For courses in Introductory Accounting.
The leading programmed text in accounting, Essentials of Accounting is a self-teaching, self-paced introduction to financial accounting for active users of business data - rather than preparers of accounting information (bookkeepers).
It presents the ideas and terminology essential to an understanding of balance sheets, income statements, and statements of cash flows. Every frame requires students to solve a problem involving accounting information - e.g., selecting a correct word from two choices, providing an answer, making a journal entry, or preparing a complete balance sheet.
Appropriate for undergraduate and graduate, executive, vocational or management training. It has been successfully used for summer reading by incoming MBA students. May also be used in conjunction with software to provide core material in a computerized accounting course.
An ideal introduction/review, this supplemental text frees up professors from at least five class sessions in a conventional first course in accounting, and is ideal for those entering or in the first weeks of an MBA program.
Features and Benefits
NEW - Updated throughout for New FASB Pronouncements.
NEW - Statement of Cash Flows (Chapter 10) revised.
NEW - Part II on not-for-profit/government accounting.
Self-teaching format - Consists of 11 Parts, each with an average of 75 “frames.” Each frame is a sentence or short paragraph that asks students to DO something relevant to the point being made- fill in a blank with the correct word, number, or term; select the correct alternative; calculate an amount; make a journal entry, prepare a simple financial statement. In the early Parts, the frames are relatively short and simple; in later Parts they are more complicated. Repetition is deliberately used throughout to solidify key points and concepts. A “Response Mask” flap on the back cover folds over and “masks” the correct answers (to encourage learning) as the student progresses through the text.
A serious focus on the use of information - Rather than on bookkeeping. Describes some of the complicated accounting practices and is entirely consistent with pronouncements of the Financial Accounting Standards Board.
A gradual progression in level of rigor - Begins with a conceptual foundation; the mechanics of debits/credits, etc. come later in order not to detract from the underlying concepts.
Strong pedagogic support - Includes chapter objectives, “key points to remember,” post tests, and glossary.
An accompanying self-contained booklet - Includes an expanded glossary/index of terms with definitions, exhibits, and post-tests with answers for each chapter.
"This book will be of great value to corporate management trainees, as well as to business school students who want to 'hit the ground running.'" ― Professor Jonathan B. Schiff, Fairleigh Dickinson University
"We have effectively used Essentials of Accounting in our introductory graduate level course in financial accounting. Dr. Anthony is clearly one of the leading academics in our field and has demonstrated an ability to communicate a difficult body of knowledge to generations of accounting students." ― Professor Steven Lilien, Baruch College
"Essentials of Accounting serves as an indispensable tool for teaching and as a guidebook for anyone wanting to understand the foundations of accounting in an easy, highly interactive way. It is simply the best." ― Professor Philip DiSalvio, Seton Hall University
