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Financial Accounting Theory and Analysis: Text and Cases
By Richard G. SchroederMyrtle W. ClarkJack M. Cathey ( Wiley )
Release Date: 2008-03-17
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Price: $137.40
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Product Description
Updated, refocused, and revised, this ninth edition helps readers build strong critical thinking skills and a sound theoretical background. They'll quickly learn how to apply concepts in order to evaluate accounting practice in today's increasingly global world economy. The book's unique and timely collection of cases covers all major areas of accounting and shows how the latest accounting standards impact decision making.
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Product Reviews:
  Huh? ( dpc0603 )
Apparently, the previous two reviews were written by the authors.

In all honesty, this is the most un-readable text I have encountered in my 4 years of undergrad and 1+ years of grad study.

I can understand the diffuclty in translating FASB and SFAS principles to layman's terms, but the general flow of the text is verbose and time consuming.

The follow up questions at the end of each chapter often refer to topics that are defined differently in the chapter itself, leading you to re-read and re-read the same chapter. Important topics that could be otherwise easily explained are drawn out to the point where you feel your just plain stupid.

If you are a professor and your looking for a text to assign, this is not it.

Unless you're a sadist.



  A review of Accounting Theory text 
In my opinion, this is an outstanding text. It is easy to read and it covers all the important areas of accouning theory. In my view, this text eliminates the need for the student to study sentences trying to understand what is being said. The writing is clear and straight to the point. Thus, one can concentrate on learning, not trying to unscramble sentences for meaning. If you are looking for an accounting theory text, give this one a look-see. My guess is that you will like what you read. Like all theory texts, however, this one does NOT come with much material to assist an instructor (e.g., no test bank, no transparencies to assist in teaching, etc.). About the only thing I found was an accompanying booklet that gives answers to "cases" that are in given for each chapter. However, this is not a serious drawback, in my view. Because of skimpy supporting material, I would think that authors would notice this and "corner the market" by trying to please educators. Given the excellence of this text, my guess is that ample supporting materials would put this text in lots of classrooms. But that is just my opinion.
  Well presented and simple to understand. But lack..... 
This book has presented the Accounting Theory in a simple to understand manner. It is useful for those who need to acquire simple to understand theories in the FASB. Unfortunetly, the book does not go into the explaining of the many theories in details, eg. the prescriptive and descriptive theories.