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Financial Accounting

(5 reviews)

Pub Date: 2016

ISBN 13: 9781946135100

Publisher: University of Minnesota Libraries Publishing

Language: English

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Reviews

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Reviewed by David Sulzen, Associate Professor of Accountng, Ferrum College on 2/9/17

All material covered in any entry level accounting textbook is covered, even an introduction to Auditing. The depth is very good for an accounting principles textbook, with the technical "fine print" omitted. There is good coverage of the... read more

 

Reviewed by Bill Joyce, Assistant Professor, Bemidji State University on 6/11/15

The table of contents is very different than two standard textbooks I am currently using or used recently. It is difficult to understand d exactly what topics are being covered using the table of contents. A separate chapter on financial... read more

 

Reviewed by Allan Aspelund, Instructor, Century College, White Bear Lake, Minnesota on 6/11/15

Good over-all coverage No glossary Index fair--could be more descriptive read more

 

Reviewed by Barbara Prince, Accounting Faculty, Anoka Ramsey Community College on 6/11/15

No index or glossary. This seems to be a discussion for non-accounting majors that presents the material from for non-debit/credit emphasis. The overall picture is presented well, but not enough emphasis on the basic mechanics of accounting... read more

 

Reviewed by Candice (Candy) Heino, Instructor, Anoka Ramsey Community College on 6/11/15

This text covers all of the usual topics in financial accounting, but with a broader business view surrounding the accounting procedures. IFRS is embedded within many chapters providing the general differences from GAAP without being too... read more

 

Table of Contents

  • Chapter 1:Why Is Financial AccountingImportant?
  • Chapter 2: What Should Decision Makers Know So ThatGood Decisions Can Be Made about an Organization?
  • Chapter 3: In What FormIs Financial Information Actually Delivered to Decision Makers Such as Investors and Creditors?
  • Chapter 4: How Does an Organization Accumulate and Organize the Information Necessary to Prepare Financial Statements?
  • Chapter 5: Why Must Financial Information Be Adjusted Prior to the Production of Financial Statements?
  • Chapter 6: Why Should Decision Makers Trust Financial Statements?
  • Chapter 7: In a Set of Financial Statements, What Information Is Conveyed about Receivables?
  • Chapter 8: How Does a Company Gather Information about Its Inventory?
  • Chapter 9: Why Does a Company Need a Cost Flow Assumption in Reporting Inventory?
  • Chapter 10: In a Set of Financial Statements, What Information Is Conveyed about Property and Equipment?
  • Chapter 11: In a Set of Financial Statements, What Information Is Conveyed about Intangible Assets?
  • Chapter 12: In a Set of Financial Statements, What Information Is Conveyed about Equity Investments?
  • Chapter 13: In a Set of Financial Statements, What Information Is Conveyed about Current and Contingent Liabilities?
  • Chapter 14: In a Set of Financial Statements, What Information Is Conveyed about Noncurrent Liabilities Such as Bonds?
  • Chapter 15: In a Set of Financial Statements, What Information Is Conveyed about Other Noncurrent Liabilities?
  • Chapter 16: In a Set of Financial Statements, What Information Is Conveyed about Shareholders' Equity?
  • Chapter 17: In a Set of Financial Statements, What Information Is Conveyed by the Statement of Cash Flows?

About the Book

This book is intended for an undergraduate or MBA level Financial Accounting course. It covers the standard topics in a standard sequence, utilizing the Socratic method of asking and answering questions.