Fundamentals of Financial Accounting Information Center: Feature Summary


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	Student Edition
	Instructor Edition

Fundamentals of Financial Accounting, 2/e

Fred Phillips, University of Saskatchewan
Robert Libby, Cornell University---Ithaca
Patricia Libby, Ithaca College

Feature Summary

Focus Company approach—The topical coverage in each chapter is integrated around a real company, its decisions, and its financial statements. The focus companies are carefully chosen and are ones that students will recognize. Contrast companies are integrated for further illustration.
Building Block approach to teaching financial accounting. Ratios are not introduced until the accounting cycle chapters are completed.
Self Study Quizzes embedded throughout each chapter pose review questions at key points throughout the chapter for students to test their knowledge of the material.
Ethical Insights and Ethics Cases incorporated into every chapter to encourage though provoking discussions.
Student encouragement, tips, advice, and suggestions about how to learn the fundamentals of accounting in the margins of the text as "Coach's Tips" and "You Should Know.”
Very extensive end-of-chapter materials arranged by level of difficulty and in learning objective order. Every chapter includes three problem sets: Coach Problems, Group A Problems, and Group B Problems. Coached Problems go beyond the traditional check figures to advise students on the process of solving a problem rather than just is outcome. Students are given TIPS at each step of the problem-solving process.
Annual Report Cases—Landry's Restaurant 2005 Annual Report is bundled free with every new copy of Fundamentals of Financial Accounting. End-of-chapter cases make extensive use of the data in these reports, showing students how to draw information from an annual report and providing them with a valuable perspective on how financial accounting information is used in decision making.

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