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Students are often overwhelmed by the amount of information presented in the introductory financial accounting course. By focusing on fundamental concepts in a logical sequence, students are able to fully comprehend the material rather than memorize seemingly unrelated terms and topics. The goal of Fundamental Financial Accounting Concepts is to enable students to understand how any given business event affects the financial statements. The “financial statements model” is a highly praised feature because it allows students to visualize the simultaneous impact of business events on all of the key financial statements (the income statement, the balance sheet, and the statement of cash flows).
Fundamental Financial Accounting Concepts, 7th EditionChapter 1: An Introduction to AccountingChapter 2: Understanding the Accounting CycleChapter 3: The Double-Entry Accounting SystemChapter 4: Accounting for Merchandising BusinessesChapter 5: Accounting for InventoriesChapter 6: Internal Control and Accounting for CashChapter 7: Accounting for Receivables Chapter 8: Accounting for Long-Term Operational AssetsChapter 9: Accounting for Current Liabilities and PayrollChapter 10: Accounting for Long-Term DebtChapter 11: Proprietorships, Partnerships, and CorporationsChapter 12: Statement of Cash FlowChapter 13: (Online) Financial Statement AnalysisAppendix A: Accessing the EDGAR Database through the InternetAppendix B: Portion of the Form 10-K for Target CorporationAppendix C: Summary of Financial RatiosAppendix D: Annual Report and Financial Statement Analysis ProjectAppendix E: Accounting for Investment SecuritiesAppendix F: Time Value of Money