"I would urge [our academic coordinator] to strongly look at this book, as having been changed significantly and positively since the last time he probably looked at it. I would also suggest it to colleagues at other schools, where the course was appropriate, if they asked me for ideas."
"Needles/Powers is the most readable comprehensive text on the market. Even poor readers can and do learn from the text. Most importantly, Needles/Powers allows the instructor flexibility in teaching style and material emphasis. Needles works well whether you teach from a preparer or user approach."
I used this Textbook in my MBA Financial Accounting course at DePaul Unversity in Chicago, IL. I had very little knowledge of the topic before I took this class.
This book is well written, well organized, and is not too wordy. Because of the depth of this book and its brevity, every sentence is important and I found I had to reread chapters about three times before I really understood the material.
I did notice a few minor typos in the chapter exercises, but for the most part I found it extremely accurate.
This is a difficult subject and this book covers much material. Each chapter must be read carefully. To fully understand the material, I highly encourage doing the exercises in the back of each chapter. Houghton Mifflin has the answer keys in Excel files on their web site, but you need a password to get it.
I can understand the person who found this book confusing. I don't think this book is great for somebody new to the subject. But after getting your feet wet in the subject, this is an excellent text.
This book will make a wonderful reference for years to come. In fact, my father, a small business owner wants my copy.
I used this book for my Financial Accounting I course I took this past Spring working towards my Bachelors degree. This was in the first accounting course and I really didn't know too much about accounting beforehand. While the book overall is a good text and full of helpful information and examples, the first chapter or two were totally useless because they approached accounting pragmatically and tried to cover too many fundamentals too soon. Accounting is not an easy subject and theres no easy way to get started with it. However, my professor (who had used the book before) skipped over the first couple chapters and taught us the fundamentals using her own method which did work very well and then the rest of the book made more sense. At times it seems the book might cover a topic or circumstance in only one or two sentences and then will have a problem or two that deal more extensively with that short concept. The only reason I could think they did this was to stimulate creativity and learning and force the student to figure out how to mold the various principles to fit a particular "new" situation rather than just have you memorize some rules. Some might not like this method...
I started out with practically no knowledge of accounting - this book did a very impressive job of introducing me to the various concepts. I can now read and understand the financial statements put out by the companies. Our professor used this book very extensively - he would talk about a topic and then point out the page numbers where the authors had written about that topic.
This is a pretty good reference too - I have refered to the book many times when I see certain accounting terms used in the press. The authors have kept the explanation very concise and have inserted examples that capture the essence of the explanation.
I found the book to be very expensive though.
Product Details :
Hardcover: 736 pages
Publisher: Cengage Learning; 11 edition (December 20, 2010)
Language: English
ISBN-10: 053847601X
ISBN-13: 978-0538476010
Product Dimensions: 9.2 x 1.1 x 11.1 inches
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