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Managerial Accounting Concepts
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Student Edition
Instructor Edition
Fundamental Managerial Accounting Concepts, 3/e

Thomas P. Edmonds, University of Alabama--Birmingham
Cindy D. Edmonds, University of Alabama--Birmingham
Bor-Yi Tsay, University of Alabama--Birmingham
Philip R. Olds, Virginia Commonwealth University

ISBN: 0072991054
Copyright year: 2006

About the Authors



Thomas P. Edmonds
Dr. Edmonds holds the Friends and Alumni Professorship in the Department of Accounting at the University of Alabama at Birmingham (UAB). He has been actively involved in teaching accounting principles throughout his academic career. Dr. Edmonds has coordinated the accounting principles courses at the University of Houston and UAB. He currently teaches introductory accounting in mass sections that frequently include more than 180 students. Dr. Edmonds has received five prestigious teaching awards including the UAB President’s Excellence in Teaching Award and the distinguished Ellen Gregg Ingalls Award for excellence in classroom teaching. He has written a number of articles for many publications including Issues in Accounting; the Journal of Accounting Education; Advances in Accounting Education; Accounting Education: A Journal of Theory, Practice and Research; the Accounting Review; Advances in Accounting; the Journal of Accountancy; Management Accounting; the Journal of Commercial Bank Lending; the Banker’s Magazine; and the Journal of Accounting, Auditing, and Finance. He has published four textbooks, five practice problems (including two computerized problems), and a variety of supplemental materials including study guides, working papers, and solutions manuals. Dr. Edmonds’s writing is influenced by a wide range of business experience. He was a successful entrepreneur, worked as a management accountant for Refrigerated Transport, a trucking company, and worked in the not-for-profit sector as a commercial lending officer for the Federal Home Loan Bank. In addition, he has acted as a consultant to major corporations including First City Bank of Houston, AmSouth Bank in Birmingham, Texaco, and Cortland Chemicals. Dr. Edmonds began his academic training at Young Harris Community College in Young Harris, Georgia. He received a B.B.A. degree with a major in finance from Georgia State University in Atlanta, Georgia. He obtained an M.B.A. degree with a concentration in finance from St. Mary’s University in San Antonio, Texas. His Ph.D. degree with a major in accounting was awarded by Georgia State University. Dr. Edmonds’s work experience and academic training have enabled him to bring a unique user perspective to this textbook.

Cindy D. Edmonds
Cindy D. Edmonds, Ph.D., is an Associate Professor of Accounting at the University of Alabama at Birmingham. She serves as the coordinator of the introductory accounting courses at UAB. Dr. Edmonds received the 2001 Loudell Ellis Robinson Excellence in Teaching Award. Also, in 2000 and 2001 she was one of two School of Business faculty members nominated for the Ellen Gregg Ingalls Award for excellence in classroom teaching. She has written a variety of supplemental text materials including practice problems, a study guide, work papers, and test banks. Dr. Edmonds’ articles appear in numerous publications including Advances in Accounting Education, Journal of Education for Business, Journal of Accounting Regulation, Advances in Accounting, Management Accounting, CMA Journal, Disclosures, and Business and Professional Ethics Journal. Her manuscript "Running a City on a Shoe String" received a certificate of merit award from the Institute of Management Accountants. The manuscript was used by the City of Vestavia in its application for Moody's Municipal Bond Rating. Dr. Edmonds is heavily involved in service activities. She is the 2001 president of the Birmingham Chapter of the American Society of Women Accountants. Dr. Edmonds has worked in the insurance industry, in a manufacturing company, and in a governmental agency. This work experience has enabled her to bring a real-world flavor to her writing. Dr. Edmonds holds a B.S. degree from Auburn University, an M.B.A degree from the University of Houston and a Ph.D. degree from the University of Alabama.

Bor-Yi Tsay
Bor-Yi Tsay, Ph.D., CPA is a Professor of Accounting at the University of Alabama at Birmingham (UAB) where he has taught since 1986. He has taught principles of accounting courses at the University of Houston and UAB. Currently, he teaches an undergraduate cost accounting course and an MBA accounting analysis course. Dr. Tsay received the 1996 Loudell Ellis Robinson Excellence in Teaching Award. He has also received numerous awards for his writing and publications including John L. Rhoads Manuscripts Award, John Pugsley Manuscripts Award, Van Pelt Manuscripts Award, and three certificates of merits from the Institute of Management Accountants. His articles appeared in Journal of Accounting Education, Management Accounting, Journal of Managerial Issues, CPA Journal, CMA Magazine, Journal of Systems Management, and Journal of Medical Systems. He currently serves as a member of the board of the Birmingham Chapter, Institute of Management Accountants. He is also a member of the American Institute of Certified Public Accountants and Alabama Society of Certified Public Accountants. Dr. Tsay received a B.S. in agricultural economics from National Taiwan University, an M.B.A. with a concentration in Accounting from Eastern Washington University, and a Ph.D. in Accounting from the University of Houston.

Philip R. Olds
Professor Olds is Associate Professor of Accounting at Virginia Commonwealth University (VCU). He serves as the coordinator of the introduction to accounting courses at VCU. Professor Olds received his A.S. degree from Brunswick Junior College in Brunswick, Georgia (now Costal Georgia Community College). He received a B.B.A. in Accounting from Georgia Southern College (now Georgia Southern University) and his M.P.A. and Ph.D. degrees are from Georgia State University. After graduating from Georgia Southern, he worked as an auditor with the U.S. Department of Labor in Atlanta, Georgia. A CPA in Virginia, Professor Olds has published articles in various professional journals and presented papers at national and regional conferences. He also served as the faculty adviser to the VCU chapter of Beta Alpha Psi for five years. In 1989, he was recognized with an Outstanding Faculty Vice-President Award by the national Beta Alpha Psi organization.

Nancy Schneider
Professor Schneider is Associate Professor of Accounting at Lynchburg College in central Virginia where she has served for many years as the lead instructor for the accounting principles courses. Since attending graduate school she has participated in the writing, reviewing, editing, checking, and revising of college-level accounting and finance textbooks, textbook supplements, and related teaching materials. She has a deep personal commitment to student learning and to finding and sharing ways to improve college teaching. She is a recipient of the Sydnor Award for Teaching Excellence in Business at Lynchburg College and is frequently nominated by students for the College Excellence in Teaching Award. Professor Schneider initiated and organizes a highly popular annual symposium in which professors across all disciplines at the College exchange good teaching ideas. She has made numerous presentations at local and regional conferences, often related to teaching strategies, and is the coauthor of articles published in professional journals. Professor Schneider’s professional activities also include active membership on the board of her local chapter of the Institute of Management Accountants where she regularly involves students in professional accounting educational meetings. Prior to teaching accounting, she was an auditor with an international public accounting firm in Atlanta and an internal auditor for a large integrated oil and gas company in Houston. Professor Schneider has maintained an active license to practice as a certified public accountant since 1980, and became a certified management accountant in 1992. She is a member of the American Institute of Certified Public Accountants and the Virginia Society of Certified Public Accountants. Professor Schneider received a Bachelor’s degree in Mathematics Education with High Honors from the University of Florida in 1973, and a Master’s degree in Professional Accountancy from Georgia State University in 1978.


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