Accounting Theory Book

After going through the entire book, (I've been using it since Spring 2014, because I took Intermediate Accounting I in community college (wanted to be able to graduate earlier than 2016), found out it didn't transfer to the university I was transferring into, so had to take IA I again in the Fall 2014, then I transferred to a different university in Spring 2015, they weren't offering IA II in Spring 2015... and I took a break from some accounting classes when I transferred BACK to the old university. Finally I took IA II in Spring 2016 and finished with this book.) I changed my review on this and this textbook isn't bad.

Bare in mind, I have used three editions of the book due to my weird time gaps. 6th, 7th, and 8th edition. Some of the problems in the other editions are removed in later editions, or are rearranged in another edition. However this does not occur often. There are however, updates, as changes in the accounting world do occur quite often, especially now that IFRS is becoming more important in US classrooms. But mostly, you can always get away with using slightly older editions anyways.

It is a keeper and I'll be using it for the future; you don't need to be a CPA to use this after college. It is a lot to go through, and the second part (from chapter 12 and on wards) is densely packed with complex concepts. It is a doozy to learn one chapter a week or so, with hours of accounting homework. You need to read the chapters more than once. Remember, if your professors aren't very good teachers, get the solution manual so you can practice the problems and learn through the problems, because reading is not enough. Don't copy the answers, but use the solution manual as a tool to learn better ways of doing the problems.

As well, using other accounting textbooks is a good idea; you will see how the problems presented in those books are solved. Different methods that lead to the same result.