Does anyone have a readable financial accounting book or other source that they can recommend? I'm looking for something that would help with understanding the basics of investment banking and FA in general, so preferably not something super in-depth.
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Ah, looking to get a grip on the financial accounting jungle, are we? Well, based on the most helpful WSO content, I'd swing you towards "Financial Modeling" by Simon Benninga. It's a treasure trove for understanding the basics and it's quite popular among the finance crowd. It's not just about accounting, but it'll give you a solid foundation in the financial analysis you'll need in investment banking.
Now, if you're hunting for something that's more accounting-focused and less about modeling, "Accounting Made Simple" by Mike Piper has been praised for its clarity and simplicity. It's not listed in the WSO threads, but it's a gem for beginners who want to understand the basics without getting lost in the weeds.
Remember, understanding the language of accounting is key in the world of finance, so kudos for tackling it head-on! Keep in mind, the WSO Elite Package also offers financial modeling courses that could complement your reading and give you a practical edge. Swing through those financial statements like a pro in no time!
Sources: Best accounting books or courses for stock investors, Books You Recommend, Advice for an ex-IB MD: What to read if you want to go into finance, Best resources to learn more about Finance & Investment Banking, Asset Management vs Investment Banking 101
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