by Gerald I. White, Ashwinpaul C. Sondhi, Dov Fried
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| Amazon Price: | $138.43 & eligible for FREE Super Saver Shipping on orders over $25. |
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Product Description
Accounting Standards (US and International) have been updated to reflect the latest pronouncements.
* An increased international focus with more coverage of IASC and non-US GAAPs and more non-US examples.
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Average Customer Review:
0 of 0 people found the following review helpful:
 Took way to long to ship, 2010-03-12
I ordered this book right at the start of my semester. It finally arrived nearly 2 weeks later. It was in normal condition, neither great nor bad, but not necessary after the long wait.
1 of 3 people found the following review helpful:
 More useful if it were complete, 2008-10-21
This book is not bad, but it's not the best, either.
First, a lot of the problems in the book are incomplete (e.g.: they tell you to depreciate an item but don't give you the salvage value). And they also don't give many formulas, but they ask you to come up with them on your own, (e.g. Free Cash Flow). Some of the cases and problems are pretty vague, leaving you to fill in a lot of blanks that are integral to the problem.
This book is also becoming increasingly obsolete. (e.g. it was written before SOX.)
That being said, the book still gives you a good idea of some the ways you can use the information presented in a company's financials to get a good idea of what's really going on.
4 of 5 people found the following review helpful:
 Very confusing textbook, 2008-05-29
I agree with the more critical reviewers. I'm reading the book for the CFA curriculum and the (mandatory) assignments taken from it are a real pain. The ideas are introduced in the most difficult way possible, the graphical presentation and examples chosen only add to the confusion and in my opinion a reader who does not already have a solid grasp of accounting will simply be unable to follow. By comparison, the other accounting chapters from the CFA curriculum, by different authors, are written in a much more comprehensible (and stimulating) style.
I do not deny that the authors have a profound knowledge of the subject - but this is not enough in order to write a useful textbook. Clarity in presentation and didactical style are also essential, and the authors are unfortunately not very inspired in both items.I hesitated between rating the book with one or two stars but in the end I decided for one star - why be indulgent with authors that are experts in their subject matter but are unwilling (unable?) to put up the extra effort needed in order to keep a reader interested and motivated?
Here's an appeal to the CFA institute - keep the subjects in the curriculum but change the textbook. For instance, "Intermediate Accounting" by Spiceland et alia might be an alternative - it's also quite difficult and demanding but at least the student will be given a fair chance to understand - not just memorize and muddle through- the contents.
1 of 2 people found the following review helpful:
 Great Resource, 2008-04-16
Anyone can benefit from this book. In addition to great credit fundamental instruction, this book is filled with real life examples of financial statement manipulation. This book is a must if you are reviewing financial statements or buying stocks.
1 of 8 people found the following review helpful:
not understandable, 2008-01-28
worst accounting I've ever read so far. It requires knowledge which doesn't make sense for me cuz i think book should provide knowledge for reader. Basically, it doesn't explain a thing. It's not worth for what u pay.
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