Fundamental financial accounting concepts /
Thomas P. Edmonds, University of Alabama--Birmingham, Christopher T. Edmonds, University of Alabama--Birmingham, Mark A. Edmonds, University of Alabama-Birmingham, Jennifer E. Edmonds, University of Alabama--Birmingham, Philip R. Olds, Virginia Commonwealth University.
- Eleventh edition.
- xl, 772 pages : color illustrations ; 28 cm
Includes index "This international student edition is for use outside of the U.S." - Umschlag
Chapter 1 An Introduction to Accounting Chapter 2 Accounting for Accruals and Deferrals 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 Flows Chapter 13 Financial Statement Analysis (Available online in Connect)
"Technology has changed accounting practice. Gone are the days where accountants used pens, paper, and calculators to maintain records and prepare statements. Indeed, most companies use computer software that simplifies data entry, recordkeeping, and statement preparation. Today's accountants spend less time preparing financial information and more time consulting and advising clients. To remain relevant, accounting education must move beyond the traditional preparer approach. The first step in learning how to advise clients is to understand how business professionals incorporate accounting in the decision-making process. Business professionals tend to think about bottom-line consequences. If I do this or that, how will it affect my company's net income, total assets, cash flow, and so on. To promote bottomline thinking, we take the student one step beyond the recording process. Specifically, we employ a financial statements model to show them how the journal entries affect financial statements. The model arranges the balance sheet, income statement, and statement of cash flows horizontally across a single line of text"--
College of Business and Accountancy Bachelor of Science in Accountancy