Test Bank for Fundamental Financial Accounting Concepts 10th by Edmonds

Product details:

• ISBN-10 ‏ : ‎ 1259918181
• ISBN-13 ‏ : ‎ 978-1259918186
• Author: Christopher T. 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.

Table contents:

Chapter 1 An Introduction to Accounting

Chapter 2 Accounting for Accruals and Deferrals

Chapter 3 The Double-Entry Accounting System

Chapter 4 Accounting for Merchandising Businesses

Chapter 5 Accounting for Inventories

Chapter 6 Internal Control and Accounting for Cash

Chapter 7 Accounting for Receivables

Chapter 8 Accounting for Long-Term Operational Assets

Chapter 9 Accounting for Current Liabilities and Payroll

Chapter 10 Accounting for Long-Term Debt

Chapter 11 Proprietorships, Partnerships, and Corporations

Chapter 12 Statement of Cash Flows

Chapter 13 Financial Statement Analysis (Available online in Connect)

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