Financial Accounting [Hardcover]

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

Book Description

ISBN-10: 0073208140 | ISBN-13: 978-0073208145 | Publication Date: November 30, 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: 756 pages
• Publisher: McGraw-Hill/Irwin; 5 edition (November 30, 2005)
• Language: English
• ISBN-10: 0073208140
• ISBN-13: 978-0073208145
• Product Dimensions: 11.1 x 8.8 x 1.2 inches
• Shipping Weight: 5 pounds (View shipping rates and policies)
• Average Customer Review: 3.9 out of 5 stars  See all reviews (14 customer reviews)
• Amazon Best Sellers Rank: #597,990 in Books (See Top 100 in Books)

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Customer Reviews

Most Helpful Customer Reviews

9 of 9 people found the following review helpful:

4.0 out of 5 stars As good as "financial accounting" is ever gonna get., April 16, 2006

By 

Luke Klein "Luker" (OC, CA) - See all my reviews
(REAL NAME)   

This review is from: Financial Accounting (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.

3 of 3 people found the following review helpful:

4.0 out of 5 stars Good book for entry level accounting, January 3, 2007

By 

Merry One (VA) - See all my reviews

This review is from: Financial Accounting (Hardcover)

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.

4.0 out of 5 stars A great accounting book, April 21, 2011

By 

Ke - See all my reviews

This review is from: Financial Accounting (Hardcover)

This book is a great book for students who have accounting major. Students will learn some basic financial accounting concepts from the book. Also, this book applies some real life cases to help us to understand the concepts better. For example, people will see Delta's annual report or Papa John's balance sheet in the book. And these real cases make the book more interesting.