Fundamental Financial Accounting Concepts

by Edmonds, Thomas; McNair, Frances; Olds, Philip

• ISBN13: 9780078025365
• ISBN10: 0078025362
• Edition: 8th
• Format: Hardcover
• Copyright: 2012-01-10
• Publisher: McGraw-Hill Education

Summary

Course: Fundamental Financial Accounting Concepts 8th Edition by Edmonds/McNair/Olds is ideal for the undergraduate introductory financial accounting course, specifically for those wanting to focus on the relationships between business events and financial statements. This text is also appealing to those instructors looking for a shorter text that focuses more on "key" financial accounting concepts rather than rather than procedural details, and to those desiring a stronger user orientation in their course. Overview: 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

Chapter 1 An Introduction to Accounting

Section 1: Collecting and Organizing Information

Section 2: Reporting Information

Chapter 2 Accounting for Accruals and Deferrals

Section 1: Accounting for Accruals

Section 2: Accounting for Deferrals

Chapter 3 The Double-Entry 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 Flows

Chapter 13 Financial Statement Analysis 13-0 (ONLINE ONLY)

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 Radios

Appendix D Annual Report and Financial Statement Analysis Projects

Appendix E Accounting for Investment Securities

Appendix F Time Value of Money

Glossary