He has taught introductory accounting in mass sections and in distance learning programs. Edmonds has coordinated the accounting principles courses at the University of Houston and UAB.
He has been actively involved in teaching accounting principles throughout his academic career. Edmonds, Ph.D., is Professor Emeritus in the Department of Accounting at the University of Alabama at Birmingham (UAB). The Edmonds/Olds team’s fresh approach and modern pedagogy helps prepare students for their business careers.Ĭhapter 4: Accounting for Merchandising BusinessesĬhapter 6: Internal Control and Accounting for CashĬhapter 8: Accounting for Long-Term Operational AssetsĬhapter 9: Accounting for Current Liabilities and PayrollĬhapter 10: Accounting for Long-Term DebtĬhapter 11: Proprietorships, Partnerships, and CorporationsĬhapter 13: The Double-Entry Accounting SystemĬhapter 14: Financial Statement Analysis (Available online in Connect)Īppendix A: Accessing the EDGAR Database through the InternetĪppendix B: Portion of the Form 10-K for Target CorporationĪppendix D: General Ledger Capstone ProjectĪppendix E: Capstone Financial Statement Analysis and Annual Report ProjectsĪppendix F: Accounting for Investment SecuritiesĪppendix H: Big Data and Data Visualizations Overview Rather than tallying transactions, students will be required to analyze and interpret data, making decisions early and often and thinking like business professionals.
Today's students will encounter new technological advances in automated data capture, data analytics, and artificial intelligence – processes that are automating traditional recording procedures. The authors of Introductory Financial Accounting for Business offer a solution emphasizing an analytical approach to Accounting – teaching students to think like business professionals and speak in terms of bottom-line consequences: How will a given transaction impact my overall business? How can I make better business decisions whether I’m an accountant, manager, or entrepreneur?īusiness leaders are demanding that new graduates have these critical thinking skills in order to handle a rapidly changing modern business environment. This creates a challenge for Financial Accounting instructors, who must balance the need to engage and retain non-majors while fully preparing Accounting majors for the next level. This early emphasis on terminology and recording can be a struggle for non-accounting majors to see the relevancy, leading to increased dropouts and higher failure rates.
Before students even grasp the underlying concepts of Accounting, they are immersed in unfamiliar terms, and before students fully realize the purpose of financial statements, they are asked to make detailed recording procedures. Learning Financial Accounting can often feel like learning a foreign language to students. Thomas Edmonds and Christopher Edmonds and Mark Edmonds and Jennifer Edmonds and Philip Olds Introductory Financial Accounting for Business 2 Janu9781260814446
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