Book Description
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. Instructors have flexibility as to the amount of emphasis they want to place on this topic.
Customer Reviews:
Best book on the market.......2006-01-07
I'm a professor at a large state university. On the rare occasions when I teach this course, I always order the Edmonds book.
I believe the purpose of introductory or fundamental financial accounting is to teach students how to read and use finanacial statements. If used properly by the instructor, this is one of only two books on the market (the other is for MBA students) that can be used for this purpose.
I whole-heartedly endorse the horizontal model used by Edmonds, et. al. Most text book writers use a form of it. I even use it in my writings.
Some students want to learn debits and credits. In my opinion, this is best left to technical courses in accounting for those interested in the nuts and bolts.
However, for anyone who want to get something long-lasting from the course, this text book combined with the right professor, will be about the only option.
If this or any text book is used to teach technical aspects at the fundamental level, you won't have a good experience. Techinical aspects are best covered in Intermediate Accounting.
Better download the PowerPoint®.......2005-08-01
This text is abysmal. It is riddled with errors and omissions, gives incomplete examples, and presents information unsequentially. It relies too much and for too long on the horizontal model without practical applicatoin to journals and statements. If your college uses this text (as Medaille College and Finger Lakes Community College currently do) run away!
Fortunately, many of the gaps are filled in by the PowerPoint® presentations they make available on their support site: http://highered.mcgraw-hill.com/sites/0072472960/student_view0/ Note that these presentations are more extensive than the ones on the Topic Tackler CD that comes with the book. You must download these presentations if you want to have a chance with this book.
A good book with the right instructor.......2002-08-02
I've read the reviews stating that this is a confusing book. I disagree completely. Although the author does not immediately delve into traditional T-accounts, the introduction of the "horizontal model" serves as a good foundation for building the awareness of the accounting equation that should be second nature BEFORE tackling T-accounts. The text's preface states: "A horizontal financial statements model replaces the accounting equation as the predominant teaching platform. The model enables students to VISUALIZE THE SIMULTANEOUS EFFECTS OF A SINGLE BUSINESS EVENT on the income statement, balance sheet, and statement of cash flows." I felt as though this methodology was very effective for my learning style. Recording transactions in T-accounts came almost as second nature after mastering the horizontal model.
The "Working Papers" (a separate workbook) makes doing the assigned problems easy by providing a ready-made template for each problem. If you've had to draw your own T-accounts or your own journal in a notebook before, you will definitely appreciate this.
This text serves as a good introduction to the skills necessary to master financial accounting.
Most Confusing Accounting Textbook On The Market Today........2000-10-27
This Book begins using something called horizontial statments and then in chapter 5 switches to regular T accounts thus confusing students completely, I have yet to find a student that tells me the book is easy to understand or useful. It would be helpful if there was a solutions manual. Our school will change books next semester. It's not even good enough to make dorm furniture.
Great college companion!.......2000-10-20
This book is an excellent book to go with a Financial Accounting course. Everything is laid out in plain English, and shows you in diagrams and models exactly how each kind of transaction works. I recommend for professors everywhere to adopt this book for their clases. I'm glad mine did!
Product Description
Book DescriptionStudents 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. Instructors have flexibility as to the amount of emphasis they want to place on this topic.
Book Description
Students are often overwhelmed by the amount of information presented in the introductory financial accounting course. Fundamental Financial and Managerial Accounting Concepts gives students the big picture, by focusing on fundamental concepts 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. As a result, students are able to fully comprehend the material rather than memorize seemingly unrelated terms and topics. In the Financial portion the “horizontal financial statements model” enables students to understand how any given business event affects the financial statements. This highly praised feature 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 3 allowing instructors the flexibility in the amount of emphasis they want to place on this topic.
Book Description
CORPORATE FINANCIAL REPORTING is written for students who require an understanding of financial accounting and reporting issues, problems, and practices. It is appropriate for the second financial accounting course at the MBA level, often called Corporate Financial Reporting. This text is also appropriate for schools that offer a one semester Intermediate accounting course, at the undergraduate level, for Finance majors. Careful consideration is given to the management aspects associated with various financial reporting issues. Chapters blend issues, concepts, standards and stakeholder interests to convey the complexities, controversies and uncertainties inherent in the financial reporting process.
Customer Reviews:
Not for everyone.......2005-02-04
Materials are technical and explanations are skimpy. Some cases are excellent but most of exercises are just too mechanical. This book is for advanced courses for real accountants. In my opinion, not suitable for general MBAs.
Great Fun to Teach.......2004-01-03
Here is a secret: the study or practice or accounting may be tedious, but the teaching of accounting is fun. It's about money, power, greed, betrayal -- what's not to like? More particularly, it is one of those courses where students come in bearing such low expectations thaqt their only surprises will be pleasant.
