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Financial Accounting, 7th Edition, by Robert Libby, Patricia Libby, Daniel Short
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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.
- Sales Rank: #59452 in Books
- Brand: McGraw Hill
- Published on: 2010-09-03
- Ingredients: Example Ingredients
- Original language: English
- Number of items: 1
- Dimensions: 11.10" h x 1.30" w x 9.10" l, 4.65 pounds
- Binding: Hardcover
- 737 pages
- Accounting
- Financial Accounting
- Accounting 101
- Paperback Accounting book
- Libby Libby Short
About the Author
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.
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.
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.
Most helpful customer reviews
7 of 7 people found the following review helpful.
Great textbook for accounting
By jmw1971
I purchased this book because it is the textbook that is required for my very first graduate-level accounting class. Since starting class about 5 weeks ago, I've quickly determined that I'm going to have to teach myself the content of the course since the professor really doesn't "teach" per se...I've realized that 95% of my learning for the class will have to come straight from the text...and in that regard, it's been a great textbook to introduce me to financial accounting. Would I buy it to read in my spare time? Highly unlikely. But as a textbook for a course, it's great. And I LOVE that it was less expensive on Amazon that it was at the university bookstore. BAM. My only wish is that there was an accompanying guide with the solutions to all the problems that are at the end of the chapter...I'd buy that in a minute!!
4 of 4 people found the following review helpful.
Financial Accounting
By Ethan Howe
One of the most interesting classes that i took during my time in college was that of Financial accounting. Most students struggle greatly with this class and have a difficult time engaging in the concepts and coming up with the answers to the difficult questions. most of the problems seem daunting at first, but with a little help from going through this textbook and viewing the detailed examples that they have supplied it can be made into a very easy class. one of the most difficult thing about this class is coming up with the concepts. once this is done the questions are easy to figure out and the task of passing the class becomes much easier. this book provided their own website with lists of quizzes and practice tests that can be taken all for free just because the book was purchased. these quizzes help greatly and are key to this book helping student pass this course. the examples laid out in the book are also put forth in a way that makes it very interesting and engaging to student instead of dull or boring like a majority of textbooks around. i recommend this textbook for anyone who is entering this class or for anyone who needs to know more about accounting.
2 of 2 people found the following review helpful.
Accounting Can Be Interesting !
By James Gronowski
This book was required for a foundation course before beginning my MBA program. I dreaded taking the course, but have to admit, it was somewhat interesting thanks in part to this text. The book is extremely in-depth, yet easy to read. If you put forth the effort and complete the chapter-end problems, you are bound to have a solid grasp of the material. This text was moderately priced ($80), but is packed with useful information, organized intuitively. I will keep this book for future reference in both my educational and professional endeavors.
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