Fundamental Financial Accounting Concepts 8th Edition

by Thomas P. Edmonds, Frances M. McNair, Philip R. Olds

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). The mechanics of accounting coverage (debits and credits) is delayed until chapter 4, providing faculty the flexibility as to the amount of emphasis they want to place on this topic.

Genres: Business, Reference, Finance, Accounting, School

796 pages, Paperback

First published July 1, 1995

Reviews

[Alejna Alija]

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]

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]

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]

Accounting Stuff

[Uday]

itz wrks

[Ellen]

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]

Graduate degree (MBA) required reading