Fundamental Financial and Managerial Accounting Concepts / Edition 1

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Overview

Students are often overwhelmed by the amount of information presented in the introductory financial accounting course. Fundamental Financial and Managerial Accounting Concepts gives students the big picture, by focusing on fundamental concepts in a logical sequence. The authors intentionally limit the scope of the material to help students build a solid foundation of the most important concepts. As a result, students are able to fully comprehend the material rather than memorize seemingly unrelated terms and topics.

In the Financial portion the “horizontal financial statements model” enables students to understand how any given business event affects the financial statements. This highly praised feature 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). The mechanics of accounting coverage (debits and credits) is delayed until chapter 3 allowing instructors the flexibility in the amount of emphasis they want to place on this topic.

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Product Details

  • ISBN-13: 9780072846003
  • Publisher: McGraw-Hill Companies, The
  • Publication date: 12/23/2005
  • Edition description: New Edition
  • Edition number: 1
  • Pages: 1296
  • Product dimensions: 8.80 (w) x 10.90 (h) x 1.80 (d)

Meet the Author

Thomas P. Edmonds, Ph.D.: Dr. Edmonds is Professor of Accountancy at the University of Alabama at Birmingham, (UAB). He has been actively involved in teaching accounting principles throughout his academic career. He has received several prestigious teaching awards, including the UAB President’s Excellence in Teaching Award and the distinguished Ellen Gregg Ingalls Award for excellence in classroom teaching. His academic experience includes being published in the Journal of Accounting Education, the Accounting Review, and the Journal of Accounting, Auditing and Finance among others. Dr. Edmonds received his Ph.D. in Accounting from Georgia State University.

Philip R. Olds, Ph.D., CPA: Dr. Olds is Professor of Accounting at Virginia Commonwealth University, and received his Ph.D. from Georgia State University.

Frances M. McNair, Ph.D., CPA: Dr. McNair holds the KPMG Peat Marwick Professorship of Accounting at Mississippi State University, (MSU) and received her Ph.D. in Accounting from the University of Mississippi. Her research has been published in the Journal of Accountancy, Management Accounting, and the Business and Professional Ethics Journal.

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Table of Contents

Edmonds

BRIEF CONTENTS

chapter 1 Elements of Financial Statements

chapter 2 Understanding the Accounting Cycle

chapter 3 The Double-Entry Accounting System

chapter 4 The Double-Entry Accounting System

chapter 5 Accounting for Inventories

chapter 6 Internal Control and Accounting for Cash

chapter 7 Accounting for Receivables

chapter 8 Accounting for Long-Term Operational Assets

chapter 9 Accounting for Current Liabilities and Payroll

chapter 10 Accounting for Long-Term Notes Payable and Bond Liabilities

chapter 11 Proprietorships, Partnerships, and Corporations

chapter 12 Statement of Cash Flows

chapter 13 Financial Statement Analysis

chapter 14 Management Accounting: A Value-Added Approach

chapter 15 Cost Behavior, Operating Leverage, and Profitability Analysis

chapter 16 Cost Accumulation, Tracing, and Allocation

chapter 17 Product Costing in Service and Manufacturing Companies

chapter 18 Job-Order, Process, and Hybrid Cost Systems

chapter 19 Analysis of Cost, Volume, and Pricing to Increase Profitability

chapter 20 Relevant Information for Special Decisions

chapter 21 Planning for Profit and Cost Control

chapter 22 Performance Evaluation

chapter 23 Responsibility Accounting

chapter 24 Planning for Capital Investment
Appendix A Accessing the EDGAR Database through the Internet

Appendix B Topps Annual Report for 2003

Index
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