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Fundamental Financial Accounting Concepts

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Fundamental Financial Accounting Concepts

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Fundamental Financial Accounting Concepts by Thomas P Edmonds
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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).

Table of Contents

Fundamental Financial Accounting Concepts, 7th Edition Chapter 1: An Introduction to Accounting Chapter 2: Understanding the Accounting Cycle Chapter 3: The Double-Entry Accounting System Chapter 4: Accounting for Merchandising Businesses 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 Debt Chapter 11: Proprietorships, Partnerships, and Corporations Chapter 12: Statement of Cash Flow Chapter 13: (Online) Financial Statement Analysis Appendix A: Accessing the EDGAR Database through the Internet Appendix B: Portion of the Form 10-K for Target Corporation Appendix C: Summary of Financial Ratios Appendix D: Annual Report and Financial Statement Analysis Project Appendix E: Accounting for Investment Securities Appendix F: Time Value of Money

Author Biography

Thomas P. Edmonds, is the Friends and Alumni Professor of Accounting at the University of Alabama at Birmingham (UAB). Dr. Edmonds has taught in the introductory area throughout his career. Frances M. McNair holds the KPMG Peat Marwick Professorship in Accounting at Mississippi State University (MSU). She has been involved in teaching principles of accounting for the past 12 years and currently serves as the coordinator for the principles of accounting courses at MSU. Philip R. Olds is Associate Professor of Accounting at Virginia Commonwealth University (VCU). He serves as the coordinator of the introduction to accounting courses at VCU.
Release date Australia
February 1st, 2010
Country of Publication
United States
7th Revised edition
Illustrations (chiefly col.)
McGraw Hill Higher Education
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