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Fundamentals of Financial Accounting , 2e, by Phillips/Libby/Libby presents an engaging, balanced, and appropriately paced analysis of the fundamentals of financial accounting. Its conversational writing style makes it easy to read and understand, while the selection of real focus companies reinforces the relevance of accounting by introducing students to accounting and business activities in the context of their favorite companies—such companies as Skechers, Oakley, Activision, and Cedar Fair amusement park. Chapters describe typical business activities of a focus company, the procedures and methods used to account for these activities, and the analyses that can be conducted to interpret and evaluate reported financial results. Ethical issues are integrated throughout and are supported by two mini-cases in each chapter.

Balance between preparer and user orientations is achieved throughout the book, by studying both the accounting activities that take place inside the company, as well as evaluating their impact on decisions, and users outside the company. Topic coverage is paced appropriately for students new to accounting, and is thoroughly reinforced every step of the way with an ample variety of innovative pedagogical tools, including Coaches Tips that offer tips and advice throughout the chapter and end-of-chapter material. Clearly understandable, relevant, and accessible, Fundamentals of Financial Accounting 2/eis simply the most student-friendly financial book on the market and provides the tools for students to grasp financial accounting from the ground up.