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ISBN10: 1266078290 | ISBN13: 9781266078293

Fundamental Managerial Accounting Concepts
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This title focuses on developing decision-making skills to help students understand managerial concepts and improve their ability to make sound business decisions. The heavy emphasis on service and merchandising companies is unique as most traditional texts use manufacturing companies. These examples are more relevant and simplify the learning environment, making it easier for students to focus on budgeting concepts rather than procedural details.
The author team also promotes students' understanding by isolating and introducing concepts individually in decision-making contexts. This allows students to comprehend the concepts and understand how business concepts interrelate, which is a critical part of seeing the bigger picture in accounting.
Utilizing a heavy emphasis on decision-making and a unique approach to how accounting concepts are introduced will provide your students the foundational knowledge they need to succeed in the classroom and beyond!
2. Behavior, Operating Leverage, and Profitability Analysis
3. Analysis of Cost, Volume, and Pricing to Increase Profitability
4. Cost Accumulation, Tracing, and Allocation
5. Cost Management in an Automated Business Environment: ABC, ABM, and TQM
6. Relevant Information for Special Decisions
7. Planning for Profit and Cost Control
8. Performance Evaluation
9. Responsibility Accounting
10. Planning for Capital Investments
11. Product Costing in Service and Manufacturing Entities
12. Job-Order, Process, and Hybrid Costing Systems
13. Financial Statement Analysis
14. Statement of Cash Flows
Appendix A. Accessing the EDGAR Database through the Internet
Appendix B. Big Data and Data Visualization
About the Author
Christopher Edmonds
Christopher T. Edmonds, PhD, is a professor in the Department of Accounting and Finance at the UAB Collat School of Business. He also is the course coordinator for the face-to-face and online principles of accounting courses. Dr. Edmonds specializes in teaching and developing engaging face-to-face and online introductory accounting courses. He is a frequent speaker at conferences and universities on best teaching practices and has delivered over 40 professional teaching workshops. His passion for helping students learn inspired him to create hundreds of short videos teaching the fundamental concepts of accounting. This work led to the publication of the first interactive video textbook for introductory accounting.
Dr. Edmonds has received seven prestigious teaching awards including the UAB President’s Outstanding Teaching Award, UAB Faculty Student Success Award, UAB Transformative Online Course Award, UAB Loudell Ellis Robinson Classroom Teaching Award, UAB Disability Support Recognition Award, and the Virginia Tech Favorite Faculty Award. He has published four textbooks and has written numerous articles that have appeared in publications including The Accounting Review, Auditing: A Journal of Theory and Practice, Journal of Accounting and Public Policy, Issues in Accounting Education, Advances in Accounting Education, Advances in Accounting, and Review of Quantitative Finance and Accounting. He currently serves on several editorial boards. Dr. Edmonds started his career as a web application developer creating software solutions to put newspapers online.
He began his academic training at Colorado State University. He obtained an MBA from UAB. His PhD with a major in accounting was awarded by Virginia Polytechnic Institute and State University.
Mark Edmonds
Mark A. Edmonds, Ph.D., CPA, is an assistant professor in the Department of Accounting and Finance at the University of Alabama at Birmingham (UAB). He has taught principles and advanced accounting classes in face-to-face, flipped, and online formats.
Dr. Edmonds is currently spearheading the effort within the Collât School of Business to integrate data analytics into the accounting curriculum. He has developed business analytics teaching tools at both the graduate and undergraduate level. Several contributions have been made to this text revolving around the data analytics concepts Dr. Edmonds incorporates into his classes. He is the recipient of the Loudell Ellis Robinson excellence in teaching award.
Dr. Edmonds began his career providing assurance services for the internationally recognized accounting firm Ernst & Young. He utilizes this professional experience to bring a practical approach to the concepts covered in this text. At the conclusion of his professional service, he obtained his PhD from Southern Illinois University Carbondale. He serves as the education adviser on the board of the Institute of Internal Auditors Birmingham Chapter. Dr. Edmonds’ research focuses on alternative learning strategies in accounting. He frequently publishes in prominent journals such as Issues in Accounting Education and Journal of Accounting Education.
Jennifer Edmonds
Jennifer Echols Edmonds, Ph.D., is an associate professor at the University of Alabama at Birmingham (UAB) Collat School of Business. Her primary teaching areas are financial and managerial accounting. She has experience teaching in the Undergraduate, MAC, and MBA programs.
Dr. Edmonds is passionate about increasing engagement and creating a community for all students. She has spoken at numerous conferences such as the AAA Annual Meeting, AAA Conference on Teaching and Learning in Accounting, AAA Teaching, Learning & Curriculum section, Teachers of Accounting at Two-Year Colleges, and Annual Accounting Educators’ Symposium. She has received the UAB Loudell Ellis Robinson Classroom Teaching Award, as well as teaching grants from Deloitte, UAB, and Virginia Tech. She created teaching resources for incorporating International Financial Reporting Standards into Intermediate Accounting. The teaching resources were published online at the American Accounting Association.
Also active in the research community, Dr. Edmonds serves on the editorial board for Advances in Accounting and Journal of International Accounting, Auditing, and Taxation. She has published articles in prominent journals such as Journal of Accounting and Public Policy, Advances in Accounting, Research in Accounting Regulation, and The CPA Journal.
Dr. Edmonds received a bachelor’s degree in accounting from Birmingham-Southern College and completed her master’s and PhD degrees in accounting at Virginia Polytechnic Institute and State University.
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