Libby/Libby/Short wrote this text based on their belief that the subject of financial accounting is inherently interesting, but financial accounting textbooks are ceaselessly not. They consider most financial accounting textbooks fail to demonstrate that accounting is an exciting field of study and one that may be important to future careers in business. When writing this text, they regarded as career relevance as their guide when selecting material, and the want to engage the student as their guide to style, pedagogy, and design.
Libby/Libby/Short successfully implements a real-world, single focus company approach in each and every chapter. Students and instructors have responded very favorably to using focal point companies and the real-world financial statements. The companies chosen are engaging and the decision-making focal point shows the relevance of financial accounting irrespective of whether or not the student has chosen to major in accounting.
Libby/Libby/Short believes in the building-block approach to teaching transaction analysis. Most faculty agree that mastery of the accounting cycle is critical to success in financial accounting. And yet all other financial books introduce and develop transaction analysis in one chapter, bombarding a student early in the course with an overload of new concepts and terms. The authors consider that most faculty take more time with the accounting cycle, but other financial accounting textbooks don't. By slowing down the introduction of transactions and giving students time to practice and gain mastery, this building-block approach results in greater student success in their study of later topics in financial accounting such as adjusting entries.