Accounting Standards (US and International) have been updated to reflect the latest pronouncements. * An increased international focus with more coverage of IASC and non-US GAAPs and more non-US examples.
Customer Reviews:
Avg. Customer Rating: 3.5 / 5.0
Took way to long to ship:
I ordered this book right at the start of my semester. It finally arrived nearly 2 weeks later. It was in normal condition, neither great nor bad, but not necessary after the long wait.
More useful if it were complete:
This book is not bad, but it's not the best, either. First, a lot of the problems in the book are incomplete (e.g.: they tell you to depreciate an item but don't give you the salvage value). And they also don't give many formulas, but they ask you to come up with them on your own, (e.g. Free Cash Flow). Some of the cases and problems are pretty vague, leaving you to fill in a lot of blanks that are integral to the problem. This book is also becoming increasingly obsolete. (e.g. it was written... more info
Very confusing textbook:
I agree with the more critical reviewers. I'm reading the book for the CFA curriculum and the (mandatory) assignments taken from it are a real pain. The ideas are introduced in the most difficult way possible, the graphical presentation and examples chosen only add to the confusion and in my opinion a reader who does not already have a solid grasp of accounting will simply be unable to follow. By comparison, the other accounting chapters from the CFA curriculum, by different authors, are written in a much... more info
Great Resource:
Anyone can benefit from this book. In addition to great credit fundamental instruction, this book is filled with real life examples of financial statement manipulation. This book is a must if you are reviewing financial statements or buying stocks.
