We view this textbook as a guide. In constructing these seventeen chapters, we have worked to lead you on a voyage through the world of business and financial reporting. We want to help you attain a usable knowledge of the principles of financial accounting as well as an appreciation for its importance and logic. By learning its theory, presentation, and procedures, individuals become capable of using financial accounting to make prudent business decisions. That is an important goal regardless of the direction of your career. We have relied on our experience as teachers to highlight the aspects of this material that make it interesting, logical, and relevant.
We believe that it has an educationally creative structure that will promote your learning and make the educational process more effective and more interesting:
- Opening videos for the chapters
- Socratic method used consistently throughout the book
- Embedded multiple-choice questions
- Discussions with both an investment analyst and an international accounting expert
- Closing videos establishing top-five lists for each chapter
- Two end-of-chapter “video problems” in each chapter where questions are posed and a video is available so students can watch one of the authors explain his version of the answer
- A “research assignment” at the end of each chapter designed to help students uncover and analyze the wealth of information available on the Internet