Financial Accounting Theory and Analysis: Text and Cases, 11th Edition

Preface

Accounting education has experienced many dramatic changes over the life of this accounting theory text. The publication of the eleventh edition represents more than 35 years in its evolution. At its inception, much of what was then considered theory was in reality rule memorization of rules. In recent years, the globalization of the economy has affected the skills necessary to be a successful accountant and has caused accounting educators to develop new methods of communicating accounting education. Emphasis is now being given to the incorporation of ethics into the curriculum, the analysis of a company's quality of earnings and sustainable income, the use of the World Wide Web as a source of information, the international dimensions of accounting, the development of critical thinking skills, the development of communication skills, and the use of group projects to develop cooperative skills.

This edition of the text is a further extension of the refocusing of the material to suit the needs of accounting professionals into the 21st century. Among the changes in this edition that were designed to accomplish this objective are the following:

• Expanded use of the Web by including cases and updates on the textbook companion site at Supply.
• Added a tutorial on the FASB ASC in the solutions manual
• Added a test bank to the solutions manual, containing more than 250 multiple choice and more than 200 essay questions
• Updated the disclosure examples throughout the chapters and updated ...