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Students are often overwhelmed by the amount ofinformation
presented in the introductory financial accounting course,
whileinstructors often want their students to better grasp the big
picture of therole financial accounting plays in business.
Fundamentals of FinancialAccounting Concepts takes a unique
approach to building accounting skills, focusingstudents on
financial statement effects while maintaining a more traditionaluse
of debits and credits. With this method, the authors drive
studentcuriosity and inspire them to ask the "why" questions that
get at the heart ofhow accounting works. Through use of the
financial statements model andhorizontal transaction analysis,
students quickly see how any given businessevent affects the
financial statements. With straightforward writing, popular
lecturevideos, and a unique approach, Fundamentals of Financial
Accounting Concepts equipsstudents with the critical thinking
skills needed by future businessdecision-makers and leaders.
FundamentalManagerial Accounting Concepts focuses on the
development ofdecision-making skills helping students to truly
understand managerialaccounting concepts and improving their
ability to make sound businessdecisions. The text places a heavy
emphasis on service and merchandisingcompanies. For example, the
budgeting chapter uses a merchandising business,while most
traditional texts use a manufacturing company. Using a
servicecompany is not only more relevant, but also simplifies the
learningenvironment, thereby making it easier for students to focus
on budgetingconcepts rather than procedural details. The Edmonds
author team alsopromotes a student's understanding of concepts by
isolating and introducing theconcepts individually in
decision-making contexts. This allows for students tonot only
comprehend the concepts, but also to understand how business
conceptsinterrelate, which is a very critical part of seeing the
bigger picture inaccounting. Utilizing a heavy emphasis
ondecision-making and a unique approach to how accounting concepts
are introducedwill provide your students the foundational knowledge
they need to succeed inthe classroom and beyond!
Learning Financial Accounting can often feel like learning a
foreign language to students. Before students even grasp the
underlying concepts of Accounting, they are immersed in unfamiliar
terms, and before students fully realize the purpose of financial
statements, they are asked to make detailed recording procedures.
This early emphasis on terminology and recording can be a struggle
for non-accounting majors to see the relevancy, leading to
increased dropouts and higher failure rates. This creates a
challenge for Financial Accounting instructors, who must balance
the need to engage and retain non-majors while fully preparing
Accounting majors for the next level. The authors of Introductory
Financial Accounting for Business offer a solution emphasizing an
analytical approach to Accounting - teaching students to think like
business professionals and speak in terms of bottom-line
consequences: How will a given transaction impact my overall
business? How can I make better business decisions whether I'm an
accountant, manager, or entrepreneur? Business leaders are
demanding that new graduates have these critical thinking skills in
order to handle a rapidly changing modern business environment.
Today's students will encounter new technological advances in
automated data capture, data analytics, and artificial intelligence
- processes that are automating traditional recording procedures.
Rather than tallying transactions, students will be required to
analyze and interpret data, making decisions early and often and
thinking like business professionals. The Edmonds/Olds team's fresh
approach and modern pedagogy helps prepare students for their
business careers.
This is an EXACT reproduction of a book published before 1923. This
IS NOT an OCR'd book with strange characters, introduced
typographical errors, and jumbled words. This book may have
occasional imperfections such as missing or blurred pages, poor
pictures, errant marks, etc. that were either part of the original
artifact, or were introduced by the scanning process. We believe
this work is culturally important, and despite the imperfections,
have elected to bring it back into print as part of our continuing
commitment to the preservation of printed works worldwide. We
appreciate your understanding of the imperfections in the
preservation process, and hope you enjoy this valuable book.
Fundamental Managerial Accounting Concepts 7e by Edmonds/Tsay/Olds
focuses on concepts that are isolated and introduced in a logical
sequence. The authors intentionally limit the scope of the material
to help students build a solid foundation of the most important
concepts in managerial accounting. Fundamental Managerial
Accounting Concepts 7e is organized in a distinctive way,
particularly in the first six chapters. The objective is to
establish a coherent, integrative framework that enables students
to build knowledge in stepwise fashion. The authors' goal is for
students to understand the underlying principles of accounting, not
just memorize content.
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