Fundamental Financial Accounting Concepts » (7th Edition)

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.

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