Financial Accounting - Hardcover

Albrecht, W. Steve; Stice, James D.; Stice, Earl K.; Skousen, K. Fred

3.6

10 ratings by Goodreads

Hardcover

ISBN 10: 0324066708 ISBN 13: 9780324066708

Publisher: Cengage Learning, 2001

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This strong text introduces students to basic accounting concepts, excites them by using lots of real world examples (both U.S. and international), provides them with some basic accounting knowledge, and then shows them how accounting is used and analyzed in actual case situations. This book does not take an encyclopedic approach to every possible nuance of financial statement preparation or alternative way to perform accounting functions since students who desire that level of detail will find it in more advanced classes.

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About the Author:

W. Steve Albrecht is the Andersen Alumni Professor of Accountancy in the Marriott School of Management at Brigham Young University. He received a bachelor's degree in accounting from BYU and MBA and PhD degrees from the University of Wisconsin. He is a Certified Public Accountant, Certified Internal Auditor, and Certified Fraud Examiner.

Review:

The authors give enough [EOC] material that the professor can do some of the exercises and problems in class for the students and still have enough problems and exercises to assign to the students for homework. The exercises and problems tie in nicely with the chapter material. They emphasize the important points the students need to know.

I find the Real World Notes to be especially useful. I often discuss them in class. I think it is quite useful to give the students something that they can relate to in the real world.

I especially like the "Special Activities" section. It allows me to integrate writing skills into the accounting class. It also gives the students insight into real companies that they are familiar with and how the chapter topics relate to the real world.

The Encore section is good and interesting. It provides an example of how critical thinking is used in accounting to make real decisions.

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