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Who We Are:

Providers of Basic Financial Accounting Content

Worthy and James Publishing is a company created from the concept that introductory financial accounting and related learning resources should and can be made available at moderate cost without sacrificing academic-quality, comprehensive content. This means content that is clearly written, addresses different learning styles, contains extensive practice with detailed solutions, and includes all necessary ancillary materials required for an introductory study of financial accounting.

If you are a student, accounting staff employee, accounting or non-accounting manager, entrepreneur, investor, job seeker, teacher, or information resource professional, we think that you will find our resources to be of interest. These resources include innovative book publications and special purpose reports for accounting self-study, and basic accounting and essential business math assessment systems. The links above will guide you to learning resource details.

Photo of balance sheet.

What is Basic Accounting Content?

Basic accounting education consists of two fundamental elements:

  • learning to prepare accounting information
  • learning to use accounting information

Preparing accounting information requires an understanding of the complete accounting cycle, which in turn means developing good skills in event (transaction) analysis, recording in a traditional accounting system (use of debits and credits, journals, ledgers), periodically adjusting and closing the accounting records, and the ability to correctly apply generally accepted accounting principles (GAAP) throughout the process. The culmination of these skills is the ability to prepare financial statements that properly and fairly report financial condition and the results of operations.

Learning to use accounting information means developing the ability to interpret and apply financial information, particularly as reported in financial statements such as the balance sheet, income statement, statement of owner’s or stockholders’ equity, and statement of cash flows. For example, using financial ratios to analyze key relationships in the balance sheet and income statement is an important skill. The ability to properly prepare accounting information (above) greatly enhances the ability to use accounting information; in fact, both skills are mutually reinforcing and intimately related. A complete introduction to financial accounting develops both of these skills.

Finally, two key components of basic accounting education always require inclusion in the accounting skillset:

  • The ability to understand and apply a system of internal control (a process that helps safeguard assets from theft and error — for example, preparing a bank reconciliation)
  • An appreciation of the importance of high ethical standards that ensure reliable and fair reporting (without which, accounting would have little practical use.)

Introductory Accounting Education

Forum for Learning Accounting Principles

Learning is a lot more fun when we can share what we know with others. Both students and educators may enjoy a visit to the Professor’s Office for discussions about teaching methods and tools, study techniques, and other practical academic topics.

The Professor’s Office

Illustration of a professor.

Math in Accounting? Not As Much as You Think

Everyone has heard that accounting is all about numbers or sometimes that you should have a lot of math to take accounting. Unfortunately, for many people, just the mention of the word “numbers” can elicit childhood memories of struggling with long division and fractions or putting off that geometry homework, and later avoiding math in general as much as possible. Usually this is the result of a few bad experiences in elementary or high school. For accounting students, the unfortunate result of this is that some students are all too ready to be discouraged before even beginning an accounting class and learning what accounting is all about, and why it is so important in business.

Photo of lecture hall.

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Worthy & James Publishing is a provider of basic accounting books covering fundamental accounting principles, business accounting, and business math. Topics in financial accounting and business accounting covered include generally accepted accounting principles (GAAP), the accounting cycle needed to prepare financial statements such as the balance sheet, income statement, statement of cash flows, statement of stockholders’ equity, and financial statement analysis using ratios and other procedures. Internal control and cash budgets are included.

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