Martin Luther King, Jr. inspired the nation when he gave his famous “I have a Dream” speech. This speech is credited with eventually prompting the civil rights act in 1964. This is why we celebrate today. To hear the inspiring words in Mr. King’s own voice, visit:

http://www.thekingcenter.org/index.asp

Think what a difference you could make if you also follow your dream. So what is your dream?

The Accounting Game, 2E: Basic Accounting Fresh from the Lemonade Stand
The Accounting Game is a wonderful book for individuals trying to learn basic accounting.  It beautifully explains the equation Assets = Liabilities + Owners Equity.  It illustrates the concepts using a child’s lemonade stand as the model.

I purchased the book to see if it could help me explain some accounting principles to clients.  I use one concept taught by Mullis and Orloff frequently as a way to help clients better understand bookkeeping.  The analogy that turns the light on is: Assets are things a business owns.  Liabilities and equity are who owns them.  It was a very simple explanation that has helped quite a few of my clients.

The book is really fun to read and easy to understand and useful up until about Chapter 7; then it gets a bit convoluted by adding the Cash Statement.  I highly recommend this book to anyone who wants a good understanding of bookkeeping.  If you read the book and start to get confused, just stop after Chapter 6 and you will have a better understanding than most small business owners of Balance Sheets and Income Statements.