The textbook is very comprehensive when it content. The one thing that is missing is data analytics. Little bit of excel exercises would be really helpful. Data analytics is very important and if the textbook can touch a bit on that would be. read more
Reviewed by Sayan Sarkar, Assistant Professor, University of Mary Washington on 8/21/24
Comprehensiveness rating: 5 see less
The textbook is very comprehensive when it content. The one thing that is missing is data analytics. Little bit of excel exercises would be really helpful. Data analytics is very important and if the textbook can touch a bit on that would be really helpful.
Content Accuracy rating: 5
I have looked at the chapter contents and I did not find any error.
Relevance/Longevity rating: 4
The content of this textbook is up-to-date, reflecting the current standards and practices in financial accounting. The fundamental principles of financial accounting are expected to remain relevant for the foreseeable future, ensuring the text's longevity. However, to enhance the textbook's sustainability and relevance in an evolving field, it would be beneficial to incorporate elements of data analytics. Including data analytics as an end-of-chapter exercise or supplementary material would equip students with skills that are increasingly important in the accounting profession, ensuring the text remains valuable and adaptable in the years to come.
Clarity rating: 5
This textbook is particularly well-suited for freshman and sophomore students, many of whom may be encountering accounting for the first time. The author has tailored the content to be approachable and engaging, ensuring that foundational concepts are clearly explained and easy to grasp. The text’s straightforward language and thoughtful presentation make it an ideal resource for beginners, helping to build a strong foundation in financial accounting from the outset.
Consistency rating: 5
I found the textbook very uniform and concepts are presented in a uniform manner. This uniformity helps reinforce key concepts and ensures that students can follow the material without confusion or conflicting information. The consistent use of language and structure makes the text a reliable resource for learning financial accounting
Modularity rating: 5
The text is well-structured and modular, allowing for easy division into smaller, manageable reading sections. The textbook also effectively incorporates real-world examples to illustrate key concepts, making the material more relatable and engaging for students.
Organization/Structure/Flow rating: 4
Overall, looks great. My only suggestion would be to move Chapter 10, "Inventory," to Chapter 7, directly after "Merchandising Transactions." This adjustment would create a more seamless flow of content, as inventory management is closely tied to merchandising operations. By introducing inventory concepts immediately after covering merchandising transactions, students can better understand how inventory valuation and management directly impact the financial statements of merchandising businesses. This reordering would enhance the logical progression of topics and reinforce the interconnectedness of these key accounting concepts.
Interface rating: 5
I did not find any issue with the navigation.
Grammatical Errors rating: 5
The text contains no grammatical errors, ensuring a smooth and professional reading experience.
Cultural Relevance rating: 5
The text is culturally sensitive and free from any offensive content.
Reviewed by Enxi An, Ph.D. / Instructor, Old Dominion University on 7/5/24, updated 8/14/24
The textbook adeptly introduces the fundamental principles of Financial and Managerial Accounting in a clear and concise manner. Its structured approach makes it an excellent resource for both undergraduate and graduate-level courses, providing a. read more
Reviewed by Enxi An, Ph.D. / Instructor, Old Dominion University on 7/5/24, updated 8/14/24
Comprehensiveness rating: 5 see less
The textbook adeptly introduces the fundamental principles of Financial and Managerial Accounting in a clear and concise manner. Its structured approach makes it an excellent resource for both undergraduate and graduate-level courses, providing a solid foundation for advanced accounting studies.
Content Accuracy rating: 5
The material is presented in a clear, straightforward writing style. The examples used are well-chosen, making complex accounting concepts easy to follow and understand. This precision in explanation ensures that students can grasp and apply accounting principles effectively.
Relevance/Longevity rating: 5
The topics covered are central to the disciplines of Financial and Managerial Accounting, ensuring the textbook’s relevance for years to come. These foundational topics are crucial for understanding the pivotal role of accounting in the success and sustainability of organizations, making the textbook a timeless resource.
