Fred Phillips,
University of Saskatchewan Robert Libby,
Cornell University---Ithaca Patricia Libby,
Ithaca College
ISBN: 0072881372 Copyright year: 2006
Overview
Fundamentals of Financial Accounting, 1e, by Phillips/Libby/Libby presents an engaging, balanced, and appropriately paced analysis of the fundamentals of financial accounting. Its conversational writing style and selection of focus companies make it a real pleasure to read while learning about accounting and the business activities of your students’ favorite companies. The balance between preparer and user orientations is achieved throughout the entire book. Three of the first five chapters are focused inside the company on the accounting system, whereas the other two examine financial reporting from the perspective of decision makers outside the company. Thereafter, every chapter integrates these inside/outside perspectives by studying the accounting activities that take place inside the company and evaluating their impact on users outside the company. Topic coverage is paced appropriately for students new to accounting, and is reinforced at each step through the self-study quizzes. Add to this the coaches, who offer tips and other advice throughout each chapter, and you have the type of text that your students crave. Fundamentals of Financial Accounting is simply the most student-friendly financial book on the market. Look through each chapter and you will soon see what is suggested by the image on the textbook’s cover – the closer you look the more you’ll understand.
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2006 McGraw-Hill Higher Education