This book provides its winning combination of textbook features, study resources and online homework system that make up the Student Learning System.
This book contains 23 chapters. Accounting and the Business Environment; Recording Business Transactions; The Adjusting Process; Completing the Accounting Cycle; Merchandising Operations; Merchandise Inventory; Internal Control and Cash; Receivables; Plant Assets and Intangibles; Current Liabilities, Payroll, and Long-Term Liabilities; Corporations: Paid-In Capital and the Balance Sheet; Corporations: Effects on Retained Earnings and the Income Statement; The Statement of Cash Flows; Financial Statement Analysis; Introduction to Management Accounting; Job Order and Process Costing; Activity-Based Costing and Other Cost Management Tools; Cost-Volume-Profit Analysis; Short-Term Business Decisions; Capital Investment Decisions and the Time Value of Money; The Master Budget and Responsibility Accounting; Flexible Budgets and Standard Costs; Performance Evaluation and the Balanced Scorecard
Totally not worth the money. Too heavy for students to carry. Lots of problems have wrong answers. Details are not really welll organized, particularly the differences between ASPE and IFRS mentioned inside some chapters are not compatibale with those mentioned in chapter summary.
I didnt like the structure of the book and there was often missing information that i needed for my course. It was difficult to use as a book to look up things after having read it. There were a lot of excercises to do though.
I don't usually claim to have really read textbooks from classes I've taken because I generally focus on the lectures and use the textbooks as a reference (and source for homework problems). Unfortunately, I just took a Financial Accounting Principals class in which the professor didn't provide much instruction. Thankfully, this textbook turned out to be a pretty good read (for an accounting text). I read it slowly and carefully, especially at the beginning, and came away with what I feel is a reasonably strong foundation of accounting knowledge. I hadn't taken an accounting class since High School but I've worked in management for most of the last decade. I'm glad I read this book as it gave me a better foundation of financial accounting knowledge.
Though not a page-turner, the authors do a good job of using real-life companies and examples to keep things engaging. Examples are generally provided in an "Excel" format to make them easy to follow to. I'd recommend it overall.
This book was used as part of my MBA program. It has been updated several times since then; so newer versions are available. The explanations are clear and concise. This is a good solid accounting textbook.