Clarity rating: 5
Both the textual explanations and the examples provided are written with exceptional clarity. The embedded exercises are thoughtfully designed, reinforcing the material and aiding in the comprehension of key concepts.
Consistency rating: 5
The author maintains a consistent methodology throughout the chapters, ensuring a uniform approach to presenting materials and examples. This consistency aids in student learning, creating a predictable and structured learning environment.
Modularity rating: 5
Each chapter stands well on its own, allowing for flexible teaching arrangements. Instructors can easily select chapters that correspond to their course outline without the need for extensive modifications or additional explanations.
Organization/Structure/Flow rating: 5
The textbook’s interface is user-friendly, with no navigation issues. Links work seamlessly, enhancing the user experience and allowing students to access supplementary materials with ease.
Interface rating: 5
The textbook’s interface is user-friendly, with no navigation issues. Links work seamlessly, enhancing the user experience and allowing students to access supplementary materials with ease.
Grammatical Errors rating: 5
The text is meticulously edited and free from grammatical errors, which enhances its readability and professionalism.
Cultural Relevance rating: 5
The content is presented in a culturally neutral manner, ensuring that it is inclusive and respectful of all students’ backgrounds. This neutrality is crucial in a diverse academic environment.
The textbook is excellently crafted, presenting accounting concepts in a fresh and engaging manner. The associated instructional videos, which are seamlessly integrated into the text, provide an interactive complement to the material. These well-produced videos enhance the learning experience by breaking down complex topics into manageable segments. Additionally, the textbook includes more real-life examples and other valuable resources, such as supplementary exercises and case studies, which further aid in the comprehension and application of accounting principles.
However, it is worth noting that instructors will need to develop their own pool of questions, as the textbook does not include an extensive question bank. This could be seen as an opportunity for instructors to tailor assessments to the specific needs of their students.
Reviewed by Jacklyn A. Collins, Ed.D., CPA, Adjunct Dept of Accounting, Strome College of Business, Old Dominion University on 6/29/24
The Fundamental topics of Financial and Managerial Accounting are introduced clearly in a concise manner. This text would be an excellent choice for a Graduate course. read more
Reviewed by Jacklyn A. Collins, Ed.D., CPA, Adjunct Dept of Accounting, Strome College of Business, Old Dominion University on 6/29/24
Comprehensiveness rating: 5 see less
The Fundamental topics of Financial and Managerial Accounting are introduced clearly in a concise manner. This text would be an excellent choice for a Graduate course.
Content Accuracy rating: 5
The material is written in a clear writing style. Examples are easy to follow and understand.
Relevance/Longevity rating: 5
Topics are traditional Financial and Managerial Accounting. These are the building blocks of understanding the role of accounting in successful organizations.
Clarity rating: 5
Text and examples are written very clearly. Embedded exercises are well thought out.
Consistency rating: 5
Author provides a standard approach to the chapter materials and examples.
Modularity rating: 5
Chapter length is not onerous.
Organization/Structure/Flow rating: 5
Chapters can stand on their own. Instructors can assign chapters that align with the course syllabus.
Interface rating: 5
No interface issues found. Navigation is easy, links work.
Grammatical Errors rating: 5
No grammatical errors.
Cultural Relevance rating: 5
Text is not culturally insensitive or offensive in any way.
The text is well done. The material is presented in a fresh crisp manner. Videos (You tube) that were created for the text are very enjoyable and easy to follow. Instructors have to establish a question pool on their own.
Textbook prices for introductory accounting courses are typically very high and new editions are frequently introduced, limiting the resale value and use of older editions. Simply put, a free, open-source textbook increases accessibility by eliminating the cost barrier. Free is my favorite price! Second. Accounting textbooks also commonly seen as… BORING!
This book is uniquely constructed to integrate reading, video tutorials, links and practice to make learning… dare I write it… FUN! OK, maybe that’s overstating a bit, but this is not your typical accounting text.
Lolita Paff, Pennsylvania State University
