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Libby/Libby/Hodge wrote this text based on their belief that the
subject of financial accounting is inherently interesting, but
financial accounting textbooks are often not. They believe that
accounting is an exciting field of study and one that is important
to future careers in business. When writing this text, they
considered career relevance as their guide when selecting material,
and the need to engage the student as their guide to style,
pedagogy, and design. Financial Accounting 11e successfully
implements a real-world, single focus company approach in every
chapter. The companies chosen are engaging and the decision-making
focus shows the relevance of financial accounting regardless of if
a student has chosen to major in accounting. Libby/Libby/Hodge
believes in the building-block approach to teaching transaction
analysis. Most faculty agree that mastery of the accounting cycle
is critical to success in financial accounting, and yet most
financial texts introduce and develop transaction analysis in one
chapter, bombarding a student early in the course with an overload
of new concepts and terms. The authors slow down the introduction
of transactions, giving students time to practice and gain mastery.
This building-block approach leads to greater student success in
their study of later topics in financial accounting such as
adjusting entries.
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