Of all the accounting materials I've been exposed to, none is more fun to teach than this book by Brownlee, Ferris and Haskins. There is an introductory chaper of nuts and bolts. But then, the bulk of the book is made up of case studies in accounting analysis. With bright students (I use it with second- or third-year law students), you can do a whole course from the standing start.
Whenever I teach accounting, I tend to treat it as a "fraud" course--try to find the gimmick. In general, students are uncomfortable with the approach. They tend to think of accountants as nice people and their a not always happy with my seeming cynicism. Post-Enron (and WorldComm, and Adelphia, and Parmalat, etc. etc., etc.), I am tempted to call up all my former students and say -- "See? I was right all along." Meanwhile, it is wonderful to watch the student puzzle over a Brownlee problem and then say (as if with a flash of insight) -- "But that's wrong!" And of course the answer is: "That's why it's in the book."
An excellent book........2000-08-26
This is an extremely well-written and thoughtful book. The authors take a highly practical and rigorous look at accounting as used in practice by publicly-traded companies. It is an effective integration of accounting principles and real-world financial statement analysis -- helps the reader develop a sense of what is aggressive, what is conservative, etc., and what critical issues are discernible but not immediately obvious from a routine examination of financial statements. A good read for would-be Ben Inkers. For a more basic introduction to accounting, check out books by Robert Anthony.
Book Description
Fundamental Accounting Principles, 16e by Larson, Wild, Chiappetta is one of the most contemporary principles of accounting texts on the market. Its innovation is reflected in its extensive use of entrepreneurial examples, the integration of new computerized learning tools, and a highly engaging, pedagogical design. The new incorporation of the Topic Tackler / Accounting Cycle CD-ROM provides students with yet another advantage as they strive to understand the key concepts of accounting and their role in business. Our revision plan was devised with feedback from both users and non-users including focus groups from around the country. With years of research studying this market, our author team makes the 16th edition of Fundamental Accounting Principles one of the most innovative and reliable principles of accounting texts in the market.
Customer Reviews:
Great seller.......2005-10-02
Book was a little more used than described, but hey for the price it couldn't be beat. To bad my sylabus was wrong and the professor changed the edition. Anyhow, seller was excellent. Fast shipping and I would reccommend.
My first accounting book.......2005-02-16
I used this textbook for my first accounting class and it was by far the best. Examples are all spelled out step by step and the numerous exercies and problems contribute to a higher level of understanding. Buy the workbook offered. It will save you a lot of time normally spent setting up the problem. Much better then some of the higher level books I have used.
Fundamental Accounting Principles.......2000-12-12
This text was VERY helpful. The illustrations and examples were enough to explain the topic without havung to read the entire book.. Also the problems given at the end of each section were very good. Some were tough; however, the author starts you out with easy problems and works up to the more difficult ones. This text definitely is a good learning aid.
Book Description
Included here are forms useful in the completion of both exercises and problems. They provide headings and prerecorded example transactions that enable students to get started quickly and to work efficiently.
Product Description
Publisher: Edition: fifth
Customer Reviews:
Highly recommended.......2005-03-28
A very comprehensive and informative book, even though the examples are for the US it can be used and applied to other countries and systems. Gives a good grounding for financial understanding of healthcare entities. Highly recommend it to anyone looking interested in financial managment of health care organizations
Right to the point!.......2004-03-28
I found it very consice, and at the same time understandable with lots of examples, and practical. It is very well customized for health care organizations. It's worth your time and your money!
Financial Management of Healthcare Organizations.......2003-05-16
This text proved an invaluable guide to the subject of hospital finances. This was a subject I was not particularly interested in, and the book surprised me. It is readable and clear. The logic flows smoothly. There are plenty of examples, illustrating assorted principles. After reading several books on the topic of hospital finances, this one stands out for its clarity.
Book Description
Prepared by Phil Olds, Virginia Commonwealth University
Books:
- Fundamentals of Cost Accounting
- Fundamentals of Multinational Finance (2nd Edition) (Eiteman Series)
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- History: Fiction or Science? (Chronology, No. 1)
- History: Fiction or Science? (Chronology, No. 1)
- How Much Is Enough?: Everything You Need to Know to Steer Clear of Overindulgence and Raise Likeable, Responsible and Respectful Children -- from Toddlers to Teens
- How to Invest in Real Estate With Your IRA and 401K & Pay Little or No Taxes
- How to Value, Buy, or Sell a Financial Advisory Practice: A Manual on Mergers, Acquisitions, and Transition Planning
Books Index
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General
| Business & Investing
| Subjects
| Books
Working Papers to accompany Fundamental Financial Accounting Concepts
Understanding Financial Statements (8th Edition) (Pie)
Fundamental Managerial Accounting Concepts
Introduction to Managerial Accounting
International Organizational Behavior, Second Edition
