Financial Accounting

by Libby, Robert; Libby, Patricia; Short, Daniel

• ISBN13: 9780078111020
• ISBN10: 0078111021
• Edition: 7th
• Format: Hardcover
• Copyright: 2010-09-03
• Publisher: McGraw-Hill Education

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

Focus company: Maxidrive Corporation

Investing and Financing Decisions and the Balance Sheet

Focus company: Papa John’s International

Operating Decisions and the Income Statement

Focus company: Papa John’s International

Adjustments, Financial Statements, and the Quality of Earnings

Focus company: Papa John’s International

Communicating and Interpreting Accounting Information

Focus company: Callaway Golf

Reporting and Interpreting Sales Revenue, Receivables, and Cash

Focus company: Deckers Outdoor Corporation

Reporting and Interpreting Cost of Goods Sold and Inventory

Focus company: Harley-Davidson, Inc.

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

Focus company: Southwest Airlines

Reporting and Interpreting Liabilities

Focus company: Starbucks

Reporting and Interpreting Bonds

Focus company: Burlington Northern Santa Fe

Reporting and Interpreting Owners’ Equity

Focus company: Kroger

Reporting and Interpreting Investments in Other Corporations

Focus company: The Washington Post Company

Reporting and Interpreting Investments in Other Corporations

Focus company: National Beverage Corp.

Analyzing Financial Statements

Focus company: Home Depot

Present and Future Value Tables

American Eagle Outfitters Annual Report

Pacific Sunwear 2004 Annual Report

Industry Ratio Report

Table of Contents provided by Publisher. All Rights Reserved.