Kermit D. Larson is the Arthur Andersen & Co. Alumni Professor of Accounting Emeritus at the University of Texas at Austin. He served as chairman of the U.T. Department of Accounting and visiting associate professor at Tulane University. His scholarly articles have been published in several magazines, including The Accounting Review, Journal of Accounting and Abacus. He is the author of several books, including financial reporting, and basic principles of financial and management accounting, both published by Richard D. Irwin, Inc. Professor Larson is a member of the American Accounting Association, the Texas Society of CPAs and American Institute of CPA. Their activities with the AAA service as vice chairman, as Southwest Regional Vice President and Chairman of several committees including the Committee of the concepts and standards. He was a member of the committee that planned the first AAA Doctoral Consortium and was its director. Professor Larson served as President of the Richard D. Irwin Foundation. His other activities have, among other things sitting in the Accounting Accreditation Committee and Standards Council Committee of the AACSB. He has been an expert witness in cases involving mergers, antitrust processes, consolidation criteria, franchise taxes and expropriation of assets by foreign governments.
This is an excellent textbook around. The text is written in pure Swedish and explains each concept in detail. The examples that create real-world examples that reinforce the concepts. The chapter problems are written well, easy to understand and provide a great way for students to practice all concepts. For an added bonus, gives the place that goes with this book even more tools for learning, such as chapter exercises, worksheets and flashcards.
