Product Description

Practical examples of all important concepts and procedures enrich this clear, logical, and popular guide to financial accounting. This new edition updates material about cash flows and accounting rules and includes new information about accounting software, payroll accounting and federal income taxes. The hundreds of problems with step-by-step solutions prepare students for success with everyday practice and with the CPA exam. Typical exam questions with answers help students measure their comprehension and progress.

Product Details

• Amazon Sales Rank: #499710 in Books
• Published on: 1999-07-09
• Original language: English
• Number of items: 1
• Binding: Paperback
• 336 pages

Features

• ISBN13: 9780071341660
• Condition: NEW
• Notes: Brand New from Publisher. No Remainder Mark.
• Click here to view our Condition Guide and Shipping Prices

From the Back Cover
Master financial accounting with Schaum's­­the high-performance study guide. It will help you cut study time, hone problem-solving skills, and achieve your personal best on exams! Students love Schaum's Outlines because they produce results. Each year, hundreds of thousands of students improve their test scores and final grades with these indispensable study guides. Get the edge on your classmates. Use Schaum's!

If you don't have a lot of time but want to excel in class, this book helps you:

• Brush up before tests;
• Fnd answers fast
• Study quickly and more effectively
• Get the big picture without spending hours poring over lengthy textbooks

Schaum's Outlines give you the information your teachers expect you to know in a handy and succinct format­­without overwhelming you with unnecessary details. You get a complete overview of the subject. Plus, you get plenty of practice exercises to test your skill. Compatible with any classroom text, Schaum's let you study at your own pace and remind you of all the important facts you need to remember­­fast! And Schaum's are so complete, they're perfect for preparing for graduate or professional exams.

Inside, you will find:

• 490 solved problems, including step-by-step solutions
• Hundreds of additional practice problems, with answers supplied
• Clear explanations of all major financial accounting concepts and practices, including computer use
• New sections on consolidations, mergers, acquisitions, financial statement analysis, federal taxes and more

If you want top grades and a thorough understanding of financial accounting, this powerful study tool is the best tutor you can have!

About the Author

Joel G. Siegel, Ph.D., is a professor of finance and accounting at Queens College of the City University of New York and a financial consultant to firms such as: Citicorp, ITT, and the AICPA.

Jae J. Shim, Ph.D., is a professor of finance and accounting at California State University, Long Beach, and president of the National Business Review Foundation, a financial consulting firm.

Customer Reviews

Well Organized Material
Schaum's Financial Accounting is a well-written book which augmented my accounting studies.

I especially like the way the table of content is organized. The first three chapters provide an introduction to financial accounting, financial statements and the process of analyzing and recording transactions.

The next three chapters spend time on adjusting and closing entries and then on trial balance worksheets (both for service-oriented and merchandise-oriented businesses). This sets the stage for examining all major aspects of the balance sheet, which chapters 7 through 12 cover.

Following Schaums Outlines typical format, this book presents material in an easy-to-understand manner and then offers the reader with opportunities to solidify their understanding of course material through "Solved Problems" and chapter-end questions.

Shim and Siegel do a fine job of keeping material concise while discussing all major topical points.

They conclude their book with chapters covering partnerships, financial statement analysis, statement of cash flows and multinational operations.

This book merits a 3 1/2 star rating. You might consider Schaums Principles of Accounting I and II for a more thorough examination of the same topical material. However, if you wish to buy just "one book" to augment your studies, "Financial Management" would be a fine choice.

Good Investment
I bought this book to complement a senior level financial accounting course that I took. The book is concise, provides plenty of examples, and helps to solidify theories & actual practices of financial accounting. There are plenty of exercises to go through to help solidify your practical understanding of the material. I found that it was particulary useful to help me review & brush up before my tests in my financial accounting course. Overall a good investment.

Straight and to the point
Most texts I've read on Accounting (from my father's extensive library) are long on explanation and short on worked examples. The Schaum series on Accounting is just the opposite. No need to wade through a ton of explanation. A short explanation is followed by worked examples and numerous test questions followed by the answers, fully worked. I'm just starting out in accounting, and sometimes the concepts didn't really gel with me. But by doing the test questions, and in particular being able to check the results and supplied workings, I found that I learnt the principles much more quickly than I would have otherwise, and was able to retain the understanding.

I borrowed this book from my local library, but then I decided it was a perfect reference book to own.

And I bought almost the entire set of the Schaum's accounting series on the strength of my experience with this learning approach.

An excellent book - an excellent series.