Fundamental Managerial Accounting Concepts 10th Edition By Thomas Edmonds – Solution Manual

Answer Key for Essential Managerial Accounting Ideas 10th Edition By Thomas Edmonds

• ISBN-10 ‏ : ‎ 126410068X
• ISBN-13 ‏ : ‎ 978-1264100682

Essential Managerial Accounting Ideas concentrates on enhancing decision-making abilities in students to fully comprehend managerial accounting principles, thus enhancing their capability to make informed business choices. The text emphasizes service and retail companies. Unlike traditional texts that use a manufacturing company for budgeting examples, this text uses a retail business. Employing a service-based company not only makes it more relevant but also simplifies the learning process, making it easier for students to focus on budgeting concepts rather than procedural details.
The author team led by Edmonds also enhances students’ grasp of concepts by introducing them separately in decision-making contexts. This enables students not only to understand the concepts but also to grasp how business theories intersect, which is crucial for a holistic view in accounting.

By giving significant importance to decision-making and introducing accounting principles uniquely, your students will acquire the foundational knowledge necessary for success both in the classroom and beyond!

Author Information

Mark A. Edmonds, Ph.D., CPA, holds the position of an associate professor in the Division of Accounting and Finance at the University of Alabama, Birmingham (UAB). He has conducted introductory and advanced accounting courses through face-to-face, flipped, and online formats.

Dr. Edmonds is currently leading the initiative within the Collât School of Business to integrate data analytics into the accounting curriculum. He has developed business analytics teaching resources at both the graduate and undergraduate levels. Various contributions have been made to this text focusing on the data analytics principles Dr. Edmonds incorporates into his classes. He was honored with the Loudell Ellis Robinson Excellence in Teaching Award.

Dr. Edmonds started his professional journey providing assurance services at the globally renowned accounting firm Ernst & Young. He leverages this corporate experience to bring a pragmatic approach to the concepts covered in this text. Upon concluding his corporate service, he received his Ph.D. from Southern Illinois University Carbondale. He serves as the education advisor on the Institute of Internal Auditors Birmingham Chapter board. Dr. Edmonds’ research revolves around alternative learning methods in accounting. He frequently publishes in reputable journals such as Challenges in Accounting Education and Journal of Accounting Education.

Professor Olds serves as an accounting associate professor at Virginia Commonwealth University (VCU). He acts as the coordinator for the accounting introductory courses at VCU. Professor Olds earned his AS degree from Brunswick Junior College in Brunswick, Georgia (now Coastal Georgia College). He attained a BBA in accounting from Georgia Southern College (now Georgia Southern University), and his MPA and PhD were conferred by Georgia State University. Following his graduation 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 papers in various professional journals and delivered presentations at national and regional conferences. He also served as the university advisor to the VCU chapter of Beta Alpha Psi for five years.

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

Thomas P. Edmonds, Ph.D., is a Professor Emeritus in the Department of Accounting at the University of Alabama, Birmingham (UAB). He has been actively engaged in teaching accounting principles throughout his academic career. Dr. Edmonds has overseen the accounting principles courses at the University of Houston and UAB. He has taught introductory accounting in large class settings and in distance learning programs. He has received five prestigious teaching accolades, including the Alabama Society of CPAs Outstanding Educator Award, the UAB President’s Excellence in Teaching Award, and the esteemed Ellen Gregg Ingalls Award for excellence in classroom instruction. Dr. Edmonds has authored numerous articles that have been featured in various publications, including Challenges in Accounting, the Journal of Accounting Education, Advances in Accounting Education, Accounting Education: A Journal of Theory, Practice, and Research, the Accounting Review, Advances in Accounting, the Journal of Accountancy, Management Accounting, the Journal of Commercial Bank Lending, the Bankers’ Journal, and the Journal of Accounting, Auditing, and Finance. Dr. Edmonds has served on the editorial board for Advances in Accounting: Teaching and Curriculum Innovations and Challenges in Accounting Education. He has authored five textbooks, five practice sets (including two automated sets), and a variety of supplementary materials including study guides, working papers, and solutions manuals. Dr. Edmonds’s writing is influenced by a range of business experiences. He is a successful entrepreneur. He served as a management accountant for Refrigerated Transport, a trucking company. Dr. Edmonds also worked in the nonprofit sector as a commercial lending officer for the Federal Home Loan Bank. Additionally, he has consulted for major corporations, including First City Bank of Houston (now Citi Bank), AmSouth Bank in Birmingham (now Regions Bank), Texaco, and Cortland Chemicals. Dr. Edmonds initiated his academic journey at Young Harris Community College in Young Harris, Georgia. He obtained a B.B.A. degree with a concentration in finance from Georgia State University in Atlanta, Georgia. He earned an M.B.A. degree with a focus on finance from St. Mary’s University in San Antonio, Texas. His Ph.D. degree, with a major in accounting, was granted by Georgia State University. Dr. Edmonds’s work background and academic training have enabled him to bring a unique individual perspective to this textbook.

Christopher T. Edmonds, PhD, acts as a professor in the Department of Accounting and Finance at the UAB Collat School of Business. He also serves as the coordinator for the face-to-face and online accounting fundamentals courses. Dr. Edmonds specializes in teaching and creating engaging face-to-face and online introductory accounting courses. He is a regular speaker at conferences and universities on effective teaching methodologies and has conducted over 40 professional teaching workshops. His dedication to aiding students’ learning led him to produce hundreds of short videos that teach fundamental accounting concepts. This endeavor led to the publication of the initial interactive video textbook for introductory accounting.

Dr. Edmonds has been honored with seven prestigious teaching awards, including the UAB President’s Outstanding Teaching Award, UAB University 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 authored four textbooks and has written numerous articles published in journals such as The Accounting Review, Auditing: A Journal of Theory and Practice, Journal of Accounting and Public Policy, Challenges 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 embarked on his professional journey as a web application developer formulating software solutions to digitize newspapers.

He commenced his academic journey at Colorado State University. He earned an MBA from UAB. His PhD, with a major in accounting, was conferred by Virginia Polytechnic Institute and State University.