Principles of Accounting Volume 1:

Financial Accounting – OpenStax

An Open Textbook

M. Franklin, P. Graybeal and D. Cooper

ABOUT THIS TEXTBOOK

Principles of Accounting is designed to meet the scope and sequence requirements of a two-semester accounting course that covers the fundamentals of financial and managerial accounting. Due to the comprehensive nature of the material, we are offering the book in tow volumes. This is specifically designed to appeal to both accounting an non-accounting majors, exposing students to the core concepts of accounting in familiar ways to build a strong foundation that can be applied across business fields. Each chapter opens with a relatable real-life scenario for today’s college student. Thoughtfully designed examples are presented throughout each chapter, allowing students to build on emerging accounting knowledge. Concepts are further reinforced through applicable connections to more detailed business processes. Students are immersed in the “why” as well as the “how” aspect of accounting in order to reinforce concepts and promote comprehensive over rote memorization.

More resources to help instructors and students

Lyryx Online Resources: Online Homework

Ancillary (Open) Resources: Instructor Resources

LMS Integration: Brightspace, Moodle, and most LMS supporting LTI protocol

SEE WHAT PEOPLE ARE SAYING

“The textbook provides a thorough overview of the accounting system. It delves quite a bit into the “why” of accounting which is sometimes glossed over in favor of mechanics in other texts!”


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