Financial Accounting [Hardcover]

Robert Libby (Author), Patricia Libby (Author), Daniel G Short (Author)

Book Description

ISBN-10: 0072931175 | ISBN-13: 978-0072931174 | Publication Date: November 23, 2005 | Edition: 5

Libby/Libby/Short wrote this text based on their belief that the subject of financial accounting is inherently interesting, but financial accounting 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 engaging and the decision-making focus shows the relevance of financial accounting regardless of whether or not the student has chosen to major in accounting.

Editorial Reviews

About the Author

Robert Libby is the David A. Thomas Professor of Management at the Johnson Graduate School of Management at Cornell University, where he teaches the introductory financial accounting course. He previously taught at the University of Illinois, Pennsylvania State University, University of Texas at Austin, University of Chicago, and University of Michigan. He received his B.S. from Pennsylvania State University and his M.A.S. and Ph.D. from the University of Illinois; he is also a CPA. Bob is a widely published author specializing in behavioral accounting. He was selected as the AAA Outstanding Educator in 2000. His prior text, Accounting and Human Information Processing (Prentice Hall, 1981), was awarded the AICPA/AAA Notable Contributions to the Accounting Literature Award. He received this award again in 1996 for a paper. He has published numerous articles in the Journal of Accounting Research; Accounting, Organizations, and Society; and other accounting journals. He is past Vice President-Publications of the American Accounting Association and is a member of the American Institute of CPAs and the editorial boards of The Accounting Review; Accounting, Organizations, and Society; Journal of Accounting Literature; and Journal of Behavioral Decision Making.

Patricia Libby is Chair of the Department of Accounting and Associate Professor of Accounting at Ithaca College, where she teaches the undergraduate financial accounting course. She previously taught graduate and undergraduate financial accounting at Eastern Michigan University and the University of Texas. Before entering academe, she was an auditor with Price Waterhouse (now PricewaterhouseCoopers) and a financial administrator at the University of Chicago. She received her B.S. from Pennsylvania State University, her M.B.A. from DePaul University, and her Ph.D. from the University of Michigan; she is also a CPA. Pat conducts research on using cases in the introductory course and other parts of the accounting curriculum. She has published articles in The Accounting Review, Issues in Accounting Education, and The Michigan CPA. She has also conducted seminars nation-wide on active learning strategies, including cooperative learning methods.

Dan Short is the Dean of the M.J. Neeley School of Business at Texas Christian University in Fort Worth, TX. Prior to that he was Dean at Richard T. Farmer School of Business at Miami University and Dean of the Business School at Kansas State University. Before entering adminstration, Dan 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.

Product Details

• Hardcover: 896 pages
• Publisher: McGraw-Hill/Irwin; 5 edition (November 23, 2005)
• Language: English
• ISBN-10: 0072931175
• ISBN-13: 978-0072931174
• Product Dimensions: 11.1 x 8.7 x 1.3 inches
• Shipping Weight: 4.6 pounds
• Average Customer Review: 3.6 out of 5 stars  See all reviews (18 customer reviews)
• Amazon Best Sellers Rank: #620,118 in Books (See Top 100 in Books)

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Customer Reviews

Most Helpful Customer Reviews

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 

Michael P. Toothman, PMP (Los Angeles, CA USA) - See all my reviews

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.

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.

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.