by Floyd A. Beams, Robin P. Clement, Joseph H. Anthony, Suzanne Lowensohn
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Product Description
This comprehensive book addresses practical financial reporting problems while reflecting recent business developments and changes in accounting standards. The book focuses on accounting concepts rather than bookkeeping techniques in learning the consolidation materials. The perfect reference for accounting professionals looking to check facts or brush up on their skills.
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Average Customer Review:
1 of 1 people found the following review helpful:
Content As Bad As the Attention-to-Detail on the Cover Picture Design, 2008-11-10
If you look at the book's cover picture, you'll notice that the piece of pencil shaving that is coming out of the pencil sharpener is upside down with respect to where the pencil is inserted. The shaving would only be positioned as pictured if the pencil was inserted through the other end.
The contents of this book provide the same lack of attention to detail. The example problems throughout the chapters are poorly explained and require you to look to other sources in order to fully grasp the concepts. Another annoyance is that most of the time, the financial statements along with their adjustments for consolidations provided as part of some of the examples are never on the same page as their accompanying journal entries. Instead, they were always scattered throughout several pages and this forced me to flip between those pages like crazy and eventually, I found myself ripping out the pages in frustration so that I could lay them out on the desk while hundreds of my peers at the library was staring at me like I was a madman.
This textbook left me feeling completely hopeless in preparation for my exams and caused me to have a series of panic attacks which required me to seek out therapy. I have used three other accounting textbooks in my college career and none of them have come close to creating such extreme levels of frustration and agony as this book. I have always been an A student in my accounting classes until taking the class that required the use of this book, which I also strongly believe is responsible for the onset of my anxiety disorder.
I decided to give this book a 2-star rating instead of 1 because the end-of-chapter exercises and problems provided me with adequate practice for my final exam (after learning the material from various online sources) which was the reason why I barely passed my class.
0 of 0 people found the following review helpful:
 Horrible book, 2008-08-26
Advanced Accounting (9th Edition) (Advanced Accounting)
This is a horribly written book. The answers to the exercises are really hard to find in the text. A book should not involve a deep thought process, as that should be saved for the exams. I don't think the author matched well with his questions and what he or she wrote in the book. There is too much history and news in it and not enough of "should know" things. The bottom line is that FASB does what it wants, who cares why, who cares when.... just tell me what it is.
2 of 2 people found the following review helpful:
Need more examples -- rely on website?, 2007-07-15
As a student I found this book's transaction examples to be somewhat limited. For instance, in the existing-foreign-currency-transaction hedge examples, both cash-flow and fair-value, only A/R adjustments are treated, there are no *buy side* transactions with A/P illustrated. There are also a lot of minor errors that are distracting.
2 of 2 people found the following review helpful:
A better text is available, 2006-07-04
As background for dissusion of the Beams "Advanced Accounting" text, 9th ed.: I took advanced accounting at one university last summer (which covered much of advanced accounting, but no accounting for not-for-profit organizations). Due to scheduling availability, I am taking advanced accounting at a different university this summer...this class WILL cover not-for-profit accounting issues, which is why I am taking it. We used the Hoyle, Schaefer, Doupnik "Advanced Accounting" 7th ed. text last year, and even though the concepts were difficult, the examples assisted greatly, and the text was clear, organized and without noticeable errors.
I wish the same could be said of the Beams "Advanced Accounting" 9th ed. Currently in my study of the fourth chapter, I find the text frequently wanders off topic, and contains surprising errors. For example, on page 106 (Chapt.4), it makes a math error ($30,000 - $1,500 x 80% = $22,500). My calculator indicates the answer should be $22,800. On page 107 it attributes a $93.5k elimination to "Entry b" described on page 106, when the amount actually belongs to "Entry c", described on the same page. This type of error requires the reader to perform a lot of additional work to get to the bottom of the information to be acquired. These are just two of the numerous issues I have uncovered in study of only four chapters. So far, the text compares poorly to the Hoyle, et. al. product, sadly, (which is why I am providing this warning) and I am not looking forward to the rest of the current summer semester!
Please, Prentice Hall, thoroughly review and edit this text before the next edition, and give students their money's worth.
0 of 0 people found the following review helpful:
errors all over, 2004-05-16
This text should correct all the errors before it published.
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