Study Guide (for use with) Fundamental Financial Accounting Concepts, 5th Edition Reviews
Study Guide (for use with ) Fundamental Financial Accounting Concepts, 5th Edition
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Tags: Accounting, Concepts, Edition, financial, fundamental, Guide, Reviews, Study
July 29th, 2010 at 3:12 pm
Review by Jasmine T. Baer for Study Guide (for use with) Fundamental Financial Accounting Concepts, 5th Edition
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I’ve read the reviews stating that this is a confusing book. I disagree completely. Although the author does not immediately delve into traditional T-accounts, the introduction of the “horizontal model” serves as a good foundation for building the awareness of the accounting equation that should be second nature BEFORE tackling T-accounts. The text’s preface states: “A horizontal financial statements model replaces the accounting equation as the predominant teaching platform. The model enables students to VISUALIZE THE SIMULTANEOUS EFFECTS OF A SINGLE BUSINESS EVENT on the income statement, balance sheet, and statement of cash flows.” I felt as though this methodology was very effective for my learning style. Recording transactions in T-accounts came almost as second nature after mastering the horizontal model.The “Working Papers” (a separate workbook) makes doing the assigned problems easy by providing a ready-made template for each problem. If you’ve had to draw your own T-accounts or your own journal in a notebook before, you will definitely appreciate this.This text serves as a good introduction to the skills necessary to master financial accounting.
July 29th, 2010 at 3:22 pm
Review by Benjamin F. Schumin for Study Guide (for use with) Fundamental Financial Accounting Concepts, 5th Edition
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This book is an excellent book to go with a Financial Accounting course. Everything is laid out in plain English, and shows you in diagrams and models exactly how each kind of transaction works. I recommend for professors everywhere to adopt this book for their clases. I’m glad mine did!
July 29th, 2010 at 3:53 pm
Review by for Study Guide (for use with) Fundamental Financial Accounting Concepts, 5th Edition
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Edmonds, McNair, Milan, and Olds have created a very easy to understand textbook for learning the basics of financial accounting. It makes the learning of the endlessly complicated parts of accounting very simple and can help to cease new accounting student’s fears of going on in the profession. Even though lightly marred by a few errors, it is a great introductory book.
July 29th, 2010 at 4:24 pm
Review by M. Rice for Study Guide (for use with) Fundamental Financial Accounting Concepts, 5th Edition
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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.
July 29th, 2010 at 4:41 pm
Review by Viktoryia Belakhvostsik for Study Guide (for use with) Fundamental Financial Accounting Concepts, 5th Edition
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Great seller, great communication, very fast shipping. Will be glad to do business again!!!!