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A comprehensive, straightforward description of modern-day principles of financial accounting and reporting which balances practical accounting procedures with the theory and concepts upon which they are based. The book emphasises financial accounting fundamentals as they relate to today's business environment, and illustrates the role that accounting plays in decision making for both external (investor, government official, taxpayer/voter) and internal audiences (the business and financial manager). The book describes both the praparation and the use of financial accounting information for those who have not previously studied accounting. This illustrated textbook differs from typical 'principles' texts in that it is more conceptual, has a faster delivery pace, and takes a corporate approach. Each chapter contains an overview, glossary of key terms, demonstration problem, summary and exercises. Most chapters also include a case study.
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Designed to not only teach but motivate students, this second edition of the undergraduate financial accounting textbook gives a complete review of the skills and thinking required for accounting by the corporate world. New additions to the pedagogical structure include comparative analysis problems added to every chapter, chapter opening previews, illustrations that highlight key concepts, concept review sections and margin notes. Special attention given to identifying and developing learning styles for optimum academic performance.About the Author:
Clyde P. Stickney is the Signal Companies' Professor of Management, Emeritus at the Amos Tuck School of Business Administration, Dartmouth College. He received his DBA from Florida State University and taught at the University of Chicago and the University of North Carolina at Chapel Hill before joining the Tuck School in 1977. He has also taught at business schools in Japan, Australia, Finland, and Germany. Prof. Stickney has authored and coauthored books on financial accounting, managerial accounting, and financial statement analysis.
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