Accounting for Governmental and Nonprofit Entities
Accounting for Governmental and Nonprofit Entities provides users with extensive, accurate, and up-to-date coverage of accounting and financial reporting for government and not-for-profit organizations, in addition to information on governmental audi The above is the description for Accounting for Governmental and Nonprofit Entities
This review is from: Accounting for Governmental and Nonprofit Entities (Hardcover)
This book was required for a graduate level Governmental Accounting course. Instructors, please do your students a favor and choose another text. Nearly every student in the class that I have spoken with found this text to be poorly written and incredibly tedious to read. I seems as though little thought was put into logical organization. The authors constantly refer to other sections or chapters in the book for explanations. It is more a patchwork of information than a viable educational tool.
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This review is from: Accounting for Governmental and Nonprofit Entities (Hardcover)
I purchased this book for a Grad Class. It is a gorgeous book and you would think that it would be better written-unfortunately it is not. The author introduces ideas vaguely, builds off those vague ideas and does not explain them until later chapters. There is no linear advancement of ideas, which makes an already difficult subject, painful.
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"Split-page" Design: The unique format of this text enables students to study and learn with ease. All they have to do is cover the right-hand side of the page, work through the problems on the left-hand side, and then check their workbook. This meth The above is the description for Essentials of Accounting (10th Edition)
Customer Reviews
48 of 48 people found the following review helpful
Perfect as an introduction book!, February 15, 2003
The book is required in our class of Finance as an introduction to the accounting system. It's quite easy to understand all the principles by doing the exercises yourself. And the special design of reverse printing and post tests are a big help. I had accounting class before and was often confused with debits and credits of whatever assets or liablities and equity. However, when I'm doing this book, everything is clear - there's considerable details to explain how to debit or credit any accounts. Simple introduction of non-profit organizations' financial statement also quite useful. Strongly recommended.
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This book is perfect for a person who has a general understanding of bookkeeping but wants to know more about accounting. It makes a good review for a person who uses financial statements but does not prepare them. It is a workbook, so the reader answers questions on each page. This encourages retention of information.
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I used this book in a analyst training program in Wall Street. It is an excellent summary of Accounting 001. Clear, short and precise for people who want to grasp relatively quickly the topic.
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Managerial Accounting with Connect Plus Access Card 13th (thirteenth) edition Text Only
Book only 1. managerial accounting and business environment 2. managerial accounting and cost concepts 3. systems design: job-order costing 4. process costing 5. cost behavior: analysis and use 6. cost-volume profit relationships 7. variable costing The above is the description for Managerial Accounting with Connect Plus Access Card 13th (thirteenth) edition Text Only
Customer Reviews
19 of 20 people found the following review helpful
Decent Textbook...complicated homework, September 22, 2010
After using this for my class I have to say that the explanations in the chapters does not prepare you very well from the homework questions at the end. These questions can literally take a hour each and the chapter just does not have enough examples to help you with them. I ended up buying the solutions manual off Amazon and it helped a TON. It also shows you how to calculate the problem so it really helps you learn not just give you the answer. If anyone is stuck with this book I would recommend getting the manual for extra help.
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In the industry we call this the "Lighthouse Series." It is the preeminent textbook in Management Accounting. My firm uses this book as a resource and it is available to us at work. I'm a practicing CPA, licensed in Washington, DC with a master's degree in accounting.
Initially I hesitated to review the 13th edition of the Lighthouse Series because it is hard to find something critical to say. But the authors dedicated this book "To our families and to our many colleagues who use this book." Management Accounting is meant to be the number one textbook in its field, which it is, and the number one management accounting resource to practicing accountants, which is also the case.
This book is dominant because of the enormous investment in making it simply the most student-friendly and resourceful text in the field. This is one of the few texts where no money was spared to make it what it is today, and the list of professors that contributed by being reviewers and consultants to this text is longer than any such list I have ever seen. You can hardly find any written work that has benefited from and survived such scrutiny.
The three authors are famous within the profession as they have published many scholarly articles in the professional journals. But what impresses me more is that they have all won major awards for teaching, even awards that were decided by students. I am even more impressed with star teacher accountants than prolific publisher accountants because their contribution will ultimately be greater.
There are many topics covered in this text and the following is just a sample: job order costing; process costing; activity-based costing; cost-volume-profit; inventory; balanced scorecard; overhead application and analysis; budgeting; financial statement analysis; decentralization and segment reporting; valuation methods; management investment projects; decision-making of all types including make-or-buy and allocation type decisions and much more.
The textbook is part of a set that is produced and reviewed by all the same people. The 896 page hardcover with good paper stock and sturdy binding is a fraction of the material. You also get the best supplements of any book within the subject of accounting, and fortunately you can use one password to access all of the book's online resources. These supplements include but are not limited to Homework Manager (a lot of problems of which only a fraction would be assigned by a professor with instant feedback); Online Curriculum Center (contains many Internet-based activities such as quizzes, tours and even information about careers and jobs); Topic Tackler Plus (interactive multimedia lessons); Workbook Study Guide; Templates; Practice Sets; Notes and Study Aids. Again, no expense has been spared and the list of professors that added value to these resources is extensive almost beyond belief.
Finally I am surprised at the relatively low cost on Amazon considering the quality of the textbook, the online resources behind the text and the money spent to produce this 13th edition of the Lighthouse Series. I know that for students, it is not a cheap book, but it is not as expensive as many textbooks with far less expertise and resources required for production.
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I took managerial accounting for the first time with a fairly difficult instructor and this book really helped me. If it weren't for the clear and helpful examples, I would have failed the class. The book is filled with real-world, easy to understand examples which makes the difficult-for-newbie accounting methods as simple as humanly possible. Everything is explained perfectly so I am very happy that I had the privilege of using this book for the class.
The connect card allows you to do homework online if the instructor requires it. It helps because you can submit the work and it will tell you step-by-step how to solve the problems which really helps when studying for tests.
In short: This book makes an already hard for most subject as easy and non-intimidating as possible. A++
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