Financial accounting /
Robert Libby, Cornell University, Patricia A. Libby, Ithaca College, Daniel G. Short, Texas Christian University.
- Eighth edition.
- 1 volume (various pagings) : color illustrations ; 29 cm
Includes index.
Financial statements and business decisions -- Focus company: Le-Nature's Inc. -- Investing and financing decisions and the accounting system -- Focus company: Chipotle Mexican Grill -- Operating decisions and the accounting system -- Focus company: Chipotle Mexican Grill -- Adjustments, financial statements, and the quality of earnings -- Focus company: Chipotle Mexican Grill -- Communicating and interpreting accounting information -- Focus company: Apple Inc. -- Reporting and interpreting sales revenue, receivables, and cash -- Focus company: Deckers Outdoor Corporation -- Reporting and interpreting cost of goods sold and inventory -- Focus company: Harley-Davidson, Inc. -- Reporting and interpreting property, plant, and equipment; intangibles; and natural resources -- Focus company: Southwest Airlines -- Reporting and interpreting liabilities -- Focus company: Starbucks -- Reporting and interpreting bonds -- Focus company: AT&T -- Reporting and interpreting owners' equity -- Focus company: The Kroger Co. -- Statement of cash flows -- Focus company: National Beverage Corp. -- Analyzing financial statements -- Focus company: The Home Depot -- Appendix A: Present and future value tables -- Appendix B: American Eagle Outfitters, Inc., Form 10-K Annual Report -- Appendix C: Urban Outfitters, Inc., Form 10-K Annual Report -- Appendix D: Industry ratio report -- Appendix E: Reporting and interpreting investments in other corporations -- Focus company: The Washington Post Company -- Glossary.
This text implements 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. Mastery of the accounting cycle is critical to success in financial accounting. This book uses the building-block approach to teaching transaction analysis. By slowing down the introduction of transactions and giving students time to practice and gain mastery, this building-block approach leads to greater student success in their study of later topics in financial accounting such as adjusting entries.