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Financial Accounting in an Economic Context, by Jamie Pratt
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Grounded in financial statements, Financial Accounting allows accountants to see not only the impact of financial transactions in financial statements, but also the impact of transactions on overall business decisions. The eighth edition offers new elements designed to sharpen Pratt’s economic decision-making foundation with a more timely, real-world focus. Up-to-date, expanded, and detailed IFRS coverage is now included. The SEC 2014 roadmap is explored in all chapters. Comprehensive coverage of real-world financial crisis issues is presented. Accountants will also find more discussions on the increasing role of management’s assessment of internal controls over financial reporting.
- Sales Rank: #201454 in Books
- Published on: 2010-12-14
- Original language: English
- Number of items: 1
- Dimensions: 10.28" h x 1.31" w x 8.31" l, 3.44 pounds
- Binding: Hardcover
- 848 pages
- Hardcover: 826 pages
- Publisher: Wiley; 8 edition
- ISBN-13: 978-0470635292
- Shipping Weight: 3.6 pounds
- Product Dimensions: 10.2 x 8.2 x 1.4 inches
Most helpful customer reviews
4 of 4 people found the following review helpful.
Inexpensive Yet Thorough Introduction to Accounting
By kirby
I had earned an essentially useless master's degree in another field and was thinking of switching to the field of accounting; I decided to buy the text to test the waters. This text is old enough that one can purchase a used copy for a very reasonable price but it is new enough that it still contains accurate information. It does an excellent job of defining essential accounting terms. It contains many examples and charts to facilitate learning. I recommend it for anyone thinking of switching professions.
16 of 21 people found the following review helpful.
Not even an answer key to the exercises
By SERGIO RAMIREZ GUERRERO
The book is easy to understand, but there should be a solutions manual, or at least an answer key to the exercises. It has been very difficult for me to "learn the mechanics" and "apply the concepts" at the end of each chapter. The pace of the course allows the teacher to solve only 2 or 3 exercises in class, and the book certainly does not make selfstudy easy. Needless to say, that you can't learn financial accounting just by reading. To makes things even worse, a study guide, which does not refer to the same exercises in the book, is out of print.
8 of 10 people found the following review helpful.
Good book for non-accountants
By David Carter
Back in the early 90's I took Professor Pratt's class when he was on loan to the Kellogg School of Business at Northwestern. His book had not yet been published but he gave all of us copies of the manuscript for the course. So..I needed to replace that version since it had long since fallen apart. This book is great for non-accountants who wish to enhance their understanding of annual reports and interpretation skills. As anyone who has glanced through an annual report can attest, they are not terribly straightforward in identifying changes in the financial status of a company that are less than flattering. They tend to 'accentuate the positive.' Jamie Pratt teaches how to see through these reports to more accurately assess a company's financial condition. Don't expect to be spoon fed by reading this book. Like any complex system, becoming proficient requires study and understanding of fundamental concepts. If you are willing to commit some time, this book will provide the necessary tools.
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