Financial Accounting 11th Edition By Robert Libby

Explore Financial institution For Economic Accounting 11th Edition By Robert Libby

ISBN-10 ‏ : ‎ 1264229739
ISBN-13 ‏ : ‎ 978-1264229734

Libby/Libby/Hodge authored this material with the belief that the subject of economic accounting is inherently captivating, while financial accounting textbooks are often not. They are of the view that accounting is a thrilling domain of study and one that is crucial for future careers in business. When crafting this text, they considered career relevance as their compass when selecting material, and the imperative to engage the student as their guide to style, teaching methods, and layout.

In Economic Accounting 11th Edition, the authors effectively employ a real-world, singular focus company approach in each chapter. The companies chosen are compelling and the emphasis on decision-making illustrates the significance of financial accounting regardless of whether a student has opted to major in accounting.

The authors advocate for the incremental method to teaching transaction analysis. Many educators concur that mastering the accounting cycle is pivotal to triumph in financial accounting, yet most financial texts introduce and elaborate on transaction analysis in a single chapter, inundating a student early in the course with an excess of unfamiliar concepts and terminologies. The authors slow down the introduction of transactions, affording students time to practice and achieve proficiency. This incremental approach leads to greater student success in their exploration of subsequent topics in financial accounting such as adjusting entries.

Regarding the Author
Patricia Libby is the head of the accounting department and an assistant professor of accounting at Ithaca College, where she instructs the undergraduate financial accounting course. She formerly taught graduate and undergraduate financial accounting at Eastern Michigan University and the University of Texas. Prior to transitioning into academia, she served as an auditor with Price Waterhouse (now PricewaterhouseCoopers) and a financial manager at the University of Chicago. She earned her B.S. from Pennsylvania State University, her M.B.A from DePaul University, and her Ph.D. from the University of Michigan; she also successfully passed the CPA examination (Illinois). Pat has published articles in The Accounting Review, Matters in Accounting Education, and The Michigan CPA and serves as faculty advisor to Beta Alpha Psi and the Ithaca College Accounting Association.

Frank Hodge holds the position of the Accounting Department Chair and the Michael G. Foster Endowed Professor at the University of Washington’s Foster School of Business. He also serves in the President’s Office as the University of Washington’s Faculty Athletics Representative to the PAC-12 Conference and the National Collegiate Athletic Association.

Frank commenced his tenure at the University of Washington in 2000. He obtained his MBA and PhD degrees from Indiana University. He has received over 30 teaching accolades at the University of Washington for teaching financial accounting and financial statement analysis to undergraduate students, full-time MBA students, executive MBA students, and intercollegiate athletic directors. Frank’s research delves into how individuals utilize accounting information to make investment decisions and how technology impacts their informational choices.

Frank was part of the Economic Accounting Standards Research Initiative team and has presented his research to the Securities and Exchange Commission. He has published articles in The Accounting Review; Journal of Accounting Research; Contemporary Accounting Research; Accounting, Organizations, and Society; and various other publications. Frank resides in Seattle with his spouse and two daughters.

Robert Libby occupies the David A. Thomas Professor of Accounting and Accounting Area Coordinator position at Cornell University, where he teaches the introductory financial accounting course. He previously taught at the University of Illinois, Pennsylvania State University, the University of Texas at Austin, the University of Chicago, and the University of Michigan. He obtained his BS from Pennsylvania State University and his MAS and PhD from the University of Illinois; he also successfully cleared the CPA exam (Illinois).
Bob was chosen as the AAA Outstanding Educator in 2000 and received the AAA Outstanding Service Award in 2006 and the AAA Noteworthy Contributions to the Literature Award in 1985 and 1996. He has been honored with the Core Faculty Teaching Award on multiple occasions at Cornell. Bob is a widely published author and researcher specializing in behavioral accounting. He has published numerous articles in The Accounting Review; Journal of Accounting Research; Accounting, Organizations, and Society; and other accounting periodicals. He has held various positions including vice president, at the American Accounting Association, and he is a member of the American Institute of CPAs and the editorial boards of The Accounting Review and Accounting, Organizations, and Society.