Fundamentals of Financial Accounting 5th Edition
One of the most widely used introductory accounting textbooks, Phillips/Libby/Libby Fundamentals of Financial Accounting focuses on three key attributes.
Engaging Writing. Fundamentals of Financial Accounting introduces students to financial accounting using an appropriate mix of conversational wording, clear and concise presentations, and everyday examples. It does this without ever sacrificing its rigor or the concepts that are important to grasping financial accounting. Students can feel comfortable as they are introduced to the world of financial accounting. Relevant Focus Companies. Each chapter of Fundamentals of Financial Accounting makes financial accounting come alive by using a real company whose products and services are popular with students. Students learn financial accounting concepts through the use of examples from such companies as American Eagle (clothing), Koss Corporation (headphones), and Under Armour (sportswear).
Proven Pedagogy. The authors’ approach to introducing the accounting cycle and using visual aids throughout the textbook has been tested in peer-reviewed, published research studies. One of these award-winning studies has shown that the accounting cycle approach used in this textbook yields learning gains that outpace approaches used in other textbooks by a significant margin. The current edition of this textbook also integrates an award-winning continuing case in the assignment materials for Chapters 5–12. This continuing case enables your students to learn key accounting judgments that affect business decisions in the workplace. Through ongoing research and development of innovative material, the authors are committed to helping your students succeed in accounting.
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