Financial Accounting: An Introduction to Concepts, Methods and Uses (Available Titles CengageNOW)

This is a decent book. It is mostly well written and full of practical examples. In fairness, if you are looking for a book that you can extract the material without reading the text (handbook style) than this isn't it. The authors organize the book in a unique way. They discuss financial reports in some detail and then reiterate the reports in individual chapters. At first it was frustratingly redundant; however, it was also an effective organization for thoroughly learning the material.

I was new to this topic as I have been in the healthcare field. So for a layperson, this book wasn't too difficult to understand. A few parts were confusing but for the most part it did help me with class homeworks and to pass the class. It was a required book so I had to buy it, but I would recommend it if you want to learn about the subject or if you have to buy it for class.

I had this as required text for Financial Accounting class which is a core class for accounting. Absolutely thorough analysis. Really brings together 3 major things in accounting priciples: the scenario, the JE and the effect on statement. The examples at the end of the chapter are well thought of. Sometimes I was going "this is easy" only to find out later I ignored something right in front of me. I am hanging on to this book beyond the class.

You likely need to have this book for class. If you want if for some other reason, I would recommend a different text. The present critical reviews are all spot-on, and here are my two cents.The organization of the content is scattershot. You'll find yourself frequently turning forward and back several pages to reference a chart or table the text discusses. There is no shortage of examples as the book moves from concept to concept, though it frequently commits the sin of showing but not telling. Another reviewer described it as equivalent to watching an accountant zip through the work, then ask if you got it. That's it exactly. The rationale behind why certain mechanics work as they do is explained either five pages away from the examples, or sometimes explained only half way. Granted, basic accounting becomes intuitive once you grasp accounting logic and rationale, but this book seems to operate under the assumption that you can learn by deduction. I don't know that accounting is the best subject to learn by deduction.I have a particular beef with chapter two. Chapter two is new to this edition, and the reason why Schipper and Francis are up there on the cover. This is apparently the Duke University crash course in balance sheets and income statements. What should have been a simple two-part discussion - balance sheet and income statement - turned into a meandering analysis of the two at once. What the advantage of the Duke method may be is a mystery to me, as it seems nothing but a hot mess of poorly fleshed-out examples and a sloppy how-to guide on T-accounts.The professor I had who taught from this book spoke highly of previous editions, but even he had some creative things to say about Ed. 13, the Duke Chapter in particular. If you can survive this book, you'll probably do all right in accounting. Hopefully you don't have to pay too much for the text

Chapters 1 and 2 provide the foundation of accounting and it breaks it down from there. Easy to use and read. I did find it odd that it used other currency such as pounds and euros, but the concept was the same.

I bought this book for my Financial Accounting class. This book explains things precisely and clearly. Another reminder is that: make sure your book is up to date! The rules of Financial Accounting changes quickly and the book is under a continuous adjusting~

This textbook is a disaster. As the other reviewers have stated, the chapters do not list step by step examples with calculations and there is very littlel explanation of even the most basic concepts. For those of us not in the accounting profession, we struggle to find meaning and solve our homework problems. The problems within the book are not comparable to what is in the chapter content so it gets EXTREMELY confusing and there is no answer key in the back to give the slightest bit of guidance. As mentioned it seems each chapter refers to multiple concepts and multiple chapters which send you on a wild goose chase, A TEXT BOOK SHOULD NOT REQUIRE SO MUCH EFFORT!It is a struggle to make sense of the mayhem contained in each chapter and there is not flow throughout the book. I think the authors assume the student already knows this material all too well, and let's face it this is not a class for the accounting professional.As other reviewers stated, the book does very little explaining leaving a lot for you to figure out on your own. I, too, found the review which mentioned watching an expert accountant fly through the work they do daily and expecting you to understand it right on. This book is hard to pay attention to, and hard to comprehend and follow intelligently.This book is one of the most terrible and worthless MBA textbooks I've had. To the rest of you in a similar situation, good luck and to the professors reading this, pick a better text book.

The book is as advertised. There are no issues with the quality. I didn't find any highlights or writing. The book itself I actually didn't use very much in the class, so I can't comment to the actual content.

Great introduction to financial principles.