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The most helpful favorable review
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8 of 8 people found the following review helpful:
Straight and to the point
Most texts I've read on Accounting (from my father's extensive library) are long on explanation and short on worked examples. The Schaum series on Accounting is just the opposite. No need to wade through a ton of explanation. A short explanation is followed by worked examples and numerous test questions followed by the answers, fully worked. I'm just starting out in...
Published on July 26, 2006 by Mr. Alan J. Mccartin
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8 of 8 people found the following review helpful:
Well Organized Material
Schaum's Financial Accounting is a well-written book which augmented my accounting studies.
I especially like the way the table of content is organized. The first three chapters provide an introduction to financial accounting, financial statements and the process of analyzing and recording transactions.
The next three chapters spend time on...
Published on November 22, 2005 by Mark Yelavich
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8 of 8 people found the following review helpful:
Well Organized Material, November 22, 2005
This review is from: Schaum's Financial Accounting 2 Ed. (Paperback)
Schaum's Financial Accounting is a well-written book which augmented my accounting studies.
I especially like the way the table of content is organized. The first three chapters provide an introduction to financial accounting, financial statements and the process of analyzing and recording transactions.
The next three chapters spend time on adjusting and closing entries and then on trial balance worksheets (both for service-oriented and merchandise-oriented businesses). This sets the stage for examining all major aspects of the balance sheet, which chapters 7 through 12 cover.
Following Schaums Outlines typical format, this book presents material in an easy-to-understand manner and then offers the reader with opportunities to solidify their understanding of course material through "Solved Problems" and chapter-end questions.
Shim and Siegel do a fine job of keeping material concise while discussing all major topical points.
They conclude their book with chapters covering partnerships, financial statement analysis, statement of cash flows and multinational operations.
This book merits a 3 1/2 star rating. You might consider Schaums Principles of Accounting I and II for a more thorough examination of the same topical material. However, if you wish to buy just "one book" to augment your studies, "Financial Management" would be a fine choice.
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8 of 8 people found the following review helpful:
Straight and to the point, July 26, 2006
This review is from: Schaum's Financial Accounting 2 Ed. (Paperback)
Most texts I've read on Accounting (from my father's extensive library) are long on explanation and short on worked examples. The Schaum series on Accounting is just the opposite. No need to wade through a ton of explanation. A short explanation is followed by worked examples and numerous test questions followed by the answers, fully worked. I'm just starting out in accounting, and sometimes the concepts didn't really gel with me. But by doing the test questions, and in particular being able to check the results and supplied workings, I found that I learnt the principles much more quickly than I would have otherwise, and was able to retain the understanding.
I borrowed this book from my local library, but then I decided it was a perfect reference book to own.
And I bought almost the entire set of the Schaum's accounting series on the strength of my experience with this learning approach.
An excellent book - an excellent series.
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9 of 10 people found the following review helpful:
Good Investment, September 27, 2000
This review is from: Schaum's Financial Accounting 2 Ed. (Paperback)
I bought this book to complement a senior level financial accounting course that I took. The book is concise, provides plenty of examples, and helps to solidify theories & actual practices of financial accounting. There are plenty of exercises to go through to help solidify your practical understanding of the material. I found that it was particulary useful to help me review & brush up before my tests in my financial accounting course. Overall a good investment.
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6 of 6 people found the following review helpful:
Schaum's Financial Accounting 2 Ed., October 13, 2005
This review is from: Schaum's Financial Accounting 2 Ed. (Paperback)
I am an accounting student. I love this book! I have bought all the Schaum's books related to Accounting. If I had to choose just one book, it would be this one. I get lost trying to follow our textbook. I open this puppy up and it has everything. I'm able to follow the explanations and examples without any problem. Trust me! You will not be disappointed. I was very impressed by how fast my books got to me. I had books coming to me within 2 days. In less than one week's time, I had all 7 books. It really is worth it. :-)
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Very good overview of fundamentals of financial accounting, May 24, 2010
This review is from: Schaum's Financial Accounting 2 Ed. (Paperback)
It has been years since I last took my accounting class and I needed a refresher for my MBA program.
This book was ideal for that purpose. This book covers all the fundamentals of Financial Accounting. It is similar to a Accounting 101 course.
The explanations are great and concise and are more lucid than most textbooks.
As with all the Schaum's books, there are multitude of accounting problems at the end of each chapters to solve. Additionally, this book has a periodic "examination" chapters that provides exam questions based on the material of the previous 3 chapters.
This book covers the following:
1)Financial statements (mainly income statement and balance sheet)
2)General Ledger accounting
3)Adjusting and Closing Entries (very well done)
4)Accy for Merchandise and retail
5)Cash and short term investments
6)Inventories
7)AR and AP
8)Fixed assets, depreciation
9)Liabilities
10)Corporations, Partnerships
11)Financial Statement Analysis (Weak)
12)Statement of Cash Flows.
This book only has a shallow coverage of accounting and does not dig into more detailed and advanced accounting concepts. This book would not be ideal, for example, for those who are trying to pass the CPA exam. But this book is ideal for those who are studying Accy 101 or need a fundamental accy refresher.
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2.5 rating is most appropriate., March 28, 2010
This review is from: Schaum's Financial Accounting 2 Ed. (Paperback)
I purchased this book sometime ago while I was taking financial accounting courses. I found that my required text book did not have adequate examples of how to solve various problems. I did not find this to be a good supplement or aide during the courses. Gleim offers a similar book as well as a five-part series question and answer books and test-prep software for every aspect of accounting; while its' offering is more expensive I think it is a better supplement overall. I would recommend Schaum to take a look at how current financial accounting textbooks are made and try to create book that will work more as a supplement to a person's primary text. Overall, this book just doesn't get the job done.
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More Than Prepared For My Dantes Test., September 22, 2008
This review is from: Schaum's Financial Accounting 2 Ed. (Paperback)
By the 10th question I had a strong feeling I would pass the test. My final score exceeded my expectations. The test prep questions were harder than the actual test. The practice questions were very complex and involved, which created a comfort when I took the real test. At times you may feel like chapters are lacking content, but the test section makes up for it.
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0 of 1 people found the following review helpful:
Disapointing, December 5, 2008
This review is from: Schaum's Financial Accounting 2 Ed. (Paperback)
This book does not inspire confidence because of the elementary mistakes. On Page 18 for example the balance sheet (columns 3 and 5) does not balance. Need I say more?
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