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Financial Accounting: An Introduction to Concepts, Methods and Uses Hardcover – February 25, 2009

ISBN-13: 978-0324651140 ISBN-10: 0324651147 Edition: 13th

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Product Details

  • Hardcover: 960 pages
  • Publisher: Cengage Learning; 13 edition (February 25, 2009)
  • Language: English
  • ISBN-10: 0324651147
  • ISBN-13: 978-0324651140
  • Product Dimensions: 1.3 x 8.5 x 10.9 inches
  • Shipping Weight: 4.2 pounds
  • Average Customer Review: 2.8 out of 5 stars  See all reviews (45 customer reviews)
  • Amazon Best Sellers Rank: #74,154 in Books (See Top 100 in Books)

Editorial Reviews

Review

"I very much like the [transaction] format and I think students find it intuitive. It does a nice job of highlighting the preservation of the balance sheet identity as transactions are recorded."

"I like the book's emphasis on the accounting process and the use of journal entries / T-accounts for representing transactions. It is for precisely this emphasis that we continue to prescribe this textbook."

"Generally I like this text very much. It is easy to read (never complaints from my students) and it is at a slightly more advanced level than most other introductory texts, making it perfect for an MBA program that wishes to teach or have the option to touch on one or more of these more advanced topics."

About the Author

Clyde P. Stickney is the Signal Companies' Professor of Management, Emeritus at the Amos Tuck School of Business Administration, Dartmouth College. He received his DBA from Florida State University and taught at the University of Chicago and the University of North Carolina at Chapel Hill before joining the Tuck School in 1977. He has also taught at business schools in Japan, Australia, Finland, and Germany. Prof. Stickney has authored and coauthored books on financial accounting, managerial accounting, and financial statement analysis.

Roman L. Weil, Ph.D., CPA, is the V. Duane Rath Professor Emeritus of Accounting at the University of Chicago and has within recent years been Visiting Professor at the Haas School of the University of California, Berkeley; Carnegie Mellon University; Harvard Law School; Princeton University; and New York University. He has designed and implemented continuing education programs for partners at two of the large accounting firms and for employees at several operating corporations. Dr. Weil has co-authored dozens of books. His lay articles have appeared in Barron's and The Wall Street Journal. He has published more than 80 articles in academic and professional journals, most recently on financial literacy for corporate governance and on the exposure of wine snobbery.

Katherine Schipper is the Thomas F. Keller Professor of Accounting at the Duke University, Fuqua School of Business. She is a former Board member of the Financial Accounting Standards Board (FASB), a past president of the American Accounting Association and a winner of its Outstanding Educator award, and a member of the Accounting Hall of Fame.

Jennifer Francis is the Douglas and Josie Breeden Doctoral Professor of Accounting and Senior Associate Dean for Faculty at the Duke University Fuqua School of Business. Her research and teaching expertise in financial reporting, equity valuation, and security analysts' role in the capital markets has led to over a dozen teaching awards.

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Customer Reviews

It's very poorly written, in very confusing style.
Dean B. Shaffer
This book is one of the most terrible and worthless MBA textbooks I've had.
S. Olson
The title pretty much sums it up, I think this book is pretty bad.
T. Toker

Most Helpful Customer Reviews

44 of 45 people found the following review helpful By Dean B. Shaffer on October 31, 2009
Format: Hardcover
One of the least useful textbooks I've ever read; I learned next to nothing from it. It's very poorly written, in very confusing style. Samples are placed several pages away from where they are referred to. As another reviewer stated, the authors don't explain much of anything -- it's like watching an expert accountant quickly burn through his work, then ask you if you understood everything you saw him do. The problems aren't very enlightening, either: instead of focusing on building up the basics, they seem to prefer to focus on special cases, so you're thoroughly confused about what to do in the normal case.

Yes, there are good reviews, but notice that two are commenting only on shipping speed, and the other was from a guy trying to sell his copy. I won't inflict my copy on anyone else, because I'd rather destroy it.
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25 of 26 people found the following review helpful By A Customer on May 16, 2004
Format: 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.Read more ›
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18 of 18 people found the following review helpful By B. Downs on January 10, 2010
Format: Hardcover
This textbook is written terribly. Each chapter seems to refer to multiple concepts, with little to no explanation of the concepts besides "We will cover that concept in X chapter". Chapter 1 refers to nearly every other chapter, Chapter 2 refers to nearly every other chapter, (Including Chapter 1??) Chapter 3 refers to every other chapter, (Including chapters 1 and 2) etc etc. Each chapter seems to read like the introductory chapter. The content organization of the book makes me think the authors decided how to break each "topic" down, then wrote that topic while referring to the (not yet written) other "topic" sections. The "topics" then were assigned chapters based on how they thought information flow should go. The problem is, there is NO buildup of knowledge as every chapter reads like it *should* be the last chapter in the book since it assumes you know all of the other concepts it refers to in every other chapter. (Which of course you do not)

The book also, despite saying it will focus on only two companies in chapter 1, constantly jumps into different companies financial information. This seems to only confuse, not help understanding.

As other reviewers stated, the book does very little explaining, and mostly stating. I found the review which mentioned watching an expert accountant fly through the work they do daily and expecting you to understand it right on. To say this book is hard to pay attention to, and hard to comprehend is a drastic understatement.

This book is one of the most terrible MBA textbooks I've had. If it didn't cost so much (and therefor be worth more to sell back) I'd burn it too.
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15 of 16 people found the following review helpful By esther on October 10, 2009
Format: Hardcover Verified Purchase
It is a very detail oriented book and you have to read every single sentence. Everything is stated, not much is explained. The reader gets lost in all the statements and tables. The probelms are annoying and like playing meaningless puzzles. One gets the feeling that the authors want to trick you rather than effectively teach the material.

I wish the authors would have explained all the concepts step by step, but they go over the material again and again in a spiral fashion. I find this approach rather confusing and would have hoped for a more gradual approach of logically building up knowledge.

If you are a detail oriented person you might like this book, but if you are a grand-picture thinker you get terribly lost. The storyline is missing.

I find this book one of the hardest books to follow. I can read general relativity books and solve Einstein's equations, but the way the material is presented here makes Einstein's work sound really easy.
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