Robert Libby ; Patricia Libby ; Frank Hodge
This book was written by Libby, Libby, and Hodge on the basis of their conviction that the topic of financial accounting is intrinsically intriguing, but that textbooks on financial accounting are not always interesting. They are of the opinion that accounting is a fascinating topic of study, as well as one that is essential for pursuing a career in business in the future. When they were producing this text, they used professional relevance as a guide to select information, and the requirement to engage the student as a guide for how the text should be written, how it should be taught, and how it should be designed. In each and every chapter of the 11th edition of Financial Accounting, a real-world, single-focus corporate method is successfully implemented. Regardless of whether a student intends to concentrate in accounting or not, they will find the organizations selected to be interesting, and the decision-making focus will demonstrate the importance of financial accounting. When it comes to instructing transaction analysis, Libby/Libby/Hodge is a proponent of the building-block approach. The vast majority of professors concur that having a solid understanding of the accounting cycle is essential to achieving success in financial accounting. Despite this consensus, the majority of financial texts only devote one chapter to the introduction and development of transaction analysis, which can be overwhelming for students at the beginning of the course. The writers ease students into the concept of transactions by taking it gently at first, giving them the opportunity to practice and become proficient. This approach to teaching accounting fundamentals paves the way for improved student success when they go on to more advanced topics in financial accounting including correcting entries.