Accounting: Concepts and Applications - Hardcover

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

3.22

9 ratings by Goodreads

9780538876247: Accounting: Concepts and Applications

Hardcover

ISBN 10: 0538876247 ISBN 13: 9780538876247

Publisher: South-Western College Pub, 1998

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Skousen 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:

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.

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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