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Financial Accounting: An Introduction to Concepts, Methods and Uses
Download Financial Accounting: An Introduction to Concepts, Methods and Uses
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About the Author
Roman L. Weil, Ph.D., CPA, is the V. Duane Rath Professor Emeritus of Accounting at the University of Chicago and has within recent years been Visiting Professor at the Haas School of the University of California, Berkeley; Carnegie Mellon University; Harvard Law School; Princeton University; and New York University. He has designed and implemented continuing education programs for partners at two of the large accounting firms and for employees at several operating corporations. Dr. Weil has co-authored dozens of books. His lay articles have appeared in Barron's and The Wall Street Journal. He has published more than 80 articles in academic and professional journals, most recently on financial literacy for corporate governance and on the exposure of wine snobbery.
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Product details
Hardcover: 864 pages
Publisher: Cengage Learning; 14 edition (November 8, 2012)
Language: English
ISBN-10: 1111823456
ISBN-13: 978-1111823450
Product Dimensions:
8.5 x 1.3 x 11 inches
Shipping Weight: 1.8 pounds (View shipping rates and policies)
Average Customer Review:
2.8 out of 5 stars
69 customer reviews
Amazon Best Sellers Rank:
#188,496 in Books (See Top 100 in Books)
This was the recommended book for my MBA class for Financial Accounting. I've no prior background in Accounting and this my limited knowledge of accounting, but this doesn't seem to be a very good. The professor also conceded that he won't be using this book in the future. I'll explain the reasons:- Too many typos- Very verbose- The examples are stretched out over multiple chapters. Now that's not a bad thing by itself, in fact it adds a layer of consistency. But the parts of the example that is being discussed in subsequent chapters are not repeated in the current chapter but we're asked to go back and refer to the original example in Chapter 1. I found that tiresome.- Our professor had the key to all the problems at the end of each chapter, and that helped a lot. In fact I think I learned more from the problems and their solutions than the chapters themselves.
I have to agree with the other reviews about this book. I'm using it only because it's required for the MBA/MS Finance level Accounting class. The only reason I could see that they might have chosen this book is that its focus is on financial reporting as opposed to being a traditional Financial Accounting 101 book. There are 2 huge problems in my mind so far: the text is organized in a very clunky fashion. The author skips around quite a bit, particularly in the 1st and 2nd chapters. For instance, in the section on the Balance Sheet, the text explanation refers you back to a balance sheet that was presented several pages previously. So you're continually flipping back and forth to see how they constructed the actual balance sheet to get the gist of what the author is trying to present. The other major bone of contention is that the text is verbose and could explain a lot of material in simpler language. In some ways it feels as though the author forgot that this is a 101 level textbook and hasn't bothered to put himself in his audience's shoes. In other words, you need to be able to walk before you run. The presentation just appears to have been geared to folks who are already immersed in the jargon. Long story short, I wouldn't recommend this book if you have other choices. Unfortunately, once a school chooses its textbook, it doesn't appear to be likely they will switch any time soon. That's my 2 cents.
The information presented is decent enough, but the errors in the graphics are egregious and start in chapter 1. Even the powerpoint slides that are provided for instructors have errors. Journal entries improperly displayed: indenting the wrong line items, putting the debits in the credits column. It is appalling that such obvious errors - even to those unfamiliar with the concepts - should escape notice of the editors. Confused most of the class I was taking for my MBA. Fortunately some of us were aware enough to point out the errors to the instructor and enlighten the class. Tough to go back and review when the examples are wrong.For the amount of money charged for these textbooks, it is appalling how poorly they are done.
This is the absolute worst textbook I have ever worked with. There are numerous typographical errors, in an ACCOUNTING book! The writing style is confusing and convoluted, making learning an introduction to accounting very difficult. The problem sets are unnecessarily confusing and not written well. Thankfully, our professor is great and clarifies everything in class. If your accounting class uses this text and the professor is less than stellar, you will find the class very difficult.
I had to use this book for my first MBA class this summer. It's hands down the worst academic book I've had to read. Trying to solve the questions at the end of the chapter took an asinine amount of time to complete. Why? Because clear examples weren't given in the chapters. I spent more time on YouTube getting a better understanding than I did reading this book. My professor kept saying it's the best book out there, but I have a very hard time believing that. My accountant sister-in-law helped me out a few times, and she just shook her head trying to read the homework assignments.
Who writes math equations in sentences? If you are a beginner for accounting, this book is not for you. Very hard to follow, and refers back to complex exhibits introduced in subsequent chapters, so lots of flipping back and forth to even attempt to follow. The self study questions ask about concepts that aren't covered often in the text before it, so lots of guesswork that leads to further confusion.If your professor has you using this book, give them honest feedback about your experiences with it. Unless they teach you the concepts in class and use the text as somewhat of a reference, you are better off just going to YouTube to learn it all or just go for Accounting for Dummies.DO NOT RECOMMEND YOU USE THIS BOOK
A terrible book - inconsistent information, the most simplistic example problems are shown in detail, but this is too limited to help you figure out how to solve a more complex problem. The problems sometimes use values in the tables in the back of the book, but there is no reference to this fact in the chapter or the sample problems, leaving you to wonder where a value came from. Most terms are poorly explained - a google search yields significantly better insight.As it is unlikely someone is purchasing this book without it being an assigned textbook, I feel your pain!
The book is unnecessarily confusing. I would never have used the book if my professor didn't ask for it. The book is so haphazard that even if you do know accounting, it would make you question your knowledge. I have been following my professor's lecture and staying away from the book to keep my knowledge intact and not to get confused. It's better to use the exercises only. Do not go through the chapters. After you learned your lessons, then the chapters can be helpful, but before you start your lesson, do not go through the chapters.
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