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Financial Accounting [Hardcover]

Robert Libby (Author), Patricia A. Libby (Author), Daniel G. Short (Author)
3.6 out of 5 stars  See all reviews (18 customer reviews)


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Book Description

0072447281 978-0072447286 September 2000 3rd Bk&Sg
Libby/Libby/Short wrote this text based on their belief that the subject of financial accounting is inherently interesting, but financial textbooks are often not. They believe most financial accounting textbooks fail to demonstrate that accounting is an exciting field of study and one that is important to future careers in business. When writing this text, they considered career relevance as their guide when selecting material, and the need to engage the student as their guide to style, pedagogy, and design. Libby/Libby/Short is the only financial accounting text to successfully implement a real-world, single focus company approach in every chapter. Students and instructors have responded very favorably to the use of focus companies and the real world financial statements. The companies chosen are interesting and the decision-making focus shows the relevance of financial accounting regardless of whether or not the student has chosen to major in accounting. This text has enjoyed tremendous success, and will continue to do so because of its timely, real world and relevant content, its solid pedagogical features, and its appropriate balance of innovative and traditional content.
--This text refers to an out of print or unavailable edition of this title.


Editorial Reviews

About the Author

Bob Libby is the David A. Thomas Professor of Management in the Johnson Graduate School of Management at Cornell University. He previously taught at the University of Chicago and the University of Michigan. He received his Ph.D. from the University of Illinois. Bob has a national reputation as a leading academician and is one of the top five behavioral accountants in North America. Bob teaches MBA and Executive MBA courses in Financial Accounting at Cornell. Please note: Bob Libby is teaching at Univ. of Texas at Austin through June 1, 1999. Pat Libby is an Associate Professor at Ithaca College. She received her Ph.D. from the University of Michigan. Her research activities focus on how to use cases in introductory accounting and on using Collaborative Learning techniques in the classroom. She teaches undergraduate introductory, intermediate, and advanced Financial Accounting at Ithaca. Dan Short is the Dean of the Richard T. Farmer School of Business at Miami University. Prior to that he was the Dean of the Business School at Kansas State University and prior to that he taught at the University of Texas-Austin and the University of Chicago. He received his Ph.D. from the University of Michigan. He has won numerous teaching awards during his career teaching both undergraduate and MBA financial accounting courses. --This text refers to an out of print or unavailable edition of this title.

Product Details

  • Hardcover
  • Publisher: Mcgraw-Hill College; 3rd Bk&Sg edition (September 2000)
  • Language: English
  • ISBN-10: 0072447281
  • ISBN-13: 978-0072447286
  • Average Customer Review: 3.6 out of 5 stars  See all reviews (18 customer reviews)
  • Amazon Best Sellers Rank: #9,179,143 in Books (See Top 100 in Books)

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Customer Reviews

18 Reviews
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2 star:
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Average Customer Review
3.6 out of 5 stars (18 customer reviews)
 
 
 
 
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7 of 7 people found the following review helpful:
5.0 out of 5 stars Basic Accounting in a Sparkling New Package, April 3, 2001
By 
This review is from: Financial Accounting (Hardcover)
The authors present the concept that Accounting is inherently interesting, yet the available textbooks are not. With this edition of Financial Accounting, they have done an excellent job of delivering a highly interesting, engaging and relevant text suitable for the serious student or the non-major.

The most useful aspect of this book is its ability to assist the reader in "thinking like an accountant". Each chapter, presented in building-block style, teaches you how to view real-world companies from several financial viewpoints. There is an emphasis placed on financial reporting and the analysis of financial statements which are interesting and very relevant to the outside business world.

The pace of the text is excellent and the pure accounting topics are interspersed with sidebars concerning ethics and international acccounting issues.

Especially appealing was the fact that the subject companies in the text were highly recognizable and the authors included background information about each one. I found this much more effective than presenting the reports of imaginary enterprises.

Whether you are an Accounting major or a non-major fulfilling a course requirement, you will find this text to be an interesting read and a valuable reference.

Perhaps you will discover like I did, surprisingly, that Accounting IS inherently interesting.

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7 of 7 people found the following review helpful:
5.0 out of 5 stars Lucid, intersting and easy to follow, January 10, 1999
By 
Geert Anthonis (Kaohsiung Taiwan) - See all my reviews
(REAL NAME)   
This review is from: Financial Accounting (Hardcover)
I am an engineer running a small company. Last year I bought an accounting package to keep better track of my business. Though the software is great the accompaning manuals are of no use and their concise introduction to accounting did make matters worse.

I have been looking at several accounting manuals but could not find one I could just sit down with and read on my own.

Well now I have found it. This manual is easy to read, clear and to the point and the real company examples make it interesting. After reading only two chapter I realized that the information that came with the accounting software put me totally on the wrong track.

I can recommend this book, manual very highly.

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3 of 4 people found the following review helpful:
5.0 out of 5 stars A book that can make even accounting interesting, February 20, 1998
By A Customer
This review is from: Financial Accounting (Hardcover)
The book is very well rounded and very helpful in introducing what might have been confusing subjects. Author brings in real life examples and raises questions of ethics in accounting. Graphic design is excellent and makes the book "look" interesting. No effort was spared to make this book graphically appealing. I recommend this book even to the non-accounting/business person. The lessons taught in chapters one thru four are essential for everyone to know in order to make sound economic choices.
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Inside This Book (learn more)
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First Sentence:
In January, Exeter Investors purchased Maxidrive Corp., a fast-growing manufacturer of personal computer disk drives, for $33 million. Read the first page
Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
focus company analysis, capital acquisitions ratio, give the journal entry, following capital stock, upper left menu, give the journal entries, short report comparing, financial leverage percentage, accounts payable turnover ratio, bond interest expense, similar accounting methods, store operating expenses, fixed asset turnover ratio, financial statement effects, trading securities portfolio, unadjusted balance, vacation liability, net unrealized gains, solutions that follow, much interest expense, operating activities section, investee earnings, treasury stock transactions, outstanding voting shares, market value method
Key Phrases - Capitalized Phrases (CAPs): (learn more)
Papa John, Home Depot, Dow Jones, Boston Beer, General Mills, Annual Report Cases, United States, American Eagle Outfitters, Finding Financial Information, Callaway Golf, Using Financial Reports, New York, Delta Air Lines, Topic Tackler, Terrific Lawn, Assets Current, Pizza Hut, The Wall Street Journal, American Bank, Few Cautions, Team Project, Accounting Trends, Federal Express, Multiple Choice Quiz, Student Center
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