Libby, the market leading text in financial accounting, is praised for its distinctive real-world, single focus company approach of every chapter. By involving students in the business decisions of a real company and engaging them with relevant real-world financial statements, this decision-making focus reinforces the relevance of financial accounting regardless of whether or not the student has chosen to major in accounting.
Given the shift to International Financial Reporting Standards (IFRS) for public enterprises, and to Accounting Standards for Private Enterprises (ASPE), both effective January 1, 2011, the need for currency has never been more important. The new fourth Canadian edition is perfectly timed. The authors have fully integrated IFRS into the new edition, while also discussing key differences in ASPE as appropriate.
New to the fourth Canadian edition, each new Libby Financial Accounting print text includes access to Connect – McGraw-Hill's innovative online study and testing program – at no additional cost. In addition to an easy-to-use eBook and study resources, Connect also includes algorithmic problems within the homework assessment tool that are directly from the end of chapter material. This fully integrated solution helps students master the concepts, practice problems and ultimately achieve success in financial accounting. Optional Lyryx Assessment Financial Accounting is available to package with the Libby text at a small additional cost.
Lyryx Assessment Financial Accounting contains algorithmic problems tied to the Libby text, unlimited opportunity for students to practice, and automatic grading with extensive feedback for students and instructors.
Robert Libby is the David A. Thomas Professor of Management at the Johnson Graduate School of Management at Cornell University, where he teaches the introductory financial accounting course. He previously taught at the University of Illinois, Pennsylvania State University, University of Texas at Austin, University of Chicago, and University of Michigan. He received his B.S. from Pennsylvania State University and his M.A.S. and Ph.D. from the University of Illinois; he is also a CPA.
Bob is a widely published author specializing in behavioral accounting. He was selected as the AAA Outstanding Educator in 2000. His prior text, Accounting and Human Information Processing (Prentice Hall, 1981), was awarded the AICPA/AAA Notable Contributions to the Accounting Literature Award. He received this award again in 1996 for a paper. He has published numerous articles in the Journal of Accounting Research; Accounting, Organizations, and Society; and other accounting journals. He is past Vice President-Publications of the American Accounting Association and is a member of the American Institute of CPAs and the editorial boards of The Accounting Review; Accounting, Organizations, and Society; Journal of Accounting Literature; and Journal of Behavioral Decision Making.
Maureen Gowing is Assistant Professor of Accounting at the John Molson School of Business at Concordia University. Maureen has taught undergraduate accounting theory and graduate financial and managerial accounting courses. She has extensive experience in the oil and securities industries, and worked for several years as a financial analyst. She also worked at the Vancouver Stock Exchange doing forensic accounting. She received her B.A. from Carleton University, her M.B.A from the University of Toronto, and her Ph.D. from the School of Business at Queen's University. She received an award of excellence in 1998 from the Administrative Sciences Association of Canada (ASAC) for her dissertation. Maureen conducts research in ethics and hospital cost management, the activity processes and cost analysis in trauma care across Canada. She has also been examining the effectiveness of technological and pedagogical strategies in the teaching of accounting. She has published in academic journals, and in the proceedings of national and international conferences in aviation, accounting, and education.
Dan Short is the Dean of the M.J. Neeley School of Business at Texas Christian University in Fort Worth, TX. Prior to that he was Dean at Richard T. Farmer School of Business at Miami University and Dean of the Business School at Kansas State University. Before entering adminstration, Dan taught at the University of Texas-Austin and the University of Chicago. He received his Ph.D. from the University of Michigan. He has won numerous teaching awards during his career teaching both undergraduate and MBA financial accounting courses.
Patricia Libby is Chair of the Department of Accounting and Associate Professor of Accounting at Ithaca College, where she teaches the undergraduate financial accounting course. She previously taught graduate and undergraduate financial accounting at Eastern Michigan University and the University of Texas. Before entering academe, she was an auditor with Price Waterhouse (now PricewaterhouseCoopers) and a financial administrator at the University of Chicago. She received her B.S. from Pennsylvania State University, her M.B.A. from DePaul University, and her Ph.D. from the University of Michigan; she is also a CPA.
Pat conducts research on using cases in the introductory course and other parts of the accounting curriculum. She has published articles in The Accounting Review, Issues in Accounting Education, and The Michigan CPA. She has also conducted seminars nation-wide on active learning strategies, including cooperative learning methods.
George Kanaan is Associate Dean at the John Molson School of Business at Concordia University. George teaches the introductory financial accounting course. He previously taught undergraduate and graduate courses at McMaster University. He received his B.A. from the Lebanese University, his M.A. from Southern Illinois University at Carbondale, and his Ph.D. from the University of Wisconsin-Madison. He has conducted research on disclosures related to pension accounting, deferred income taxes, and the effects of changing prices. His research has been published in The Journal of Accounting, Auditing and Finance, and Managerial Finance. During his tenure as chair of the Department of Accountancy, The John Molson School of Business became the first Canadian business school to receive accreditation of its accounting programs by the AACSB – The Association to Advance Collegiate Schools of Business.
