Financial Accounting: An Introduction to Concepts, Methods, and Uses [Hardcover]

Clyde P. Stickney (Author), Roman L. Weil (Author)

Book Description

ISBN-10: 0324183518 | ISBN-13: 978-0324183511 | Publication Date: July 2, 2002 | Edition: 10

This widely respected financial accounting text captures the predominant market share among graduate, MBA, and better undergraduate programs. It focuses on presenting, with great clarity, both the basic concepts underlying financial statements and the terminology and methods that allow students to interpret, analyze, and evaluate actual corporate financial statements.

Editorial Reviews

About the Author

Clyde P. Stickney is the Signal Companies Professor of Management at the Amos Tuck School of Business Administration, Dartmouth College. He received his doctoral degree from Florida State University and served on the faculties of the University of Chicago and the University of North Carolina at Chapel Hill before joining the faculty of the Tuck School in 1977. He has also taught at the International University of Japan, Swinburne Institute of Technology, and Helsinki School of Economics and Business Administration. Professor Stickney's teaching and research interests center around the interpretation and analysis of financial statements. Recent research has examined the impact of different accounting principles on U.S. versus Japanese price-earnings ratios, the use of financial statement ratios to infer the content and to evaluate the success of corporate-level strategies. He has authored and co-authored books on financial accounting, managerial accounting, and financial statement analysis. Professor Stickney is a member of the American Accounting Association.

Roman L. Weil, Ph.D., CMA, CPA, is the V. Duane Rath Professor of Accounting at the Graduate School of Business at the University of Chicago. Dr. Weil received his Ph.D. from Carnegie-Mellon University. He has served on the accrediting committee of the American Association of Collegiate Schools of Business. He has also designed and implemented continuing education programs for partners at the accounting firms of Arthur Andersen and Price Waterhouse as well as for employees at Montgomery Wards. Dr. Weil has co-authored dozens of books. His articles have appeared in Barron's and The Wall Street Journal. Over 80 articles of Dr. Weil's have been published in academic and professional journals. Dr. Weil is a member of the American Accounting Association, The American Economics Association, and the American Institute of Certified Public Accountants. He has served on the Securities and Exchange Commission Advisory Committee on Replacement Cost Accounting and the Financial Accounting Standards Advisory Council.

Product Details

• Hardcover: 992 pages
• Publisher: South-Western College Pub; 10 edition (July 2, 2002)
• Language: English
• ISBN-10: 0324183518
• ISBN-13: 978-0324183511
• Product Dimensions: 10 x 8.4 x 1.4 inches
• Shipping Weight: 4.2 pounds
• Average Customer Review: 2.6 out of 5 stars  See all reviews (11 customer reviews)
• Amazon Best Sellers Rank: #159,296 in Books (See Top 100 in Books)

Customer Reviews

Most Helpful Customer Reviews

21 of 22 people found the following review helpful:

3.0 out of 5 stars Overly complex, May 16, 2004

By A Customer

This review is from: Financial Accounting: An Introduction to Concepts, Methods, and Uses (Hardcover)

This was the first accounting book I've ever read when I took my very first accounting class at my graduate business school. For those who are new to accounting, this is not at all a good introduction. The authors simply inundate the reader with a plethora of information which is way too wordy and unnecessary at the beginning level. The authors seem more concerned about leaving nothing out in their writing as opposed to teaching the readers about the basics of the balance sheet, income statement, cash flows, inventory valuations, etc. It almost gets to the point in which I suspect the authors are simply showing off what they know as opposed to genuinely understanding that a reader like me has no previous accounting background. The chapter contents are not too logically organized and the explanation of concepts are excessive and unnecessarily complex. The authors seems to forget that when it comes to teaching accounting to someone who has never took accounting before, they should keep the concepts as basic as possible before going onto more in-detail discussions. The authors does the exact opposite and explains the accounting concepts from the intermediate point of view first, leaving the reader to come up with his own interpretation of what the basics should be. This is a complete waste of time for the reader, for all students would prefer that the authors get right to the point, directly and clearly, about how to construct a balance sheet, income statement, etc. The good thing about this book are the highlighted study problems presented in each chapter. The questions are useful and stimulate good application thinking, and the answers provided are an adequate explanation of how the questions should be answered. Unfortunately, the authors don't include enough of these study problems. If they had expanded upon these study problems and made them more comprehensive to the relevant chapter material, this book would have been a much more stronger teaching tool. Instead, we have an unnecessarily complex and not too organized textbook which is not really adequate for the beginning accounting student. Most of my fellow classmates did not enjoy reading this book and felt that it is an unsatisfactory way to be introduced to the world of accounting.

7 of 8 people found the following review helpful:

4.0 out of 5 stars What do you expect from an accounting book???, November 19, 2005

By 

Thomas Jefferson "Constitution Lover" (Franklin, MA USA) - See all my reviews

This review is from: Financial Accounting: An Introduction to Concepts, Methods, and Uses (Hardcover)

Having never taken an accounting class before, I didn't know what to expect. This was the text assigned for my first accounting class in an MBA program at an elite Northeastern Business School. It is a pretty straight-forward read. Let's face it, accounting is a subject full of jargon that you MUST learn. It is just one of those subjects.

The text had ample exercises and was fairly easy to read. However, you must be able to have an attention span greater than 5 minutes to be able to read this book.

11 of 14 people found the following review helpful:

1.0 out of 5 stars Don't waste your money, June 22, 2004

By 

"bostontubbs" (Boston, MA) - See all my reviews

This review is from: Financial Accounting: An Introduction to Concepts, Methods, and Uses (Hardcover)

If I could burn this book, I would. It is that bad. For an "Introduction" book used in an intro MBA class where most accounting types have already tested out of the class it is overly complex and confusing to the layman. Wordy beyond belief. The only redeeming feature is its ability to put you to sleep. Keep it on the bed stand.