Study Guide to accompany Financial Accounting 5e

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

• ISBN13: 9780072931211
• ISBN10: 0072931213
• Edition: 5th
• Format: Paperback
• Copyright: 2005-11-28
• Publisher: McGraw-Hill/Irwin

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	1	(32)
Investing and Financing Decisions and the Balance Sheet	33	(40)
Operating Decisions and the Income Statement	73	(42)
Adjustments, Financial Statements, and the Quality of Earnings	115	(34)
Communicating and Interpreting Accounting Information	149	(34)
Reporting and Interpreting Sales Revenue, Receivables, and Cash	183	(40)
Reporting and Interpreting Cost of Goods Sold and Inventory	223	(34)
Reporting and Interpreting Property, Plant, and Equipment; Natural Resources; and Intangibles	257	(32)
Reporting and Interpreting Liabilities	289	(30)
Reporting and Interpreting Bonds	319	(36)
Reporting and Interpreting Owners' Equity	355	(32)
Reporting and Interpreting Investments in Other Corporations	387	(42)
Statement of Cash Flows	429	(30)
Analyzing Financial Statements	459