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Financial Accounting with Connect Access Card, Fourth CDN Edition [Hardcover]

Robert Libby , Patricia Libby , Daniel Short , George Kanaan , Maureen Gowing
4.5 out of 5 stars  See all reviews (11 customer reviews)
Price: CDN$ 140.95 & FREE Shipping. Details
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Book Description

Feb. 15 2011 0071091335 978-0071091336 Canadian
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.


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Financial Accounting with Connect Access Card, Fourth CDN Edition + Managerial Economics & Business Strategy + Essentials of Negotiation
Price For All Three: CDN$ 435.58


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About the Author

Bob Libby is the David A. Thomas Professor of Management in the Johnson Graduate School of Management at Cornell University. He previously taught at the University of Chicago and the University of Michigan. He received his Ph.D. from the University of Illinois. Bob has a national reputation as a leading academician and is one of the top five behavioral accountants in North America. Bob teaches MBA and Executive MBA courses in Financial Accounting at Cornell. Please note: Bob Libby is teaching at Univ. of Texas at Austin through June 1, 1999. Pat Libby is an Associate Professor at Ithaca College. She received her Ph.D. from the University of Michigan. Her research activities focus on how to use cases in introductory accounting and on using Collaborative Learning techniques in the classroom. She teaches undergraduate introductory, intermediate, and advanced Financial Accounting at Ithaca. Dan Short is the Dean of the Richard T. Farmer School of Business at Miami University. Prior to that he was the Dean of the Business School at Kansas State University and prior to that he taught at the University of Texas-Austin and the University of Chicago. He received his Ph.D. from the University of Michigan. He has won numerous teaching awards during his career teaching both undergraduate and MBA financial accounting courses.

Pat Libby is an Associate Professor at Ithaca College. She received her Ph.D. from the University of Michigan. Her research activities focus on how to use cases in introductory accounting and on using Collaborative Learning techniques in the classroom. She teaches undergraduate introductory, intermediate, and advanced Financial Accounting at Ithaca.

Dan Short is the Dean of the Richard T. Farmer School of Business at Miami University. Prior to that he was the Dean of the Business School at Kansas State University and prior to that he taught at the University of Texas-Austin and the University of Chicago. He received his Ph.D. from the University of Michigan. He has won numerous teaching awards during his career teaching both undergraduate and MBA financial accounting courses.

George Kanaan is Associate Dean at the John Molson School of Business at Concordia University. George teaches the introductory financial accounting course. He previously taught undergraduate and graduate courses at McMaster University. He received his B.A. from the Lebanese University, his M.A. from Southern Illinois University at Carbondale, and his Ph.D. from the University of Wisconsin-Madison. He has conducted research on disclosures related to pension accounting, deferred income taxes, and the effects of changing prices. His research has been published in The Journal of Accounting, Auditing and Finance, and Managerial Finance. During his tenure as chair of the Department of Accountancy, The John Molson School of Business became the first Canadian business school to receive accreditation of its accounting programs by the AACSB – The Association to Advance Collegiate Schools of Business.

Maureen Gowing is Assistant Professor of Accounting at the John Molson School of Business at Concordia University. Maureen has taught undergraduate accounting theory and graduate financial and managerial accounting courses. She has extensive experience in the oil and securities industries, and worked for several years as a financial analyst. She also worked at the Vancouver Stock Exchange doing forensic accounting. She received her B.A. from Carleton University, her M.B.A from the University of Toronto, and her Ph.D. from the School of Business at Queen's University. She received an award of excellence in 1998 from the Administrative Sciences Association of Canada (ASAC) for her dissertation. Maureen conducts research in ethics and hospital cost management, the activity processes and cost analysis in trauma care across Canada. She has also been examining the effectiveness of technological and pedagogical strategies in the teaching of accounting. She has published in academic journals, and in the proceedings of national and international conferences in aviation, accounting, and education.

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Customer Reviews

4.5 out of 5 stars
4.5 out of 5 stars
Most helpful customer reviews
1 of 1 people found the following review helpful
1.0 out of 5 stars Total waste of money Oct. 25 2012
By M. Hall
Format:Hardcover
This book is almost incomprehensible. Using this book is the only time studying that I actually become angry. Why introduce a concept with the legal definition? 'assets are resources controlled by an entity as a result of past transactions that have probably future economic benefits.' All the definitions are written in this long winded difficult to comprehend manner. In addition much of the book is written in the passive voice 'purchase was made by a company' as opposed to 'company made purchase' and the like.

In addition the connect site has videos and slides with typographical errors and in a video on the the site the person making the video clearly recorded it on his laptop because every video has HUGE amount of background noise. In one video the person presenting refers to a fictional company called Home Realty as 'Home Reality' over and over again.

Add to that that each chapter is in the range of 40 pages long and the online questions are not fully covered in the book. I sat with a 3rd year accounting major trying to figure out the online problems (via connect) and even he could not figure out what the answer should be. He and i working together managed to pull of 25/30 on the question.

For giving definitions they use the same words over and over again, making reading difficult. For example 'x discount, y discount, z discount' instead of 'x, y and z discounts'

In short this book is TERRIBLE. I started with an interest in what accounting was all about and now, half way through I have a healthy hatred for the subject matter. AVOID THIS BOOK AT ALL COSTS. That's my take on it.
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5.0 out of 5 stars very useful May 26 2014
By ya gao
Format:Hardcover|Verified Purchase
It's a good book to study by yourself and it has detail and basic knowledge to start accounting course. It really recommend to CPA students
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5.0 out of 5 stars Complete and nice condition April 21 2014
Format:Hardcover|Verified Purchase
Almost brand new, with some notes which is helpful for learning. Satisfied with the delivery speed, this book is very useful and practical for learning basic accounting knowledge
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5.0 out of 5 stars Thorough Jan. 21 2014
By logic
Format:Hardcover|Verified Purchase
I haven't read the entire book, but so far it is very thorough, unambiguous and easy to understand. Also, the connect facility to mcgraw hill is very useful. I would recommend this book. With the approach that they have taken to this financial accounting textbook, I wonder if these authors have written a book regarding managerial accounting. If anyone knows please recommend.
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Format:Hardcover|Verified Purchase
This textbook is clearly written, if a little dry. It's helpful that the authors chose to focus on one company and see it through (this helps the student to be able to see how things come together). It would be nice if solutions (not answers) were provided for the many practice problems at the end of each chapter. It's good to be able to try some problems, but without solutions they become almost useless as the student has no idea whether they solved the problem correctly or incorrectly (and how the problem should have been solved if it was incorrect).
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By alexdu
Format:Hardcover|Verified Purchase
The case-together-with-concept-study-style in this book helps me not only deeply understanding the concept, but also what it is used in the real world.
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