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Depending on the course, an instructor could utilize just the sections of the text that pertain to the course. When teams have clarity into the work getting done, there’s no telling how much more they can accomplish in the same amount of time. To the contrary, the graphics and flow charts break up the material very nicely. Not too long with out breakup diagrams or examples etc. I noticed a few typo-graphical errors but overall the text is well-written grammatically.

Principles of Accounting has a certain flow to it which calculate bad debt expense methods examples this book replicates. No unexpected jumps in difficulty nor lapses in topic coverage.

You would use this to prepare your statement of account form No.10. On a top level the chapters were presented in a logical manner; however, the subheading material was often mixed and difficult to follow at times with the use of many charts. The different colors used in some tables also distracted from the material.

1. This makes it easy for an instructor to pick which sub-topics to cover.
2. It follows the order of most other similar texts – accounting cycle, accounts, financial statements, and lastly – financial statement ratios and analysis.
3. One of the pros of this approach is that the student gets exactly what is needed.
4. Each chapter is thoughtfully organized into digestible segments, allowing readers to navigate through the material with ease.
5. That is the only cultural relevance which is relevant to introductory financial accounting.

Customers also receive an itemized list of charges and credits, including invoice numbers, dates, and amounts. This textbook is an adaptation by Athabasca University of the original text written by D. The textbook adequately refers to the international accounting standards. That is the only cultural relevance which is relevant to introductory financial accounting. My reviewed resulted in highest marks regarding accuracy.

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It is my preference to teach introductory students that revenues and expenses are distinct and separate from equity, and then explain that revenues and expenses ultimately get closed to equity. So, this is not an inaccuracy by the authors, just a point that some instructors may want to know before adopting the textbook. Basic accounting concepts have not changed for a long time. For that reason, open source texts such as this one should be more widely used. The small incremental changes made in the basic structure of 5 ways to turn water back on accounting do not warrant the frequent new editions that publishers try to push through. The only elements that would need to be updated may be the dates after a period of time so that they are more current and perhaps a few of the examples.

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The book was fairly accurate in the explanation of the topics, but some key explanations could have had a bit more structure. In some cases, some explanations were sporadically mentioned. The textbook is relevant for an introduction to accounting.

Feeling bogged down by repetitive processes and redundant work?

For examples introduce inventory management ratios in the chapters that deals with days sales in inventory ratio inventory. I think the organization of this textbook is both logical and systematic. Each chapter unfolds in a coherent manner, with a clear progression of ideas and concepts.

Overall the chapters can be easily divided into smaller parts. The text-book is accurate and I did not find any error. OpenStax does a good job of working an editorial process that eliminates any culturally insensitive content. As an OpenStax book, it has gone through QA procedures and reviews and it also appears to me to be accurate and error-free.

The chapter on partnerships included a section on sole proprietorship that included accounting for the three types of business formation. This textbook covers all areas that I would expect to see in an Accounting 1 course. There are many examples presented that make the material easierfor accounting and non-accounting students to understand.

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Included are completed manual bookkeeping examples and a mini guide for single entry and double entry bookkeeping. The examples and text appear to be reasonably accurate. Any minor typographical errors or numerical inaccuracies should be easily spotted by an instructor with accounting background, and could actually be used to work error correction with the students. One of the major strengths of this textbook is its simple writing style and theclarity of its exposition. The ideas are easy to follow, and the examples arepresented in small knowledge bites, which increases the overall readabilityand clarity of the concepts for the students.