Financial Accounting: (AISE)

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9780324225259: Financial Accounting: (AISE)

Financial Accounting 6e, is designed to prepare users to succeed as future business managers. The text demonstrates how financial statements are useful and interesting tools for diagnosing a company's problems or strengths, and for making loan, investment, acquisition, employment, and political decisions. The sixth edition interweaves analytical principles with real examples and real data from well-known companies. This text takes a business-activities approach to link accounting to what a business really does - operating, investing and financing. The result provides students with the practical skills they need to understand complex business issues and make smart strategic decisions.

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About the Author:

Earl K. Stice is the PricewaterhouseCoopers Professor of Accounting in the School of Accountancy at Brigham Young University, where he has been on the faculty since 1998. He holds bachelor's and master's degrees from Brigham Young University and a PhD from Cornell University.

James D. Stice is the Distinguished Teaching Professor in the Marriott School of Management at Brigham Young University. He is currently the Director of the Marriott School's MBA Program. He holds bachelors and master's degrees from BYU and a Ph.D. from the University of Washington, all in accounting. Professor Stice has been on the faculty at BYU since 1988. During that time, he has been selected by graduating accounting students as "Teacher of the Year" on numerous occasions, he was selected by his peers in the Marriott School at BYU to receive the "Outstanding Teaching Award" in 1995, and in 1999 he was selected by the University to receive its highest teaching award, the Maeser Excellence in Teaching Award. Professor Stice is also a visiting professor for INSEAD's MBA Program in France. Professor Stice has published articles in The Journal of Accounting Research, The Accounting Review, Decision Sciences, Issues in Accounting Education, The CPA Journal, and other academic and professional journals. In addition to this textbook, he has published two other textbooks: Financial Accounting: Reporting and Analysis, and Accounting: Concepts and Applications. In addition to his teaching and research, Dr. Stice has been involved in executive education for such companies as IBM, Bank of America, and Ernst & Young and currently serves on the board of directors of Nutraceutical Corporation. Dr. Stice and his wife, Kaye, have seven children: Crystal, J.D., Ashley, Whitney, Kara, Skyler, and Cierra.

Michael A. Diamond serves as Vice President and Executive Vice Provost of the University of Southern California. Prior to that, Dr. Diamond served as Vice Provost for Planning and Budget, as dean of the Leventhal School of Accounting, and director of the school's SEC and Financial Reporting Institute. During that period, the Leventhal School of Accounting was consistently ranked as one of the top five accounting programs in the country. Dr. Diamond is a leader in the accounting education reform movement. He has lectured throughout the United States, Europe and Asia on business and accounting education innovation. His articles have appeared in the Harvard Business Review, Accounting Horizons and the Journal of Accounting. Over the last five years, Dr. Diamond has turned his attention to issues of academic leadership and change. He has published in Change and co-authored two monographs on academic leadership. Dr. Diamond has served as president of the American Accounting Association, taught at California State University, Los Angeles, and has been a visiting professor at the University of California, Berkeley and the University of California, Los Angeles. He also has taught in executive education programs for a number of international accounting firms as well as Fortune 500 companies. Dr. Diamond is the recipient of the California Society of CPAs Faculty Excellence Award for 1993 and was named as one of the "Top100 Most Influential People in Accounting" in both the fall 1997 and 1998 issues of Accounting Today. With Michael Moore, Dr. Diamond developed the Strategic Planning Partnership, an initiative of the Ernst & Young Foundation. This program assists selected business schools and other academic organizations in strategic planning and change management processes. Dr. Diamond received his BA degree at the University of California, Berkeley, and his MS and Ph.D. degrees from the University of California, Los Angeles.

James D. Stice is the Distinguished Teaching Professor in the Marriott School of Management at Brigham Young University. He is currently Associate Dean of the Marriott School. Dr. Stice served for eight years as the director of BYU's MBA Program. He holds bachelor's and master's degrees in accounting from BYU and a PhD in accounting from the University of Washington.

Review:

"I like the chapters included and how they are organized for a typical 15-week course. The organization suits how I teach my course. Students find the text easy to read. Students like the additional features such as Data Mining and Business Context."

"The sidebars were interesting and applicable. The end of chapter questions, exercises, and problems provide good coverage of the material and sufficient variation. I also liked the sequencing of the chapters."

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