Free PDF Fundamental Financial Accounting Concepts, by Thomas P. Edmonds
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Fundamental Financial Accounting Concepts, by Thomas P. Edmonds
Free PDF 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).
- Sales Rank: #2693377 in Books
- Brand: Brand: Irwin/McGraw-Hill
- Published on: 2010-02-01
- Original language: English
- Number of items: 1
- Dimensions: 10.79" h x .98" w x 8.46" l, .0 pounds
- Binding: Paperback
- 800 pages
- Used Book in Good Condition
About the Author
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.
Most helpful customer reviews
3 of 3 people found the following review helpful.
Best introductory textbook I've seen
By Paul Madsen
I teach financial accounting in a university and this is easily the best introduction to financial accounting I've found. Intro financial accounting is challenging for a lot of students regardless of the book and I think this explains some of the negative reviews here. But when you compare this book against the alternatives, it is better. Specifically, this book does a uniquely good job illustrating how journal entries, T accounts, and the financial statements relate to one another. In my experience, the logic of financial accounting is the most critical thing students should learn in an introductory class. Most textbooks spend far too much time on details of the particular pieces of an accounting system and students leave the class wondering why they had to memorize so many seemingly meaningless rules in their accounting class. This was exactly my reaction to financial accounting when I first studied it as an undergraduate (and then spent many years in finance before realizing the accounting was not a collection of arbitrary rules). I searched for several years for an accounting book that would drop some of the detail (introductory students don't need to understand dollar value LIFO for example) and teach the structure. This book accomplished this better than any other I have found. I wish my undergraduate introduction to financial accounting class had been based on this book. Maybe I could have avoided my years wandering through the finance wilderness.
2 of 2 people found the following review helpful.
Very confusing for anyone with no background in accounting...
By Student
I had to buy this book for my accounting class, which I'm taking only to fulfill my GenEd requirements. Instead of delivering information in some sort of logical order, the text is all over the map. It is very difficult to understand the concepts as presented. I would have much preferred that they begin with some general accounting information, such as definitions of the terms used. This book might be helpful to future CPAs but to those of us just trying to learn some basic concepts, this book is just about worthless. I've come across plenty of poorly designed textbooks and this one is at the top of my list. What a waste of money!
3 of 4 people found the following review helpful.
I don't know where all the high praise reviews come from....
By Carson E. Eversole
Mostly, my review will be covering the "kindle" format of the book.
Let me start with the simple words, "I hate it." At first it seemed so convenient to be able to just carry anywhere without a second thought. If I had a second, I could just pull my phone or kindle out and study! How could I go wrong with such a purchase?! Well, I obviously did not think of how small the many charts and balance sheets would be. Nor did I realize that the pages would be completely inconsistent. One day the information I found the day before on page 1454 will be on page 1467. I don't know why the information is read differently...it just is.
The next problem with the kindle format is that despite the "go to" function, it is impossible to compare different numbers. Especially when you are comparing the A and B problem sets.
As for the book itself? I am not the best student when it comes to mathematical equations and charts. I feel that if I had the physical text book I would do much better. However, I also feel that the content of the book moves far too quickly to allow new students to comprehend what they are learning. Also, some of the B problems are as different from their A problem counterparts as Night and Day differ. This book is a terrible choice for an "Introductory" class to Accounting. My accounting class-the lowest possible class-uses this book to introduce the concepts...and where I understood at first...I'm now completely lost as though I studied a language before visiting a country only to end up in a country where they speak a completely different language. It's not only the book's fault...but the Teacher plays a huge part in it as well. So don't take my one star review to concentrate solely on the content of the book...because it is mostly meant for the kindle version of it.
DO NOT BUY THE KINDLE VERSION. It's not worth the headaches and frustration.
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