My reviewed resulted in highest marks regarding accuracy. The author's decision to move the most complex content to the end of the book matches how most faculty choose to organize their coverage of these topics. The text's organization then proceeds sequentially through the balance sheet accounts, explaining in more detail how the accounting for each category of economic value is recorded and reported. The numeric subtotals and totals on these statements are used to calculate standard financial measures and ratios used to evaluate the organization's performance. The records of these events are then summarized into the primary financial statements. The text begins by explaining the role of financial accounting in society, and then describes the underlying structure of double entry accounting systems and the process of recording economic events that impact the value of the organization through the journals and the ledger. It is written by Canadian authors, but is relevant to US students. The content of this textbook matches the content and organization of most introductory financial accounting textbooks. Reviewed by Margarita Maria Lenk, Associate Professor, Colorado State University on 1/7/16 Overall, a great resource! I commend the authors for making something of this caliber freely available. The authors even provide end of chapter problems, videos, and interactive Excel problems for students. The text is not culturally insensitive or offensive in any wayĮxcellent book that is comparable to any of the leading financial accounting titles. The book has good graphics, end of chapter content, and even video examples. The concepts logically build upon each other and the material is presented in a clear fashion. This makes it easy for an instructor to pick which sub-topics to cover.Įxcellent organization and flow. The chapters are further subdivided into sub-topics. The text is divided into topical chapters, which is appropriate considering that the concepts build on each other. The writing, style, and formatting are consistent throughout this text. The topics are clearly explained and the technical terminology is appropriate for an introductory level. This might make the text "seem" out-of-date in a few years. The authors used the year 2015 in most of the problem and examples. Introductory accounting does not change often so future updates should be minimal. I like that this text also covers the classified balance sheet, financial disclosures and partnerships.Ĭontent is error-free, accurate, and unbiased. The table of contents essentially mirrors the table of contents found in the leading texts in this field. The text covers all of the topics normally found in an introductory financial accounting (principles of accounting I) text. Reviewed by Patty Goedl, Associate Professor, University of Cincinnati Clermont College on 3/27/18 Nice work! I will definitely consider adopting. To the contrary, the graphics and flow charts break up the material very nicely. Standard flow of chapters with excellent subdivisions.
Not too long with out breakup diagrams or examples etc. Very straightforward.Ĭhapters contain the right amount of content. Problems are presented clearly and with good font size. Might be better to wait until that chapter instead of also discussing it in Chapter One.lots of material for opening week.
I appreciate how the Statement of Cash Flows has a separate chapter towards the end of the book. Reviewed by Lawrence Overlan, Part-time Professor, Bunker Hill Community College on 6/4/20 Journalism, Media Studies & Communications.
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