Financial Accounting
Libby/Libby/Short wrote this text based on their belief that the subject of financial accounting is inherently interesting, but financial accounting textbooks are often not. They believe most financial accounting textbooks fail to demonstrate that accounting is an exciting field of study and one that is important to future careers in business. When writing this text, they considered career relevance as their guide when selecting material, and the need to engage the student as their guide to...
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Libby/Libby/Short wrote this text based on their belief that the subject of financial accounting is inherently interesting, but financial accounting textbooks are often not. They believe most financial accounting textbooks fail to demonstrate that accounting is an exciting field of study and one that is important to future careers in business. When writing this text, they considered career relevance as their guide when selecting material, and the need to engage the student as their guide to style, pedagogy, and design.Libby/Libby/Short is the only financial accounting text to successfully implement a real-world, single focus company approach in every chapter. Students and instructors have responded very favorably to the use of focus companies and the real-world financial statements. The companies chosen are engaging and the decision-making focus shows the relevance of financial accounting regardless of whether or not the student has chosen to major in accounting.
Ch. 1Financial Statements and Business Decisions2Ch. 2Investing and Financing Decisions and the Balance Sheet52Ch. 3Operating Decisions and the Income Statement108Ch. 4The Adjustment Process and Financial Statements170Ch. 5The Communication of Accounting Information234Ch. 6Reporting and Interpreting Sales Revenue, Receivables, and Cash296Ch. 7Reporting and Interpreting Cost of Goods Sold and Inventory354Ch. 8Reporting and Interpreting Property, Plant, and Equipment; Natural Resources; and Intangibles414Ch. 9Reporting and Interpreting Liabilities470Ch. 10Reporting and Interpreting Bonds520Ch. 11Reporting and Interpreting Owners' Equity562Ch. 12Reporting and Interpreting Investments in Other Corporations612Ch. 13Statement of Cash Flows652Ch. 14Analyzing Financial Statements700App. A744App. BToys "R" Us Annual Report747App. CThe Formal Recordkeeping System774Glossary792Illustration Credits799Index801
