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Type of bind: Paperback
Dewey Decimal Number: 657.076
EAN num: 9780071341660
ISBN number: 0071341668
Label: McGraw-Hill
Manufacturer: McGraw-Hill
Quantity: 1
Page Count: 336
Printing Date: July 09, 1999
Publishing house: McGraw-Hill
Sale Popularity Level: 134639
Studio: McGraw-Hill
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Editor's Notes and Comments:
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 sucess with everyday practice and with the CPA exam. Typical exam questions with answers help students measure their comprehension and progress.
User popularity level:
Rated by buyers 
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By the 10th question I had a strong feeling I would pass the test. My final score exceeded my expectations. The test prep questions were harder than the actual test. The practice questions were very complex and involved, which created a comfort when I took the real test. At times you may feel like chapters are lacking content, but the test section makes up for it.
Rated by buyers -
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.
Rated by buyers 
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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 very first three chapters provide an introduction to financial accounting, financial statements and the process of analyzing and recording transactions.
The subsequent 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.
Rated by buyers -
I am an accounting student. I love this book! I have bought all the Schaum's books related to Accounting. If I had to choose just one book, it would be this one. I get lost trying to follow our textbook. I open this puppy up and it has everything. I'm able to follow the explanations and examples without any problem. Trust me! You will not be disappointed. I was very impressed by how fast my books got to me. I had books coming to me within 2 days. In less than one week's time, I had all 7 books. It really is worth it. :-)
Rated by buyers 
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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.
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