Fundamental Financial Accounting Concepts
- on 02.03.10
- Business Accounting
- 5 Comments
- Cash Today
- Bad Credit
Product 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… More >>
Fundamental Financial Accounting Concepts
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.
Rating: 1 / 5
In these tough economic times I am very angry that this book is being used in my son’s college course. It is TOO expensive and McGraw and Hill did not release any of the paperbacks to be sold which were priced on Amazon @ $71.00 versus $179.00 and up for the hardcover! I even called McGraw and they do not even had the paperback listed as being available.
Mr. Edmonds is an educator. You would think that he would see to it that a more affordable book like the paperback version would be available especially during this financially tough time for college students and their families.
Shame on those connected with this book that they did not make available to students the more affordable paperback version. Even the used copies are sold for over $100 which is just ridiculous.
Rating: 1 / 5
Great seller, great communication, very fast shipping. Will be glad to do business again!!!!
Rating: 5 / 5
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.
Rating: 5 / 5
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.
Rating: 1 / 5