Financial Accounting [Hardcover]

Carl S. Warren (Author), James M. Reeve (Author), Philip E. Fess (Author)

Book Description

ISBN-10: 0324025394 | ISBN-13: 978-0324025392 | Publication Date: January 11, 2001 | Edition: 8th

FINANCIAL ACCOUNTING provides a solid foundation of accounting concepts with unique features to show how professionals can use accounting to understand business. FINANCIAL ACCOUNTING 8e, uses the preparation of financial statements as the framework for understanding what accounting is all about.

Editorial Reviews

Review

The authors give enough [EOC] material that the professor can do some of the exercises and problems in class for the students and still have enough problems and exercises to assign to the students for homework. The exercises and problems tie in nicely with the chapter material. They emphasize the important points the students need to know.

I find the Real World Notes to be especially useful. I often discuss them in class. I think it is quite useful to give the students something that they can relate to in the real world.

I especially like the "Special Activities" section. It allows me to integrate writing skills into the accounting class. It also gives the students insight into real companies that they are familiar with and how the chapter topics relate to the real world.

The Encore section is good and interesting. It provides an example of how critical thinking is used in accounting to make real decisions.

About the Author

Dr. Carl S. Warren is Professor Emeritus of Accounting at the University of Georgia, Athens. Dr. Warren has taught classes at the University of Georgia, University of Iowa, Michigan State University, and University of Chicago. He focused his teaching efforts on principles of accounting and auditing. Dr. Warren received his PhD from Michigan State University and his BBA and MA from the University of Iowa. During his career, Dr. Warren published numerous articles in professional journals, including THE ACCOUNTING REVIEW, JOURNAL OF ACCOUNTING RESEARCH, JOURNAL OF ACCOUNTANCY, THE CPA JOURNAL, and AUDITING: A JOURNAL OF PRACTICE AND THEORY. Dr. Warren has served on numerous committees of the American Accounting Association, the American Institute of Certified Public Accountants, and the Institute of Internal Auditors. He also has consulted with numerous companies and public accounting firms. His outside interests include playing handball, golfing, skiing, backpacking, and fly-fishing.

Dr. James M. Reeve is Professor Emeritus of Accounting and Information Management at the University of Tennessee. Professor Reeve taught as part of the accounting faculty for 25 years after graduating with his PhD from Oklahoma State University. His teaching effort focused on undergraduate accounting principles and graduate education in the Master of Accountancy and Senior Executive MBA programs. Beyond this, Professor Reeve is very active in the Supply Chain Certification program, which is a major executive education and research effort of the college. His research interests are varied and include work in managerial accounting, supply chain management, lean manufacturing, and information management. He has published over 40 articles in academic and professional journals, including JOURNAL OF COST MANAGEMENT, JOURNAL OF MANAGEMENT ACCOUNTING RESEARCH, ACCOUNTING REVIEW, MANAGEMENT ACCOUNTING QUARTERLY, SUPPLY CHAIN MANAGEMENT REVIEW, and ACCOUNTING HORIZONS. He has consulted or provided training around the world for a variety of organizations, including Boeing, Procter & Gamble, Norfolk Southern, Hershey Foods, Coca-Cola, and Sony. When not writing books, Professor Reeve plays golf and is involved in faith-based activities.

Dr. Philip E. Fess is the Arthur Andersen & Co. Alumni Professor of Accountancy Emeritus at the University of Illinois, Champaign-Urbana. He received his Ph.D. from the University of Illinois. Dr. Fess has been involved in writing textbooks for over twenty-five years, and his knowledge of how to make texts user-friendly is reflected on the pages of this edition. Dr. Fess plays golf and tennis, and he has represented the United States in international tennis competition.

Product Details

• Hardcover: 800 pages
• Publisher: South-Western College Pub; 8th edition (January 11, 2001)
• Language: English
• ISBN-10: 0324025394
• ISBN-13: 978-0324025392
• Product Dimensions: 10.9 x 8.6 x 1.3 inches
• Shipping Weight: 4.2 pounds
• Average Customer Review: 3.9 out of 5 stars  See all reviews (32 customer reviews)
• Amazon Best Sellers Rank: #2,003,950 in Books (See Top 100 in Books)

Customer Reviews

Most Helpful Customer Reviews

14 of 16 people found the following review helpful:

4.0 out of 5 stars Well presented, but you need the study guide., October 24, 1999

By 

Andy Packard "Andy" (Denver, CO) - See all my reviews

This review is from: Financial Accounting: Concepts and Applications (Hardcover)

This book, actually two sold as one, has a ton of exercises, with NO useful answers--as though a ploy to force you to buy the study guide. On retrospect: buy the study guide if you hope to actually DO any exercises as part of your learning. (Note to autors: break this into the TWO books you know it is, and add the answers to the odd-numbered questions, eh?)

2 of 2 people found the following review helpful:

5.0 out of 5 stars Definitely a keeper! Two thumbs up!, June 20, 2010

By 

UAH Dirk "Dirk" (Alabama) - See all my reviews

This review is from: Financial Accounting, Reporting and Analysis (with 1-year Access to Thomson ONE, Business School Edition) (Hardcover)

I just started taking MBA classes, and Financial Accounting is one of my foundation classes. Our professor insisted in using the outdated version, although the latest edition would be not so much off, from what I heard.

I am half way through the book at this time, and so far I can say that it is a very well written, easy to read and understandable textbook. The reader is systematically introduced to the essentials of Financial Accounting. Being an engineer, the whole area used to be somewhat a book with seven seals for me, which seemlessly opens up now chapter by chapter.

The manifold examples and question sections at the end of each chapter help a lot to strengthen the just acquired knowledge. With a grain of salt, though, the book itself does not provide any solutions to the questions and examples.
I presume the book is not intended for self studies, but it could very well be, if the solutions would be available. Thank goodness, those were provided to us by our professor, so I assume there should be a teacher's version or a separate solutions book out there.

As soon as I finish the class I might come back to add more.

2 of 2 people found the following review helpful:

5.0 out of 5 stars a great introduction for accounting, September 21, 2007

By 

A. Alsubaiei (TX) - See all my reviews
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Amazon Verified Purchase

This review is from: Accounting: Concepts and Applications (Concepts & Applications) (Hardcover)

For people who don't know any thing about accounting (like me) this the book for you. it starts with the basic concept then explane the more diffecult one in the rest of the book.
eventhough I didn't study all the book however what I have taken was great