2/05/2010

Review of Introduction to Accounting: An Integrated Approach (Hardcover)

Ainsworth & Deines make this topic of accounting relevant with real world examples using Apple Computers actual Financial Statements.Challenging material but very thorough and insightful. Both financial and managerial accounting is discussed throughout the textbook.Highly recommended for academic study.

Product Description
This textbook integrates financial and managerial accounting as opposed to keeping these areas separate, which is done in most books and curriculum. By using the term "integration," the authors focus on the business event and examine that event from both an external financial reporting perspective and an internal management decision-making perspective. The text incorporates real-world applications, including actual financial statements, to reinforce the relevance of topics to real business situations and promote student interest. The text also promotes active learning through "Pause & Reflect" probing questions placed sporadically throughout each chapter, "Of Interest" boxes that provide additional information relating to the chapter concepts, and end-of-chapter group exercises.There are three key distinctions to the Ainsworth/Deines/Plumlee/Larson approach. They are:1. Integration of financial and managerial concepts2. Within the context of business events, ADPL is organized by planning for events; performing those events (in other words, capturing them in the financial statements; and evaluating those business events.3. An organization around the Statement of Cash Flows, first focusing on Operating Activities (what is my business, my product, who are my customers in Volume 1 and then Financing and Investing Activities (how do I fund my business, how do I expand, what are the financial risks, etc. in Volume 2.--This text refers to an out of print or unavailable edition of this title.

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