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Financial Accounting

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Title: Financial Accounting
by W. Steve Albrecht, James D. Stice, Earl K. Stice, K. Fred Financial Accounting Skousen
ISBN: 0-324-06670-8
Publisher: South-Western College Pub
Pub. Date: 16 March, 2001
Format: Hardcover
Volumes: 1
List Price(USD): $107.95
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Average Customer Rating: 4 (8 reviews)

Customer Reviews

Rating: 5
Summary: excellent intro book!
Comment: excellent intro book! and a great read too ;)

Rating: 1
Summary: management accouting for steve albrecht, et al
Comment: this text hasn't included solutions manual that's big trouble for student

Rating: 2
Summary: Missing major material
Comment: This book was required for my accounting class. It seems the have the holes of Swiss cheese though. While it probably covers the basics of Financial Accounting as well as any other book, it lacks some things that I thought would be entirely useful. For example only the odd exercises have the solutions in the back. Maybe it's just me, but I expect all since I'm in college. Furthermore, despite the copyright date of 2002, this edition contains a lot of old material. It lists Market Capitalization information about Microsoft from the spring and summer of 2000, the peak in stock prices. Also in the first chapter it speaks of accounting ethics and references a speech made in 1998 by the chairman of the SEC. It makes no mention to the scandals of Enron, WorldCom etc. (Enron declared bankruptcy on Dec. 2, 2001.) This edition appears to be just a desire by the authors to put out a new edition to limit the used book trade of the 7th edition and make more money for the authors.
If you can avoid it, do not buy this edition new.

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