Tom Edmonds developed his ?fundamental concepts? approach over the nearly twenty years he has spent teaching introductory accounting. Students are often overwhelmed by the amount of information presented at the introductory level. By focusing on fundamental concepts in a logical sequence, students are able to learn the material rather than memorize seemingly unrelated terms and topics. Edmonds? goal is to enable students to understand how any given business event affects the financial statements. His ?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. This textbook will partner with Edmonds? FUNDAMENTAL MANAGERIAL ACCOUNTING CONCEPTS.
