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Financial Accounting Theory and Analysis: Text and Cases
by Richard G. Schroeder, Myrtle W. Clark, Jack M. Cathey
from Wiley
Customer Reviews:
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Avg. Customer Rating: 3.5 / 5.0 
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Huh? 
Apparently, the previous two reviews were written by the authors.
In all honesty, this is the most un-readable text I have encountered in my 4 years of undergrad and 1+ years of grad study.
I can understand the diffuclty in translating FASB and SFAS principles to layman's terms, but the general flow of the text is verbose and time consuming.
The follow up questions at the end of each chapter often refer to topics that are defined differently in the chapter itself, leading you to re-read and... more info
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A review of Accounting Theory text 
In my opinion, this is an outstanding text. It is easy to read and it covers all the important areas of accouning theory. In my view, this text eliminates the need for the student to study sentences trying to understand what is being said. The writing is clear and straight to the point. Thus, one can concentrate on learning, not trying to unscramble sentences for meaning. If you are looking for an accounting theory text, give this one a look-see. My guess is that you will like what you read. Like all theory... more info
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Well presented and simple to understand. But lack..... 
This book has presented the Accounting Theory in a simple to understand manner. It is useful for those who need to acquire simple to understand theories in the FASB. Unfortunetly, the book does not go into the explaining of the many theories in details, eg. the prescriptive and descriptive theories.
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