Fundamental financial accounting concepts (7th edition)
The book "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.
2011
The book "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 content of the book includes 13 Chapters:
+ Chapter 1: Introduction to accounting
+ Chapter 2: Understanding the accounting cycle
+ Chapter 3: The double entry accounting system
+ Chapter 4: Accounting for merchandising business
+ 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
Thomas P. Edmonds; Frances M. McNair, Philip R. Olds. Fundamental financial accounting concepts (7th edition). Mc Graw-Hill, 2011.
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