![]() | ||
Fundamental Financial and Managerial Accounting ConceptsThomas P. Edmonds,
University of Alabama Cindy D. Edmonds, University of Alabama Philip R. Olds, Virginia Commonwealth University Frances M. McNair, Mississippi State University Bor-Yi Tsay, University of Alabama Nancy Schneider, Lynchburg College Students are often overwhelmed by the amount of information presented in the introductory financial accounting course. Edmonds' Fundamental Financial and Managerial Accounting Conceptsgives students the big picture by focusing on fundamental concepts in a logical sequence. Focus on Concepts : Edmonds truly focuses on the fundamentals of principles of accounting. By not going into needless detail or covering too many advanced topics, Edmonds helps students learn more easily and efficiently. Horizontal Financial Statements Model : This visual tool effectively helps students understand how any given business event affects the financial statements and allows students to visualize the simultaneous impact of business events on all three key financial statements. Integrated Coverage of the Statement of Cash Flows : Statement of cash flow coverage begins in the first financial chapter. To make this challenging topic more digestible for students, they will first analyze the cash account, saving more complicated topics for later in the text. Service Emphasis : As the U.S. economy shifts from a manufacturing emphasis to a service based economy, accounting education must shift its emphasis as well. Edmonds' managerial chapters provide the appropriate emphasis on the service sector . | ||
