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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.
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
American Eagle Outfitters 2006 Annual Report
Urban Outfitters 2006 10-K Report
Industry Ratio Report
(available at www.mhhe.com/libby6e): The Formal Recordkeeping System
Table of Contents provided by Publisher. All Rights Reserved.