Financial Accounting (5th edition) by Libby, Libby and Short

Publisher: McGraw-Hill/Irwin
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Product Description

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.

Customer Reviews

Great way to start accounting.

Review Date: December 17, 2007

Reviewer: Sanjay Gulati, Fairfield,CT

It is really a great book in all respects. The chapters are well organized and online material along with book is great way to learn and grasp accounting concepts.
The exercises are very good and some answers are provided on line and I think is good enough to verify the answers.

I love the book and is fun to read.

Excellent introductory accounting overview

Review Date: April 12, 2008

Reviewer: Adam Harpool, Florida, USA

This textbook was used in my introductory financial accounting course at the University of Florida, and I am planning on repurchasing it in the next few months as part of a comprehensive accounting review before starting an internship with a large professional services/accountancy firm. For a textbook, it is remarkably well-written and concise (and dare I say it...for people who enjoy accounting, enjoyable!); the real-world cases and international examples (i.e., international harmonization of standards as well as major divergences, such as the lack of LIFO in many countries) are highly relevant and help to establish a connection between the theory and real-world practices. There are more than enough practice problems to ensure mastery of the material that is covered, and as a person who is often frustrated at the abysmal lack of mention of ethics in many (if not most) business courses and texts, I was very pleased that this text provides numerous discussions of the irreducible necessity of highly ethical accounting in the post-Enron/Worldcom, Sox-driven and increasingly regulated world of the 21st century. Overall, this is a highly useful reference for those looking for a quick refresher of basic accounting and GAAP, as well as those learning financial accounting for the very first time.

Great for self learners and more

Review Date: December 28, 2008

Reviewer: Carol S. Jackson, WV USA

This book is very easy to understand and simply reading and doing half the practice problems will give you a great understanding of the subject (assuming you have correct answers to check yourself with). This is not like some math book where you will get confused in the first chapter, 90% of the explanations make sense.

The book I ordered did not come with an online code so I could only access a few of the online questions (and some of the multiple choice answers were wrong). The authors should include answers but hopefully your professor will do that for you as mine did.

Exactly as described and shipped quickly!

Review Date: October 5, 2009

Reviewer: Abigail M. Cartwright, East Lansing, MI USA

This was the exact book i need a great price and was shipped incredibly quickly!

Great purchase

Review Date: August 23, 2010

Reviewer: T. Greer, East Lansing, MI

This was an excellent purchase, and shipped in plenty of time for me to use at school - thanks!