Fundamental Financial Accounting Concepts

by Thomas P. Edmonds

Students are often overwhelmed by the amount of information presented in the introductory financial accounting course, while instructors often want their students to better grasp “the big picture.” Fundamentals of Financial Accounting Concepts delivers a unique approach to building accounting skills while maintaining a more traditional use of debits and credits. Through this method, the authors drive students’ curiosity and inspire them to ask the “why” questions that get at the heart of how Accounting works.

By teaching foundational accounting concepts in a logical sequence, the Edmonds author team shifts the focus from memorizing procedures to the development of real-world thinking patterns. Author Chris Edmonds has also created a highly popular and widely used series of video lectures, which engage students by clearly and charismatically going over each learning objective in a conversational style. These videos help reinforce important lessons and are always available for review.

Through use of the financial statements model and transactional analysis, students quickly see how any given business event affects the financial statements. By having this “big picture” mentality, students can tie any single transaction back to the impact on the overall business. Between the straightforward writing, popular video lectures, and unique coverage approach, Fundamentals of Financial Accounting Concepts enables students to fully comprehend the material presented as future decision-makers.

Genres: Business, Reference, Finance, Accounting, School

800 pages, Hardcover

First published July 1, 1995

Reviews

[Alejna Alija · Rating 3 out of 5]

For all of you not very keen on economics, choose another book to get the basics of financial accounting. Too much unwanted details that take off the focus of the real point.

[Ryan Benner · Rating 2 out of 5]

This book is one of the worst accounting books I have read. It is confusing most times and overlooks major details. Unfortunately, I had to read this book for a class of mine. Outside of this, I do not recommend at all. The smartbook version offers video tutorials, but the person performing these is just as confusing and not detail-oriented. There are much better books out there to learn and understand accounting with.

[Carly · Rating 5 out of 5]

This is a fantastic account book. I used this book for my graduate-level Financial Accounting course. It was my first FA course, and this book really helped. It uses the horizontal accounting method to get you started and then moves into journal entries and t-accounts. It was to the point and logical, which made it easy to read and understand. I thought the companion workbook also went with it nicely and thoroughly reinforced the concepts from the book.

[Jon-David · Rating 1 out of 5]

Accounting Stuff

[Uday · Rating 4 out of 5]

itz wrks

[Ellen · Rating 4 out of 5]

Easy to follow text. It will certainly help you fall asleep if you get into bed to read it, but it's an accounting textbook, what do you expect?

[Arif Widianto]

Good fundamental accounting book that explains the concept and how it works.

[Nicole · Rating 3 out of 5]

Graduate degree (MBA) required reading