Incomplete
I learn quickly and am good at learning from a text, but this book is horrible at explaining a topic from beginning to end. It's good at giving background on advanced accounting, but if you want to try and apply any of the concepts to real accounting situations you can pretty much forget about it. I used this in my accounting class without a problem to understand some of the concepts, but to try and use this in my current position as a senior accountant working with consolidations and foreign entities is nearly impossible. The examples given are often incomplete and leave the reader asking a lot of background questions.
Required book
This book is required for my class, so I'm not personally excited about it. Haven't started the quarter yet so I don't know how well it is written. But it looks good, not to heavy for an accounting book.
Hit and miss...but generally confusing
This book goes on and on about minor details, sometimes repeating the same irrelevant or simple ideas over and over, and providing excruciatingly drawn-out background information that is basic business, and then when it comes to the big stuff, gives incomplete explanations and illustrations and leaves out critical pieces of information.
I often felt left to my own devices to figure out how to document certain transactions...going through the same section dozens of times and finding not even a rudimentary explanation for exactly what the section is supposed to cover.
It's hit and miss, but overall very disappointing.
I recall being particularly disappointed with its explanation of consolidations with regard to foreign subsidiaries.
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