Philip Olds – författare

Survey of Accounting 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.The text focuses on managerial decision making and places a heavy emphasis on service and merchandising companies. This creates a more relevant and simplified learning environment making it easier for students to focus on budgeting concepts rather than procedural details. This unique approach shifts the focus from memorizing procedures to developing real-world thinking patterns and is easy for students to understand.The title also offers a comprehensive set of instructional videos including an author-created video and quiz for each learning objective. This "Video Textbook" provides flexibility for both in person and online instruction.

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.