This text provides introductory accounting students with the most timely, relevant, and understandable textbook possible. Topics and accounting coverage is only "baby-steps" away from a traditional text, but still encompasses information on how students can use the information they generate to help their future managers make decisions. Approximately a 50-50 split between financial and managerial accounting concepts and organized around activities of the firm, the 5e also incorporates AECC recommendations.
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K. Fred Skousen is Advanced Vice President at Brigham Young University. Previously, he was the Dean of the Marriott School of Management and Director of the School of Accountancy at BYU. He earned a bachelor's degree from BYU and master's and Ph.D. degrees from the University of Illinois. Dr. Skousen taught at the University of Illinois and the University of Minnesota prior to joining the faculty at Brigham Young University. In 1983 Dr. Skousen was awarded the Peat Marwick Professorship at BYU. In 1984 Dr. Skousen was elected to the AICPA Council, and in 1985 he received the UACPA Outstanding Faculty Award.
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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