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Fundamentals of Financial Accounting with Annual Report + Connect Plus Hardcover – March 8, 2010

ISBN-13: 978-0077398200 ISBN-10: 0077398203 Edition: 3rd

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Hardcover, March 8, 2010
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Product Details

  • Hardcover: 654 pages
  • Publisher: McGraw-Hill/Irwin; 3 edition (March 8, 2010)
  • Language: English
  • ISBN-10: 0077398203
  • ISBN-13: 978-0077398200
  • Product Dimensions: 9 x 1.1 x 11 inches
  • Shipping Weight: 4.6 pounds
  • Average Customer Review: 3.9 out of 5 stars  See all reviews (28 customer reviews)
  • Amazon Best Sellers Rank: #1,032,777 in Books (See Top 100 in Books)

Editorial Reviews

About the Author

Fred Phillips is a Professor and the George C. Baxter Chartered Accountants of Saskatchewan Scholar at the University of Saskatchewan, where he teaches introductory financial accounting. He also has taught introductory accounting at the University of Texas at Austin and the University of Manitoba. Fred has an undergraduate accounting degree, a professional accounting designation, and a PhD from the University of Texas at Austin. He previously worked as an audit manager at KPMG. Fred's main interest is accounting education. He has won eight teaching awards, including two national case-writing competitions. He has published instructional cases and numerous articles in journals like Issues in Accounting Education, Journal of Accounting Research, and Organizational Behavior and Human Decision Processes. Fred currently serves as an associate editor of Issues in Accounting Education, and he is a member of the Teaching & Curriculum and Two-Year College sections of the American Accounting Association. In his spare time, he likes to work out, play video games, and drink iced cappuccino.

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.

Customer Reviews

3.9 out of 5 stars

Most Helpful Customer Reviews

1 of 1 people found the following review helpful By R. Grams on May 5, 2012
Format: Hardcover Verified Purchase
I purchased this text for use in my Introduction to Accounting class the second time I took it. The prior semester I had registered for the same class and used a prior edition. This one was much easier to read. I learned more and did better in the class in part because of how user friendly it was. I am saying this despite the fact I was unhappy at being unable to reuse the prior version of the textbook. The change in layout made more sense. With all due respect to accountants, I am giving this product four stars because it improved on the two to three star experience with the prior text. I still found that the text book did not sufficiently cover all of the necessary information. I was using this book and the internet to understand concepts. I also was required to do problems online which I believe was an additional tool offered by the publisher. I liked this text better and the exercise interface on the prior version. So, the prior version online exercises with this textbook would have been five stars in my book. Ultimately, if you are reading this review, you are probably in no position to choose your textbook anyway. Do the exercises on the website. If your professor does not offer this option, ask for it. You will better understand the concepts in the textbook. If you professor says "no", find out if you can "opt in". It is better worth your time and money than the textbook alone.
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1 of 1 people found the following review helpful By Nicholas Leader on May 6, 2011
Format: Hardcover Verified Purchase
I used this text in a financial accounting course, it was the only accounting course I took in college so this is from the perspective of a non-accounting student.

I love the real world examples of company's financial data and reports. I also like the fact the text does a good job of highlighting the formulas and important information you'll need to know.

The only negative thing is there were a few mistakes in the on-line homework problems, which I pointed out to the instructor.
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5 of 7 people found the following review helpful By FelixTheKhat on February 21, 2011
Format: Hardcover Verified Purchase
This person who sold me the book claimed it was a hardback with one stain and slight water damage.

It was claimed to be in good to excellent condition.

I paid 100$$$

Apon package arrival, the book:
Was a binder edition; not a hardback
Encountered a huge stain that bled through many, many, many pages
Had severe water damage.

Was in poor condition

Barely worth the shipping and fees.
*DONT EVER MAKE A PURCHASE FROM THIS PERSON!!!*
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3 of 4 people found the following review helpful By pkzip on October 3, 2011
Format: Hardcover Verified Purchase
I purchased this text book under the impression that I was buying a used TEXT BOOK. When I opened the box, however, what I got was an old grey 1" plastic binder with loose pages of the book inside. Not a hardcover text book at all.
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1 of 1 people found the following review helpful By Khan_M on January 14, 2013
Format: Hardcover Verified Purchase
A brand-new, hardcover textbook and it came with the access code! It was definitely worth purchasing online and I recommend it to everyone.
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Format: Hardcover
Main comments:
About one third to one half (literally) of this book is just problems, and they don't have answers to them*!
They mix some real companies, with some made up ones,
I bet most of them are made up, along with the data.
It's creepy to work problems with made up companies/data and without answers to the problems!
Says copyright 2011, 2008, 2006, but I received the book in 2010!
*except for about 10 multiple choice questions each chapter, and a few in the reading portions.

positives:
helpful charts, and diagrams. Readable.

Overall:
It needs more answers to problems!
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Format: Hardcover Verified Purchase
While all of my friends in my accounting textbook bought this same exact textbook (some in worse condition) at the campus bookstore, I decided to buy this textbook along with the access code on Amazon. I spent about 1/4th the price of my friends for the same exact textbook. Would rather buy here and save money for the same thing any day of the week!
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By John R. on May 22, 2013
Format: Hardcover Verified Purchase
The previous financial accounting book that I had was totally black and white. This book states everything more clear and easier to understand!
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Most Recent Customer Reviews


More About the Author

I am a Professor of Accounting at the University of Saskatchewan. I hold a Ph.D. from the University of Texas at Austin, and a bachelor's degree in accounting from the University of Manitoba. Before entering academe, I worked as an auditor with KPMG. My teaching and research focuses on undergraduate Financial Accounting. I am a co-author of Fundamentals of Financial Accounting, 3e, with Bob and Pat Libby, and Managerial Accounting, 1e, with Stacey Whitecotton and Bob Libby. I also write accounting education articles and instructional cases. My current projects include an ambitious instructional case for the first financial accounting course, and field and laboratory experiments examining how variations in instructor feedback affect the quality of revisions in student reports and how variations in textbook illustrations affect students' retention and transfer of knowledge. I have had the good fortune of winning a bunch of teaching awards over the years, at both the University of Texas and the University of Saskatchewan. The highlight of these has to be the 3M National Teaching Fellowship, which I will officially receive in June 2011.

My wife (a Professor of Marketing and Rawlco Scholar of Advertising) and I have been married 22 years, and we have two fun-loving boys (ages 11 and 13). When I'm not with my family or at work, I can usually be found in the gym or relaxing with a Starbucks frappuccino.

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