Comprehensiveness rating: 4 see less. Chapters contain the right amount of content. Not too long with out breakup diagrams or examples etc. The text covers all of the topics normally found in an introductory financial accounting principles of accounting I text.
The table of contents essentially mirrors the table of contents found in the leading texts in this field. I like that Comprehensiveness rating: 5 see less. I like that this text also covers the classified balance sheet, financial disclosures and partnerships.
The content is up-to-date. Introductory accounting does not change often so future updates should be minimal. The authors used the year in most of the problem and examples. This might make the text "seem" out-of-date in a few years. The book is clear and concise. The topics are clearly explained and the technical terminology is appropriate for an introductory level. The text is divided into topical chapters, which is appropriate considering that the concepts build on each other.
The chapters are further subdivided into sub-topics. This makes it easy for an instructor to pick which sub-topics to cover. Excellent organization and flow. The concepts logically build upon each other and the material is presented in a clear fashion. The HTML interface is excellent. The book has good graphics, end of chapter content, and even video examples. Excellent book that is comparable to any of the leading financial accounting titles.
The authors even provide end of chapter problems, videos, and interactive Excel problems for students. Overall, a great resource! I commend the authors for making something of this caliber freely available. The content of this textbook matches the content and organization of most introductory financial accounting textbooks. It is written by Canadian authors, but is relevant to US students. The text begins by explaining the role of financial The text begins by explaining the role of financial accounting in society, and then describes the underlying structure of double entry accounting systems and the process of recording economic events that impact the value of the organization through the journals and the ledger.
The records of these events are then summarized into the primary financial statements. The numeric subtotals and totals on these statements are used to calculate standard financial measures and ratios used to evaluate the organization's performance. The text's organization then proceeds sequentially through the balance sheet accounts, explaining in more detail how the accounting for each category of economic value is recorded and reported. The author's decision to move the most complex content to the end of the book matches how most faculty choose to organize their coverage of these topics.
My reviewed resulted in highest marks regarding accuracy. The only possible concern I would mention here is that the authors use a commonly used technique in chapter two which sometimes leads to students misunderstanding that revenues and expenses are not part of owners' equity until the revenues and expenses are closed at year end to retained earnings.
It is my preference to teach introductory students that revenues and expenses are distinct and separate from equity, and then explain that revenues and expenses ultimately get closed to equity. So, this is not an inaccuracy by the authors, just a point that some instructors may want to know before adopting the textbook.
It is my opinion that the content of this textbook will be relevant and current for at least a decade. Any changes made to accounting principles, Canadian or International, will be very easy and straightforward to update. It is my opinion that the clarity of this text is very high. The authors are succinct and use visuals often to highlight the theoretical structures.
This test is very consistent with the framework that is set up by the authors in the beginning of the text. The textbook is very clearly divided into separable modules, making it easy for both students to read and for instructors to choose which modules to include in their course. It begins by explaining the role of financial accounting in society, and then describes the underlying structure of double entry accounting systems and the process of recording economic events that impact the value of the organization through the journals and the ledger.
The online text worked perfectly in my Chrome browser. The end of chapter exercises and problems are perfectly formatted on the screen. All assessment materials quizzes, exams, etc. I found the grammar to be very clear, concise and very effective. Add to basket: Paperback. Company Secretary's Checklists is the best-selling A-Z checklist guide for the most common company secretarial tasks and transactions. Coverage is comprehensive and details the procedures associated with boards of directors, company meetings, reporting, shares, and share registration.
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