Ideal for graduate, MBA, and higher-level undergraduate programs, FINANCIAL ACCOUNTING: AN INTRODUCTION TO CONCEPTS, METHODS, AND USES presents both the basic concepts underlying financial statements and the terminology and methods that allows the reader to interpret, analyze, and evaluate actual corporate financial statements. Fully integrated with the latest International Financial Reporting Standards, inclusion of the latest developments on Fair Value Accounting, and coverage of the Codification of US GAAP, this text provides the highest return on your financial accounting course investment
Financial Accounting
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"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."
"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."
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Most Helpful Customer Reviews
32 of 33 people found the following review helpful:
1.0 out of 5 stars
Just awful,
By
This review is from: Financial Accounting: An Introduction to Concepts, Methods and Uses (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.
15 of 15 people found the following review helpful:
1.0 out of 5 stars
Terrible book,
This review is from: Financial Accounting: An Introduction to Concepts, Methods and Uses (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.
13 of 14 people found the following review helpful:
1.0 out of 5 stars
worst text book ever,
By esther "esther" (Medford, MA, United States) - See all my reviews
Amazon Verified Purchase(What's this?)
This review is from: Financial Accounting: An Introduction to Concepts, Methods and Uses (Hardcover)
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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Inside This Book
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Key Phrases - Statistically Improbable Phrases (SIPs):
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retained earnings, marketable securities, accumulated depreciation, merchandise inventory, bad debt expense, capital contributions, prepaid rent, warranty liability, intercorporate investments, deferred gross margin, prepaid insurance, unrealized holding gain, financial statement analysis, customer finance, turf maintenance, senior notes, actuarial loss, income recognition, intangible assets, derivative instruments, compensation expense, business combinations, interest coverage ratio, realized gain, restructuring liability Key Phrases - Capitalized Phrases (CAPs): (learn more)
All Rights Reserved, Cengage Learning, Accounts Receivable, Additional Paid-in Capital, Accounts Payable, Total Assets, Codification Topic, Sales Revenue, Steele Corporation, International Accounting Standards Board, Total Liabilities, United States, Bonds Payable, Target Corporation, Total Current Assets, Total Current Liabilities, Powell Corporation, End of Year, Beginning of Year, Ellwood Corporation, Retirement Benefits, Reporting the Effects, Miller Corporation, Shiraz Company, Finished Goods Inventory Browse Sample Pages:
Front Cover | Table of Contents | First Pages | Index | Surprise Me!
retained earnings, marketable securities, accumulated depreciation, merchandise inventory, bad debt expense, capital contributions, prepaid rent, warranty liability, intercorporate investments, deferred gross margin, prepaid insurance, unrealized holding gain, financial statement analysis, customer finance, turf maintenance, senior notes, actuarial loss, income recognition, intangible assets, derivative instruments, compensation expense, business combinations, interest coverage ratio, realized gain, restructuring liability Key Phrases - Capitalized Phrases (CAPs): (learn more)
All Rights Reserved, Cengage Learning, Accounts Receivable, Additional Paid-in Capital, Accounts Payable, Total Assets, Codification Topic, Sales Revenue, Steele Corporation, International Accounting Standards Board, Total Liabilities, United States, Bonds Payable, Target Corporation, Total Current Assets, Total Current Liabilities, Powell Corporation, End of Year, Beginning of Year, Ellwood Corporation, Retirement Benefits, Reporting the Effects, Miller Corporation, Shiraz Company, Finished Goods Inventory Browse Sample Pages:
Front Cover | Table of Contents | First Pages | Index | Surprise Me!
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