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Financial Accounting, 8th Edition, by Robert Libby, Patricia Libby, Daniel Short
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NOTE:This is a standalone Book.
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 successfully implements 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.
Libby/Libby/Short believes in the building-block approach to teaching transaction analysis. Most faculty agree that mastery of the accounting cycle is critical to success in financial accounting. And yet all other financial books introduce and develop transaction analysis in one chapter, bombarding a student early in the course with an overload of new concepts and terms. The authors believe that most faculty take more time with the accounting cycle, but other financial accounting textbooks don't. By slowing down the introduction of transactions and giving students time to practice and gain mastery, this building-block approach leads to greater student success in their study of later topics in financial accounting such as adjusting entries.
- Sales Rank: #10084 in Books
- Brand: Brand: McGraw-Hill/Irwin
- Published on: 2013-06-27
- Original language: English
- Number of items: 1
- Dimensions: 11.00" h x 9.25" w x 1.25" l, 4.15 pounds
- Binding: Hardcover
- 864 pages
- Used Book in Good Condition
About the Author
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.
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.
Most helpful customer reviews
32 of 32 people found the following review helpful.
Beware this doesn't include a registation card
By D. Robertson
McGraw-Hill require a registration card to access their online 'connect' content. Amazon have another version of this book that contains the required registration card/code. It's available here http://www.amazon.com/Financial-Accounting-Connect-Robert-Libby/dp/1259116832/ref=sr_1_23?ie=UTF8&qid=1391960556&sr=8-23&keywords=mcgraw+hill+connect+financial+accounting
I'm now out of pocket on this purchase - :(
10 of 10 people found the following review helpful.
As good as "financial accounting" is ever gonna get.
By Amazon Customer
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.
8 of 8 people found the following review helpful.
Lucid, intersting and easy to follow
By Geert Anthonis
I am an engineer running a small company. Last year I bought an accounting package to keep better track of my business. Though the software is great the accompaning manuals are of no use and their concise introduction to accounting did make matters worse.
I have been looking at several accounting manuals but could not find one I could just sit down with and read on my own.
Well now I have found it. This manual is easy to read, clear and to the point and the real company examples make it interesting. After reading only two chapter I realized that the information that came with the accounting software put me totally on the wrong track.
I can recommend this book, manual very highly.
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