Financial Accounting | Robert Libby, Patricia Libby, ...

Financial Accounting | Robert Libby, Patricia Libby, ... | Excellent introductory accounting overview

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Financial Accounting

	Financial Accounting Robert Libby, Patricia Libby, ... McGraw-Hill/Irwin, 2005 - 756 pages average customer review:based on 7 reviews view larger image
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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. .

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Great way to start accounting.

It is really a great book in all respects. The chapters are well organized and online material along with book is great way to learn and grasp accounting concepts.
The exercises are very good and some answers are provided on line and I think is good enough to verify the answers.

I love the book and is fun to read.

Excellent introductory accounting overview

This textbook was used in my introductory financial accounting course at the University of Florida, and I am planning on repurchasing it in the next few months as part of a comprehensive accounting review before starting an internship with a large professional services/accountancy firm. For a textbook, it is remarkably well-written and concise (and dare I say it...for people who enjoy accounting, enjoyable!); the real-world cases and international examples (i.e., international harmonization of standards as well as major divergences, such as the lack of LIFO in many countries) are highly relevant and help to establish a connection between the theory and real-world practices. There are more than enough practice problems to ensure mastery of the material that is covered, and as a person who is often frustrated at the abysmal lack of mention of ethics in many (if not most) business courses and texts, I was very pleased that this text provides numerous discussions of the irreducible necessity of highly ethical accounting in the post-Enron/Worldcom, Sox-driven and increasingly regulated world of the 21st century. Overall, this is a highly useful reference for those looking for a quick refresher of basic accounting and GAAP, as well as those learning financial accounting for the very first time.

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required for a class

This was a required reading for accounting 101 class at Wharton Business School. Sometimes the examples and concepts in boxes may distract you from the reading, but in general the fact that it was published this year, makes things in context.

reviews: page 1, 2

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