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Financial Accounting Hardcover – November 23, 2005

ISBN-13: 978-0072931174 ISBN-10: 0072931175 Edition: 5th

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Financial Accounting
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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: 3.9 out of 5 stars  See all reviews (29 customer reviews)
  • Amazon Best Sellers Rank: #1,492,041 in Books (See Top 100 in Books)

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.

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Customer Reviews

3.9 out of 5 stars
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Most Helpful Customer Reviews

10 of 10 people found the following review helpful By Luke Klein on April 16, 2006
Format: Hardcover
This good is very helpful, both graphically and technically. I does a great job of explaining everything in plain english and reenforcing those lesson with real world experience. The one complain i have is that there is no answer key so that I can verify my answer (after all, one slip up can effect every following financial document).

HEY LIBBY, LIBBY, AND SHORT! If you can hear me, quit trying to "force the readers to learn." If they want to cheat and not understand the material, then let them get fired from their jobs in five years for not knowing how to do their jobs. The rest of us hard working students are left scratching our heads, wondering if the work we did was correct. INCLUDE AN ANSWER KEY.

otherwise, it's great.
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8 of 8 people found the following review helpful By Geert Anthonis on January 10, 1999
Format: 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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7 of 7 people found the following review helpful By Michael P. Toothman, PMP on April 3, 2001
Format: 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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3 of 3 people found the following review helpful By Merry One on January 3, 2007
Format: Hardcover Verified Purchase
I used this book in a financial accounting course, and found it to be very useful. The examples make some concepts easier to understand, and the real life examples are good experience for students trying to make the connection between the classroom concepts and the real world. The questions at the end of each chapter are very thorough. My teacher would assign a dozen or so, and it would take a few hours to do them all. They have a good mix of short answer definitions, multiple choice, and general accounting problems that help you understand all of the concepts. There are also questions that use real world financial statements in the appendix. Overall the book is easy to understand for someone who is new to accounting. It would often clarify the concepts that I didn't quite understand in class. Key concepts are listed in the margins, which helps for tests.
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3 of 4 people found the following review helpful By A Customer on February 19, 1998
Format: 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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4 of 6 people found the following review helpful By wes butler on January 19, 2002
Format: Hardcover
i realize that a review of a textbook is somewhat of a moot point. after all, you have to buy the book that the professor tells you to buy. but, here it is anyway:
the book was average in every sense of the word. the one thing i did not like about it was that it did not highlight every new word or phrase and define it. only about half of the new words or phrases were highlighted in a text box next to the paragraph. this means that if you were searching for a word or phrase, if it was not noted in the margin, then it was very difficult to find it. this is fairly typical of textbooks, so i figured it was average.
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By oliver on April 3, 2014
Format: Hardcover Verified Purchase
the book is in good condition just as it is described, and the shipping is fast. this edition cover most of the content of the newer edition.
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By ES on March 24, 2014
Format: Hardcover Verified Purchase
Everything you could possibly want to learn in the world of accounting is in this book and will better prepare you for the accounting world.
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