Financial Accounting

by Libby, Robert; Libby, Patricia A.; Short, Daniel G.

• ISBN13: 9780072473520
• ISBN10: 0072473525
• Edition: 4th
• Format: Hardcover
• Copyright: 2004-06-01
• Publisher: McGraw-Hill

Summary

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.

Table of Contents

Financial Statements and Business Decisions

Investing and Financing Decisions and the Balance Sheet

Operating Decisions and the Income Statement

Adjustments, Financial Statements, and the Quality of Earnings

Communicating and Interpreting Accounting Information

Reporting and Interpreting Sales Revenue, Receivables, and Cash

Reporting and Interpreting Cost of Goods Sold and Inventory

Reporting and Interpreting Property, Plant and Equipment; Natural Resources; and Intangibles

Reporting and Interpreting Liabilities

Reporting and Interpreting Bonds

Reporting and Interpreting Owners' Equity

Reporting and Interpreting Investments and Other Corporations

Statement of Cash Flows

Analyzing Financial Statements

Present and Future Value Tables

Pacific Sunwear Annual Report

American Eagle Outfitter Annual Report

Industry Ratio Report

The Formal Recordkeeping System at www.mhhe.com/business/accounting/libby5

Table of Contents provided by Publisher. All Rights Reserved.