Introductory Financial Accounting for Business: 2024 Release ISE

1 An Introduction to Accounting
2 Accounting for Accruals and Deferrals
3 The Double-Entry Accounting System
4 Accounting for Merchandising Businesses
5 Accounting for Inventories
6 Internal Control and Accounting for Cash
7 Accounting for Receivables
8 Accounting for Long-Term Operational Assets
9 Accounting for Current Liabilities and Payroll
10 Accounting for Long-Term Debt
11 Proprietorships, Partnerships, and Corporations
12 Statement of Cash Flows
13 Financial Statement Analysis (Available online in Connect)

Appendix A: Accessing the EDGAR Database Using the Internet
Appendix B: Portion of the Form 10-K for Target Corporation
Appendix C: Summary of Financial Ratios
Appendix D: Annual Report and Financial Statement Analysis Projects
Appendix E: Accounting for Investment Securities
Appendix F: Time Value of Money
Appendix G: Big Data and Data Visualizations Overview

Learning Financial Accounting can often feel like learning a foreign language. 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. 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. 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. 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? Today's students will encounter new technological advances in automated data capture, data analytics, and artificial intelligence – processes that are automating traditional recording procedures. Rather than tallying transactions, students will be required to analyze and interpret data, making decisions early and often and thinking like business professionals. The Edmonds/Olds team’s fresh approach and modern pedagogy helps prepare students for future business careers.