This textbook is written terribly. Each chapter seems to refer to multiple concepts, with little to no explanation of the concepts besides "We will cover that concept in X chapter". Chapter 1 refers to nearly every other chapter, Chapter 2 refers to nearly every other chapter, (Including Chapter 1??) Chapter 3 refers to every other chapter, (Including chapters 1 and 2) etc etc. Each chapter seems to read like the introductory chapter. The content organization of the book makes me think the authors decided how to break each "topic" down, then wrote that topic while referring to the (not yet written) other "topic" sections. The "topics" then were assigned chapters based on how they thought information flow should go. The problem is, there is NO buildup of knowledge as every chapter reads like it *should* be the last chapter in the book since it assumes you know all of the other concepts it refers to in every other chapter. (Which of course you do not)
The book also, despite saying it will focus on only two companies in chapter 1, constantly jumps into different companies financial information. This seems to only confuse, not help understanding.
As other reviewers stated, the book does very little explaining, and mostly stating. I found the review which mentioned watching an expert accountant fly through the work they do daily and expecting you to understand it right on. To say this book is hard to pay attention to, and hard to comprehend is a drastic understatement.
This book is one of the most terrible MBA textbooks I've had. If it didn't cost so much (and therefor be worth more to sell back) I'd burn it too.