Accounting is the score keeping system in the game of business, and you wont do well in any game if you dont understand how the score iskept. If youre a practicing manager, MBA student, or a non-accounting business major, this book will do more than help you stay in the game.Inside, United States financial reporting standards are compared and contrasted with international financial reporting standards, and theauthors detail how managements choice of accounting methods and their required estimates in reporting transactions and events impactfinancial statements, both immediately and in the future. Unlike typical accounting books, journal entries are not used to illustrate topicalcoverage.This unique book exclusively provides you with a decision-making perspective by using the accounting equation format to directlyillustrate financial statement effects of transactions and events. Most of the topics addressed in this book are typically studied by accountingmajors in the two course intermediate accounting sequence, but the text also includes discussion of consolidationsa topic generallycovered in the advanced accounting course. Intermediate accounting textbooks alone typically exceed well over 1,500 pages. By exclusivelyapplying a users perspective, and limiting topical content to areas relevant for decision making, this book allows non-accountants toacquire the requisite underlying knowledge in a concise, easy to understand text.
About the Author
David Doran Erie, PA; Associate Professor of Accounting; Penn State Erie.