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Survey of Accounting
Survey of Accounting

Survey of Accounting, 7th Edition

ISBN10: 1264442971 | ISBN13: 9781264442973
By Christopher Edmonds and Philip Olds
© 2024

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* The estimated amount of time this product will be on the market is based on a number of factors, including faculty input to instructional design and the prior revision cycle and updates to academic research-which typically results in a revision cycle ranging from every two to four years for this product. Pricing subject to change at any time.

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Survey of Accounting,7th edition, is designed to cover both financial and managerial accounting topics in a one-semester non-major course. The book focuses on decision-making by employing a Horizontal Financial Statements Model to show students how each business event impacts the financial statements. Managerial chapters focus on using the information to make business decisions. Edmonds’ unique approach shifts the focus from memorizing procedures to developing real-world thinking patterns and is easy for students to understand. The book offers the most comprehensive set of instructional videos on the market including an author-created video and quiz for each learning objective. The 7th edition also includes all-new resources such as Self-Study review problem videos to walk students through a comprehensive problem at the end of each chapter, an expanded number of guided example videos to assist students with end-of-chapter exercises, brief exercises that focus on one learning objective at a time, and career readiness features such as assignable Tableau Dashboard Activities, Integrated Excel Exercises, and Critical Thinking problems that build student familiarity and skills with tools that are commonplace in business and accounting practices today. These pedagogical innovations and supplementary materials have made the Edmonds content a popular choice.

Chapter 1 An Introduction to Accounting

Chapter 2 Accounting for Accruals and Deferrals

Chapter 3 Accounting for Merchandising Businesses

Chapter 4 Internal Controls, Accounting for Cash, and Ethics

Chapter 5 Accounting for Receivables and Inventory Cost Flow

Chapter 6 Accounting for Long-Term Operational Assets

Chapter 7 Accounting for Liabilities

Chapter 8 Proprietorships, Partnerships, and Corporations

Chapter 9 Financial Statement Analysis

Chapter 10 An Introduction to Management Accounting

Chapter 11 Cost Behavior, Operating Leverage, and Profitability Analysis

Chapter 12 Cost Accumulation, Tracing, and Allocation

Chapter 13 Relevant Information for Special Decisions

Chapter 14 Planning for Profit and Cost Control

Chapter 15 Performance Evaluation

Chapter 16 Planning for Capital Investments

Appendix A Accessing the EDGAR Database through the Internet

Appendix B The Double-Entry Accounting System

Appendix C Portion of the Form 10-K for Target Corporation

Appendix D Big Data and Data Visualizations Overview
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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.


Philip Olds

Professor Olds is associate professor of accounting at Virginia Commonwealth University (VCU). He serves as the coordinator of the introduction to accounting courses at VCU. Professor Olds received his AS degree from Brunswick Junior College in Brunswick, Georgia (now Costal Georgia College). He received a BBA in accounting from Georgia Southern College (now Georgia Southern University), and his MPA and PhD degrees are from Georgia State University. After graduating from Georgia Southern, he worked as an auditor with the U.S. Department of Labor in Atlanta, Georgia. A former CPA in Virginia, Professor Olds has published articles in various professional journals and presented papers at national and regional conferences. He also served as the faculty adviser to the VCU chapter of Beta Alpha Psi for five years.

In 1989, he was recognized with an Outstanding Faculty Vice-President Award by the national Beta Alpha Psi organization. Professor Olds has received both the Distinguished Teaching Award and the Distinguished Service Award from the VCU School of Business. Most recently, he received the university’s award for maintaining High Ethical and Academic Standards While Advocating for Student-Athletes and Their Quest Towards a Degree.

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