are important in business.

“Undeniably, there is no business that can survive without an accountant to provide the necessary information for management decisions,” she writes.

And then she continues with two basic rules of accounting:

“Assets = Liabilities + Owner’s Equity” and “Debit always equals credit”.

Then Ms Caparas helps us understand what ‘Bank reconciliation” is, how important to prepare a trial balance at any time during the year is and explains that “in accounting, a liability is a debt”.

All examples used are clever and original. Would you ever expect that ‘Lord of the Ring’ would help you understand accountings? Would you ever match the ever favorite ‘that’s gross’ expression up with wages or salaries? Or the purgatory with exams?

Overall ‘Debited, Credited and Accounted: Bridging Human Behavior and Accounting’ is a useful asset to those with an interest in accounting.

As for me, I don’t think I could ever make a successful accountant. Unfortunately, everything that has to do with numbers is just Greek to me…

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Book description

Available in Amazon (amazon.com, createspace.com and kindle store)

There is no business that can survive without an accountant to provide the necessary information for management decisions. But as a useful tool, accounting has its obvious limitations that are keenly perceived more by the non-accountants. To wit, the business cannot thrive with it only as a trade tool. It cannot measure and record everything that sustains a business. And although the debits might equal the credits, the employees may be highly dissatisfied. Debited, Credited and Accounted exalts accounting’s strengths while pointing out its weaknesses. Using real-life examples, the author proposes a bridge between accounting and human behavior, thus enriching both the hard and soft sides of business. For business students, the book promises to make accounting concepts less frighteningly technical and more down-to-earth. For accounting professionals, Debited, Credited and Accounted offers a light way to extend their specialized knowledge to an equally challenging business facet of managing human behavior.

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