Fundamental Managerial Accounting Concepts, 6th edition by Edmonds/Tsay/Olds focuses on concepts that are isolated and introduced in a logical sequence. The authors intentionally limit the scope of the material to help students
build a solid foundation of the most important concepts in managerial accounting. The Text is organized in a distinctive
way, particularly in the first six chapters. The objective is to establish a coherent, integrative framework that enables
students to build knowledge in stepwise fashion.
Salient Features:
- Real World Examples: Text provides a variety of thought-provoking, real-world examples of managerial accounting
as an essential part of the management process.
- Focus on International Issues
- Chapter Focus Company: Each chapter introduces important managerial accounting topics within the context of a
realistic company
- Self-Study Review Problem About the Author
Thomas P. Edmonds
Thomas P. Edmonds, Ph.D., holds the Friends and Alumni Professorship in the Department of Accounting
at the University of Alabama at Birmingham (UAB). He has been actively involved in teaching accounting
principles throughout his academic career. Dr. Edmonds has coordinated the accounting principles
courses at the University of Houston and UAB. He currently teaches introductory accounting in mass
sections and in UAB’s distance learning program. He has received five prestigious teaching awards including
the Alabama Society of CPAs Outstanding Educator Award, the UAB President’s Excellence in
Teaching Award, and the distinguished Ellen Gregg Ingalls Award for excellence in classroom teaching.
He has written numerous articles that have appeared in many publications including Issues 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 Banker’s
Magazine, and the Journal of Accounting, Auditing, and Finance. Dr. Edmonds is a member of the editorial
board for Advances in Accounting: Teaching and Curriculum Innovations and Issues in Accounting
Education. He has published five textbooks, five practice problems (including two computerized
problems), and a variety of supplemental materials including study guides, work papers, and solutions
manuals. Dr. Edmonds’s writing is influenced by a wide range of business experience. He is a successful
entrepreneur. He has worked as a management accountant for Refrigerated Transport, a trucking
company. Dr. Edmonds also worked in the not-for-profit sector as a commercial lending officer for the
Federal Home Loan Bank. In addition, he has acted as a consultant to major corporations including First
City Bank of Houston (now Citi Bank), AmSouth Bank in Birmingham (now Wachovia Bank), Texaco, and
Cortland Chemicals. Dr. Edmonds began his academic training at Young Harris Community College in
Young Harris, Georgia. He received a B.B.A. degree with a major in finance from Georgia State University
in Atlanta, Georgia. He obtained an M.B.A. degree with a concentration in finance from St. Mary’s
University in San Antonio, Texas. His Ph.D. degree with a major in accounting was awarded by Georgia
State University. Dr. Edmonds’s work experience and academic training have enabled him to bring a
unique user perspective to this textbook.
Bor-Yi Tsay
Bor-Yi Tsay, Ph.D., CPA, is Professor of Accounting at the University of Alabama at Birmingham (UAB)
where he has taught since 1986. He has taught principles of accounting courses at the University of
Houston and UAB. Currently, he teaches an undergraduate cost accounting course and an MBA accounting
analysis course. Dr. Tsay received the 1996 Loudell Ellis Robinson Excellence in Teaching Award. He
has also received numerous awards for his writing and publications including John L. Rhoads Manuscripts
Award, John Pugsley Manuscripts Award, Van Pelt Manuscripts Award, and three certificates of
merit from the Institute of Management Accountants. His articles have appeared in Journal of Accounting
Education, Management Accounting, Journal of Managerial Issues, CPA Journal, CMA Magazine,
Journal of Systems Management, and Journal of Medical Systems. He currently serves as a member of
the board of the Birmingham Chapter, Institute of Management Accountants. He is also a member of the
American Institute of Certified Public Accountants and Alabama Society of Certified Public Accountants.
Dr. Tsay received a B.S. in agricultural economics from National Taiwan University, an M.B.A. with a
concentration in accounting from Eastern Washington University, and a Ph.D. in accounting from the
University of Houston.
Table of Contents:
Chapter 1 Management Accounting and Corporate Governance
Chapter 2 Cost Behavior, Operating Leverage, and Profitability Analysis
Chapter 3 Analysis of Cost, Volume, and Pricing to Increase Profitability
Chapter 4 Cost Accumulation, Tracing, and Allocation
Chapter 5 Cost Management in an Automated Business Environment: ABC, ABM, and TQM
Chapter 6 Relevant Information for Special Decisions
Chapter 7 Planning for Profit and Cost Control
Chapter 8 Performance Evaluation
Chapter 9 Responsibility Accounting
Chapter 10 Planning for Capital Investments
Chapter 11 Product Costing in Service and Manufacturing Entities
Chapter 12 Job-Order, Process, and Hybrid Costing Systems
Chapter 13 Financial Statement Analysis
Chapter 14 Statement of Cash Flows
Appendix A Accessing the EDGAR Database through the Internet
Glossary
Credits
Index