Book Review of

Financial Accounting

An Introduction to Concepts, Methods, and Uses

Author : Clyde Stickney, Roman Weil, Sidney Davidson

Pros : Well written and very detailed.

Cons : This is an introduction to financial statement analysis, and not an introduction to bookkeeping, which small business owners are more interested in.

Grade : A-

Contents : Jump to review...

Part 1 : Overview of Financial Statements

1. Introduction to Business Activities and Overview of Principal Financial Statements

Part 2 : Accounting Concepts and Methods

2. Balance Sheet : Presenting the Investments and Financing of a Firm
3. Income Statement : Reporting the Results of Operating Activities
4. Income Statement : Extending the Accrual Concept
5. Statement of Cash Flows : Reporting the Effects of Operating, Investing, and Financing Activities on Cash Flows

Part 3 : Measuring and Reporting Assets and Equities Using Generally Accepted Accounting Principles

6. The Liquid Assets : Cash, Marketable Securities, and Receivables
7. Inventories : The Source of Operating Profits
8. Plant, Equipment, and Intangible Assets : The Source of Operating Capacity
9. Liabilities : Introduction
10. Liabilities : Interest Imputation, Leases, Off-Balance-Sheet Financing, Deferred Income Taxes and Pensions
11. Shareholders' Equity
12. Long-Term Investments in Corporate Securities
13. Statement of Cash Flows : Another Look
14. Significance and Implications of Alternative Accounting Principles

Part 4 : Synthesis

15. Introduction to Financial Statement Analysis

Review :

Check back later to see our full review.

Reviewed by David Luhman, MBA, EA

Published 1991 by Harcourt Brace Jovanovich, Inc. ISBN 0-15-527506-2
Length : 838 pages.