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Financial Accounting: A Business Process Approach (3rd Edition), by Jane L. Reimers
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Relevance for majors and non-majors–accounting concepts explained in a business context.
Financial Accounting: A Business Process Approach explains accounting concepts in a way all readers can understand by organizing the material around how a business works. This text’s business process approach presents a business topic and then shows the accounting concepts behind it–rather than solely explaining accounting concepts based on the balance sheet order.
- Sales Rank: #182634 in Books
- Brand: Brand: Prentice Hall
- Published on: 2010-03-01
- Original language: English
- Number of items: 1
- Dimensions: 10.90" h x 1.10" w x 8.80" l, 3.40 pounds
- Binding: Hardcover
- 648 pages
- Used Book in Good Condition
From the Back Cover
Financial Accounting: A Business Process Approachexplains accounting concepts in a way all readers can understand by organizing the material around how a business works.
Business: What's It All About?; Qualities of Accounting Information; Accruals and Deferrals: Timing Is Everything in Accounting; Payment for Goods and Services: Cash and Accounts Receivable; The Purchase and Sale of Inventory; Acquisition and Use of Long-Term Assets; Accounting for Liabilities; Accounting for Shareholders' Equity; Preparing and Analyzing the Statement of Cash Flows; Using Financial Statement Analysis to Evaluate Firm Performance; Quality of Earnings, Corporate Governance, and IFRS
For readers interested in learning financial accounting through how businesses operate.
About the Author
Jane Reimers has taught introductory financial accounting for over 20 years, to students with a wide range of abilities and backgrounds. After earning her Ph.D. from the University of Michigan, where she first taught financial accounting, she spent four years at Duke, fourteen years at Florida State, and the past three years at Rollins College in Winter Park, Florida. Her students have been traditional and non-traditional, and they have been accounting and other business majors, economics majors, fashion design majors, sports management majors, and even IRS employees who needed an introductory course in financial accounting. She has lectured in auditoriums, taught in small- and medium sized-classrooms, and coordinated an on-line course for hundreds of students. With an undergraduate degree in education and graduate degrees in accounting and a wealth of teaching experience, she has written a book for this exact time in the history of accounting education. She hopes both students and instructors come away with the enthusiasm and respect she has for accounting.
Most helpful customer reviews
1 of 1 people found the following review helpful.
Good info, needlessly complicated
By G. Mandelbaum
Accounting is rule-driven and reductive. It seeks to standardize. In practice, you don't reinvent the format of financial statements (cheats use omission or exaggeration, not novel formats). So why do academics and textbook publishers make beginners wade through obscure and idiosyncratic reimaginings of straightforward content instead of focusing on clearly conveying the real-world skills one would need to survive along enough to acquire nuance through experience? This introduction to accounting constantly derails relevant concepts with intrusive parentheticals and asides that likely reflect the author's academic research and her signature organizational perspective. Visually, the most maddening "improvement" on reality is the "Accounting Equation Worksheet," a needlessly abstract variation on a common theme. Here it is a single Mondrianesque color-coded chart that combines the various financial statements, but without the contextual benefit of what they actually look like. There are myriad better, clearer versions online, and thank goodness for the internet! Perhaps the publisher is too cheap to print examples of real statements for step by step real examples or believes these dopey conceptual matrices effectively differentiate their product in a competitive market; to me, the burdensome and ubiquitous Worksheet renders the overpriced and equally fussy My Accounting Lab add-on all but useless. A week into the course, I gave up trying to understand the book and rely instead on simple, straightforward, professionally written online articles, many of them by academics with a more practical objective - to teach real people accounting as efficiently as possible. I would not recommend this book to instructors whose their jobs rely in part on student eval scores. To professors, textbook authors and other royalty generators, consider the adult end-user whose goal is right work and use your brilliance not to showcase, but to simplify.
4 of 5 people found the following review helpful.
NO ONLINE ACCESS CODE INCLUDED!!!
By P. Ramsey
I wanted everyone to know that all this includes is the book. I got a replacement and they still did not send me any access code! Save yourself the hassle and order directly from Pearson.
1 of 1 people found the following review helpful.
Financial Accounting
By Muhammad Subhani
I have only read two chapters and they seem to be quite informative. This is my first ever financial course.
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