Product Description: Financial Accounting: A Valuation Emphasis integrates an understanding of valuation concepts with accounting principles. The authors place considerable emphasis on the economic consequences of accounting practices. You’ll develop a solid background in basic accounting processes and disclosures, and the critical role of accounting in valuation. The book Features
Highlights the valuation and economic consequences of core accounting concepts.
Emphasizes the construction of accounting information and how that information affects the value of the firm.
Offers an inviting and accessible presentation, with real-world examples and transactions.
Provides an early treatment of statement of cash flows and financial statement analysis.
Illustrates key concepts, including valuation models through an integrated example of a hypothetical company.
Helps you appreciate the significance of accounting information to managers, investors, regulators, and others with an interest in the firm's affairs.
Rip-off I am using the 11th edition of this "textbook".
The first thing that I disliked about this book was that the student slides have to be purchased separately. With the book not covering the material in depth, I thought I would find atleast the student site on the web would be useful but was dismayed that we need to pay additional (this on top of $108 + taxes) for using the web features.
About the book, the book doesn't cover all the items in detail as I had expected. Examples used in the textbook is very lame. Please compare to "Financial Accounting: A Decision-Making Approach, 2nd Edition" to see for yourself what I am trying to convey!
The end of chapter summary is another letdown. I usually use the end of chapter material as a revision tool before each class and before exams. The organization of this book's end of chapter material totally unusable.
I am not all whining abt the book. The only good thing about the book is the chapter end exercises ('Applying your Knowledge' and 'Using real data') which are very challenging and if you have the time to work on them will really help understand the subject. Again if they had given these real data problems in the web those pages could have been used to explain the subject in detail.
A word for fellow students, if you plan to use you textbook as future reference book this is not the one for you! If your instructor 'prescribes' this book, believe me... there are better textbooks than this.
-MBA Junkie
Newly selected by Carnegie Mellon University Actually, I have not read this book. But my classmates say it is great.
Anything Goes Trivia
Megaton Man
Tailipoe
Trevor
