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). The mechanics of accounting coverage (debits and credits) is delayed until chapter 4. Instructors have flexibility as to the amount of emphasis they want to place on this topic.
|Publisher:||McGraw-Hill Companies, The|
|Edition description:||Text & Booklet|
|Product dimensions:||8.00(w) x 11.00(h) x 1.14(d)|
About 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.
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.
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.
Table of Contents
1. Elements of Financial Statements
2. Accounting for Accruals
3. Accounting for Deferrals
4. The Double-Entry Accounting System
5. Accounting for Merchandising Business
6. Accounting for Merchandising Businesses: Advanced Topics
7. Internal Control and Accounting for Cash
8. Accounting for Accruals: Advanced Topics Related to Receivables
9. Accounting for Long-Term Operational Assets
10. Accounting for Long-Term Debt
11. Accounting for Equity Transactions
12. Statement of Cash Flows
Appendix A Accessing the EDGAR Database through the Internet
Appendix B Topps Company, Inc. Annual Report
Appendix C Summary of Financial Ratios
Appendix D Annual Report and Financial Statement Analysis Project