This engaging new edition is designed to bridge the gap between traditional and conceptual approaches of accounting. The best of both worlds are presented for those wishing to capitalize on the authors' strong conceptual approach plus teach the fundamentals of journal entries. Ingram & Baldwin explicitly link journal entries to their financial statement effects. The unique organization introduces students to how a business uses accounting information and then, in the second half, activities of the firm are emphasized. This engages students in the type of financing, investing and operating decisions that a firm has to make. This approach is especially ideal for students who will become users of accounting information because concepts - not procedures - are emphasized.
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Robert W. Ingram is the Ross-Culverhouse Chair in the Culverhouse School of Accountancy at the University of Alabama. He teaches courses in financial accounting and has been actively involved in course curriculum development. He has served as Director of Education for the American Accounting Association, as a member of the Accounting Education Change Commission, and as editor of Issues in Accounting Education, a journal dedicated to accounting education research. Professor Ingram is a Certified Public Accountant and holds a Ph.D. from Texas Tech University. Prior to joining the faculty at the University of Alabama, he held positions at the University of South Carolina and the University of Iowa, and a visiting appointment at the University of Chicago. His research, which examines financial reporting and accounting education, has been published widely in accounting and business journals. He is the recipient of the National Alumni Association Outstanding Commitment to Teaching Award and the Burlington Northern Foundation Faculty Achievement in Research Award at the University of Alabama. He has also received the Notable Contribution to Literature Award of the Government and Nonprofit Section of the American Accounting Association and the Award for Excellence and Professional Contributions of the Alabama Association for Higher Education in Business. Professor Ingram is married and has two children. He and his family enjoy sports, travel, reading, music, and art. They live contentedly in Tuscaloosa, Alabama.
The text has many excellent exercises and problems. Many problems are easy for the students to get started with due to the use of a suggested form or format and in some cases a reference to a chapter exhibit.
The self-study problems were useful and practical. They also provide models for some of the homework assignments.
I have always enjoyed using the Ingram text. I have particularly enjoyed the instructor supplement explaining cooperative learning and giving a plan for each chapter. I have used that as much as any other supplement I received.
Chapter 9 is concise, easy to read, and the material flows very well. Decision making was introduced in the chapter as being an essential element of a successful business.
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