Fundamentals of Financial Accounting, presents an engaging, balanced, and appropriately paced analysis of the fundamentals of financial accounting. Its conversational writing style makes it easy to read and understand, while the selection of real focus companies reinforces the relevance of accounting by introducing students to accounting and business activities in the context of their favorite companies. Balance between preparer and user orientations is achieved throughout the book, by studying both the accounting activities that take place inside the company, as well as evaluating their impact on decisions, and users outside the company. Topic coverage is paced appropriately for students new to accounting, and is thoroughly reinforced every step of the way with an ample variety of innovative pedagogical tools. Clearly understandable, relevant, and accessible, Fundamentals of Financial Accounting is simply the most student-friendly financial book on the market and provides the tools for students to grasp financial accounting from the ground up.
About the Author
Fred Phillips is a Professor and the George C. Baxter Chartered Accountants of Saskatchewan Scholar at the University of Saskatchewan, where he teaches introductory financial accounting. He also has taught introductory accounting at the University of Texas at Austin and the University of Manitoba. Fred has an undergraduate accounting degree, a professional accounting designation, and a PhD from the University of Texas at Austin. He previously worked as an audit manager at KPMG. Fred's main interest is accounting education. He has won eight teaching awards, including two national case-writing competitions. He has published instructional cases and numerous articles in journals like Issues in Accounting Education, Journal of Accounting Research, and Organizational Behavior and Human Decision Processes. Fred currently serves as an associate editor of Issues in Accounting Education, and he is a member of the Teaching & Curriculum and Two-Year College sections of the American Accounting Association. In his spare time, he likes to work out, play video games, and drink iced cappuccino.
Robert Libby is the David A. Thomas Professor of Management at the Johnson Graduate School of Management at Cornell University, where he teaches the introductory financial accounting course. He previously taught at the University of Illinois, Pennsylvania State University, University of Texas at Austin, University of Chicago, and University of Michigan. He received his B.S. from Pennsylvania State University and his M.A.S. and Ph.D. from the University of Illinois; he is also a CPA. Bob is a widely published author specializing in behavioral accounting. He was selected as the AAA Outstanding Educator in 2000. His prior text, Accounting and Human Information Processing (Prentice Hall, 1981), was awarded the AICPA/AAA Notable Contributions to the Accounting Literature Award. He received this award again in 1996 for a paper. He has published numerous articles in the Journal of Accounting Research; Accounting, Organizations, and Society; and other accounting journals. He is past Vice President-Publications of the American Accounting Association and is a member of the American Institute of CPAs and the editorial boards of The Accounting Review; Accounting, Organizations, and Society; Journal of Accounting Literature; and Journal of Behavioral Decision Making.
Patricia Libby is Chair of the Department of Accounting and Associate Professor of Accounting at Ithaca College, where she teaches the undergraduate financial accounting course. She previously taught graduate and undergraduate financial accounting at Eastern Michigan University and the University of Texas. Before entering academe, she was an auditor with Price Waterhouse (now PricewaterhouseCoopers) and a financial administrator at the University of Chicago. She received her B.S. from Pennsylvania State University, her M.B.A. from DePaul University, and her Ph.D. from the University of Michigan; she is also a CPA. Pat conducts research on using cases in the introductory course and other parts of the accounting curriculum. She has published articles in The Accounting Review, Issues in Accounting Education, and The Michigan CPA. She has also conducted seminars nation-wide on active learning strategies, including cooperative learning methods.
I purchased this text for use in my Introduction to Accounting class the second time I took it. The prior semester I had registered for the same class and used a prior edition. This one was much easier to read. I learned more and did better in the class in part because of how user friendly it was. I am saying this despite the fact I was unhappy at being unable to reuse the prior version of the textbook. The change in layout made more sense. With all due respect to accountants, I am giving this product four stars because it improved on the two to three star experience with the prior text. I still found that the text book did not sufficiently cover all of the necessary information. I was using this book and the internet to understand concepts.
I also was required to do problems online which I believe was an additional tool offered by the publisher. I liked this text better and the exercise interface on the prior version. So, the prior version online exercises with this textbook would have been five stars in my book. Ultimately, if you are reading this review, you are probably in no position to choose your textbook anyway. Do the exercises on the website. If your professor does not offer this option, ask for it. You will better understand the concepts in the textbook. If you professor says "no", find out if you can "opt in". It is better worth your time and money than the textbook alone.
While all of my friends in my accounting textbook bought this same exact textbook (some in worse condition) at the campus bookstore, I decided to buy this textbook along with the access code on Amazon. I spent about 1/4th the price of my friends for the same exact textbook. Would rather buy here and save money for the same thing any day of the week!
Product Details :
- Hardcover: 654 pages
- Publisher: McGraw-Hill/Irwin; 3 edition (January 11, 2010)
- Language: English
- ISBN-10: 0077344936
- ISBN-13: 978-0077344931
- Product Dimensions: 1.2 x 8.7 x 11 inches
More Details about Fundamentals of Financial Accounting with Annual Report, 3rd Edition
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