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I think the authors did a great job of providing accurate information, although I would suggest some edits in Chapter 9 in discussing payroll liabilities, including the Federal Insurance Contributions Act (authors left off the “s” on Contributions). One noteworthy item is that the answer keys to the end of chapter discussion questions, exercises, and problems are all provided at the end of the file after the textbook therefore, students have access to the answers. The book does not cover accounting for investments, but I have found that other introductory financial accounting textbooks have removed that topic as well or moved it into an appendix as it is covered in-depth in intermediate accounting. There is only a brief mention of internal controls with no mention of the Sarbanes-Oxley Act. The chapter on inventory and the calculation of cost of goods sold under various methods focuses on using a perpetual inventory system a periodic system is included only briefly in an appendix to that chapter. This textbook combines adjusting entries, financial statements, and closing entries into one chapter but it covers it all well. Most introductory financial accounting textbooks I have seen have separated the adjusting process into its own chapter.

I only have a few notes when comparing this textbook to other introductory financial accounting textbooks.

I felt the chapters were quite comprehensive, even touching on some topics that are included in intermediate accounting textbooks. There is good organization by learning objective, and the formatting makes the paragraphs easy to read with important terms in bold text. Each chapter concisely explains each topic in a way that is easy to understand and provides good illustrations. There are good learning objectives listed for each chapter and a good brief summary of each learning objective at the end of each chapter.

This textbook covers all of the topics normally covered in a principles of financial accounting textbook. Reviewed by Amanda Daugherty, Assistant Professor, Grand View University on 12/27/21 Journalism, Media Studies & Communications.