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You are here > Home > Reading Lists > Finance & Accounting > Introduction to Financial Accounting

Introduction to Financial Accounting: A User Perspective, 3rd Edition
Michael Werner, Kumen Jones

Hardcover, 592 pages
Size: 11.2" x 8.7"
ISBN 013032759X
Prentice Hall
May 2003
Price: $154.00

 

This introduction to accounting, and its significant role in making sound business decisions, shows readers how to be wise users, not necessarily just preparers of accounting information -- a focus endorsed and supported by the AECC. 

The authors put accounting information into the broader business context, emphasizing what accounting information is, why it is important, and how it is used to make strategic economic decisions.

The world is changing, accounting education is changing, and so are accounting textbooks. Our book is no exception. In this edition, we have incorporated a number of changes that we believe will make this book an even better teaching resource than previous editions. In addition to rewriting much of the material for improved clarity, we have integrated coverage of the statement of cash flows and key financial ratios throughout the text. We also consolidated the two balance sheet chapters into one. In this edition, we added significantly to the assignment material and improved its alignment with the topics covered in each chapter. We have revised the chapter opening vignettes to increase student interest and to suggest the need for the accounting applications covered in the chapters. You will find that these changes, along with many others, help make this text an easy-to-use tool to teach beginning accounting students.

We believe this text provides tools to actively involve students in their learning processes. The conversational tone of the text, its user perspective, and the logical presentation of topics all contribute to the ability of this text to meet that goal. However, several features are particularly important in developing a classroom atmosphere in which students share ideas, ask questions, and relate their learning to the world around them.

Throughout each chapter of the text, you will find Discussion Questions (DQs) that challenge students to reach beyond the surface of the written text to determine answers. Far from typical review questions, for which the students can scan a few pages of the text to locate an answer, many of the DQs provide relevant learning by relating students' personal experiences to the knowledge they gain through the text. The DQs provide a variety of classroom experiences:

  • Many DQs provide the basis for lively classroom discussions, requiring students to think about issues and formulate or defend their opinions.
  • Some DQs are springboards for group assignments (in or out of the classroom) to put cooperative learning into practice.
  • DQs may be assigned as individual writing assignments to allow students to practice and develop their writing skills.
  • Combining individually written DO responses with follow-up group discussions can spark lively debate!
  • Having students keep a journal of their responses to all DQs (regardless of whether they are used in another way) encourages contemplation of accounting concepts.

The DQs comprise an important part of the text's pedagogy designed to emphasize important points that students may skim across in their initial reading. Even if they are not formally part of the required work for your course, students will gain a greater understanding of the concepts discussed when they take time to consider each question as part of the text.

Students get enthused about accounting when working with real companies. Chapter F1 and its appendix provide students with the knowledge they need to use library and Internet resources to research real companies. The chapter also introduces students to the annual report and Form 10-K. We included the Pier 1 Imports, Inc., annual report with our text with the hope that instructors will find it a helpful resource for class examples. We also use Pier 1's annual report for selected assignment material and to demonstrate financial analysis in Chapter F11.

Aside from its support for the interactive classroom, a major distinction of this text is its total separation of the use of accounting information and its preparation.

(information from the publisher & authors)

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