Financial Accounting, 11th Edition

The award-winning author team of Bob Libby, Pat Libby, and Frank Hodge con­ tinue Financial Accounting’s best-selling tradition of helping the instructor and student become partners in learning.

Libby/Libby/Hodge uses a remarkable learning approach that keeps students engaged and involved in the material from the first day of class.

Libby/Libby/Hodge’s Financial Accounting maintains its leadership by focusing on four key attributes:

THE PIONEERING REAL-WORLD COMPANIES APPROACH

The Libby/Libby/Hodge authors’ trademark focus company approach is the best method for helping students understand financial statements and the real-world implications of financial accounting for future managers. This approach shows that accounting is relevant and motivates students by explaining accounting in a real-world context. Throughout each chapter, the material is integrated around a familiar focus company, its decisions, and its financial statements. This provides the perfect setting for discussing the importance of accounting and how businesses use accounting information. No other book matches this seamless integration of the real world.

A BUILDING-BLOCK APPROACH TO TEACHING TRANSACTION ANALYSIS

Faculty agree the accounting cycle is the most critical concept to learn and mas­ ter for students studying financial accounting, regardless of their career aspira­ tions. Libby/Libby/Hodge believes students struggle with the accounting cycle when transaction analysis is covered in one chapter. If students are exposed to the accounting equation, journal entries, and T-accounts for both balance sheet and income statement accounts in a single chapter, many are left behind and are unable to grasp material in the remaining chapters.

The market-leading Libby/Libby/Hodge approach spreads transaction analysis coverage over two chapters so that students have the time to master the mate­ rial. In Chapter 2 of Financial Accounting, students are exposed to the account­ ing equation and transaction analysis for investing and financing transactions that affect only balance sheet accounts. This provides students with the opportunity to learn the basic structure and tools used in accounting in a simpler set­ ting. In Chapter 3, students are exposed to more complex operating transactions that also affect income statement accounts. By slowing down the introduction