Financial Accounting, 6e helps users LEARN, PRACTICE, and REMBEMBER the accounting cycle. A specially designed Accounting Cycle Tutorial program is integrated in the first three chapters (icons in the margin point readers to an online program, a free website that accompanies the book). The program includes tutorials, interactive animations, and practice questions that provide readers with additional, beyond the book instruction on the accounting cycle. This book also provides a no password required online practice environment where readers can work on problems that help them master the accounting cycle and gauge their comprehension. A unique Accounting Cycle Pocket Guide is included for readers to use as a handy reference–it illustrates the key steps in the accounting cycle. This book covers the full range of topics in financial financial statements, processing information, accrual accounting, internal control and cash, short-term investments and receivables, inventory, plant assets, current and long-term liabilities, stockholders' equity, long-term investments and international operations, using the income statement and statement of stockholders' equity, the statement of cash flows, and financial statement analysis. For accountants and employees in accounting departments.
Totally not worth the money. Too heavy for students to carry. Lots of problems have wrong answers. Details are not really welll organized, particularly the differences between ASPE and IFRS mentioned inside some chapters are not compatibale with those mentioned in chapter summary.
I didnt like the structure of the book and there was often missing information that i needed for my course. It was difficult to use as a book to look up things after having read it. There were a lot of excercises to do though.
I don't usually claim to have really read textbooks from classes I've taken because I generally focus on the lectures and use the textbooks as a reference (and source for homework problems). Unfortunately, I just took a Financial Accounting Principals class in which the professor didn't provide much instruction. Thankfully, this textbook turned out to be a pretty good read (for an accounting text). I read it slowly and carefully, especially at the beginning, and came away with what I feel is a reasonably strong foundation of accounting knowledge. I hadn't taken an accounting class since High School but I've worked in management for most of the last decade. I'm glad I read this book as it gave me a better foundation of financial accounting knowledge.
Though not a page-turner, the authors do a good job of using real-life companies and examples to keep things engaging. Examples are generally provided in an "Excel" format to make them easy to follow to. I'd recommend it overall.
This book was used as part of my MBA program. It has been updated several times since then; so newer versions are available. The explanations are clear and concise. This is a good solid accounting textbook.