The textbook, Financial Accounting and Reporting, by Murphy
Smith, Katherine Taken Smith and Shannon Knight Deer, is especially designed
to present financial accounting in a one-sequence course in 2-year or 4-year
colleges. The book can also effectively be used in a graduate-level financial
accounting course for MBA students, who are from non-business major
The text presents the fundamentals of financial accounting using a unique
cross-functional approach that demonstrates the relevance of accounting
information to the various business functional areas (e.g., marketing,
finance, and production). This approach motivates learning by both preparers
and users of accounting information.
Accounting majors will appreciate how accounting information contributes to
the success of the firm and the decision-making of every member of the
management team. Non-accounting majors will understand how accounting
information contributes to their future job performance. Cross-functional
applications are interwoven into the presentation of accounting fundamentals
in each chapter. In addition, the book contains contemporary accounting issues
related to ethics, information technology, and global commerce. The textbook
features a chapter, as well as observations throughout the book, on
International Financial Reporting Standards (IFRS) and how they differ from
U.S. generally accepted accounting principles (GAAP).
The textbook covers the key topics in financial accounting like most books in
this field. The significant difference is the book’s cross-functional
perspective that engages students by showing them how they will use financial
accounting in their careers. The book is also unique in its integration of
accounting ethics, global commerce, and technology.
The textbook includes a CD-ROM containing ancillary materials such as a
Solution Manual, Test Bank, Study Guide (including chapter summaries and
sample questions and problems), Working Papers in Excel, and Power Point
The Financial Accounting and Reporting is now available in an
eBook format which you can download to your computer instantly.