Libby, the market leading text in financial accounting, is praised for its distinctive real-world, single focus company approach of every chapter. By involving students in the business decisions of a real company and engaging them with relevant real-world financial statements, this decision-making focus reinforces the relevance of financial accounting regardless of whether or not the student has chosen to major in accounting.
Given the shift to International Financial Reporting Standards (IFRS) for public enterprises, and to Accounting Standards for Private Enterprises (ASPE), both effective January 1, 2011, the need for currency has never been more important. The new fourth Canadian edition is perfectly timed. The authors have fully integrated IFRS into the new edition, while also discussing key differences in ASPE as appropriate.
New to the fourth Canadian edition, each new Libby Financial Accounting print text includes access to Connect – McGraw-Hill's innovative online study and testing program – at no additional cost. In addition to an easy-to-use eBook and study resources, Connect also includes algorithmic problems within the homework assessment tool that are directly from the end of chapter material. This fully integrated solution helps students master the concepts, practice problems and ultimately achieve success in financial accounting. Optional Lyryx Assessment Financial Accounting is available to package with the Libby text at a small additional cost. Lyryx Assessment Financial Accounting contains algorithmic problems tied to the Libby text, unlimited opportunity for students to practice, and automatic grading with extensive feedback for students and instructors.