Managerial Accounting - Open Textbook Library

Managerial Accounting was written around three major themes: Ready, Reinforcement and Relevance. This book is aimed squarely at the new learning styles evident ... 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ReviewedbySalinaSiddique,AssistantProfessor,MetropolitanStateUniversityofDenveron5/22/19 Thetextbookcoverstheallthemajorconceptsofmanagerialaccounting.AlthoughtheyarefollowedinaslightlydifferentwayandorderthanarepursuedinthetextbookIamcurrentlyusing.Ifoundthebookeasytofollow;however,anumberof... readmore ReviewedbySalinaSiddique,AssistantProfessor,MetropolitanStateUniversityofDenveron5/22/19 Comprehensiveness rating: 5 seeless Thetextbookcoverstheallthemajorconceptsofmanagerialaccounting.AlthoughtheyarefollowedinaslightlydifferentwayandorderthanarepursuedinthetextbookIamcurrentlyusing.Ifoundthebookeasytofollow;however,anumberofconceptscouldhavebeenstretchedfurther,suchas,First-in-first-outmethodforProcessCostinginChapter4,Leaseorselldecisionandreplacinganoldequipmentwithanewoneetc.inChapter7andBudgetingformerchandisingorganizationsinChapter9aresomeexamplestomention.InclusionofTableofContentsinthePDFversionwouldhaveassistedwiththereviewingofthetextbook.Acomprehensivelistoflearningobjectivewouldbeusefulatthebeginningofeachchapter.Inaddition,inclusionofanindex/glossarywouldhavebeenreallyhelpfulforquicksearch. ContentAccuracy rating: 5 Thedefinitionsarecomprehensive.Ihaverandomlycheckedanumberofproblemsformathematicalaccuracyandfoundnoerrors.However,Iwaswonderingiftheanswersfortheendofthechapterexercisesarealsoavailabletothereviewersforestablishingtheaccuracy. Relevance/Longevity rating: 5 Intermsofcontents,thetextbookcoveredallthemajorconceptsofmanagerialaccountingandhence,remainrelevantforaconsiderableperiodoftime.However,therearescopesforaddingmoreexamplesandrecentbusinessphenomenaandreferencetocurrentinformationtechnology. Clarity rating: 5 Thebookiseasyreading.Ireallyliketheintroductionofeachchapter,whichstartswithabusinessscenariointheformofdialoguesthatraisesaparticularmanagementissueandthenpointsoutthenecessityoflearningthemanagerialaccountingconceptscoveredinthatchaptertosolvesuchissue. Consistency rating: 5 Thetextisconsistentintermsofterminologyandorganizationformat. Modularity rating: 5 Splittingeachconceptsintosmallerchunks/sectionssupplementedbyrelevantquestionsandanswersandexampleswouldmakethereadingeasytothestudents. Organization/Structure/Flow rating: 5 Thetopicsinthetextarepresentedinalogicalandworkablemanner. Interface rating: 4 Throughoutthebook,spacesareomittedbetweenthewordsinthe"Keyequation"boxesinthePDFversion,whichmayconfusethereader.Someofthetablesarehazyandinterfereswiththereading. GrammaticalErrors rating: 5 Ihavenotnoticedanygrammaticalerrors. CulturalRelevance rating: 5 Ihavenotperceivedanyculturallyinsensitivecontentorexampleinanyway. Comments Igreatlyappreciatetheeffortoftheauthorsincompletingthisbookandmakingitavailabletostudentsatnocharge. ReviewedbyDavidMilton,CommunityFaculty,MnSCUon10/25/18 Comprehensiveintroductiontothekeyconceptsandmethodologiesofcosting,includingbudgeting,cashflowforecasting,decisionanalysis,performanceevaluation,andnonfinancialmeasures. readmore ReviewedbyDavidMilton,CommunityFaculty,MnSCUon10/25/18 Comprehensiveness rating: 5 seeless Comprehensiveintroductiontothekeyconceptsandmethodologiesofcosting,includingbudgeting,cashflowforecasting,decisionanalysis,performanceevaluation,andnonfinancialmeasures. ContentAccuracy rating: 5 Lotsofexamplesandnomathematicalerrorswerenoted. Relevance/Longevity rating: 5 Goodexamplesofhowconceptsareactuallyused,andtheimpactonfinancialstatements. Clarity rating: 4 Gooddefinitionsandandthought-provokingquestionstostrengthenunderstandingoftheconcepts. Consistency rating: 5 Conceptsbuilduponeachotherandaresequentiallyintroduced. Modularity rating: 5 Welltaggedandcompartmentalized. Organization/Structure/Flow rating: 4 Fairorganization.Itwouldhelpiftheanswerstoproblemsorexerciseswereonadifferentpageorindexedinthebackofthebook. Interface rating: 1 Thetablesinthepdfversionarecompletelyillegibleandblurred,evenwhenyouzoomin.Theonlineversionisbetter. GrammaticalErrors rating: 5 Nonewereobvious. CulturalRelevance rating: 5 People(professionals)referencedintheexamplesweregenderneutralwitharepresentativebalance. Comments Iamnotappreciatingthemutedgreenandblueshadingsonallthetablesandexerciseproblems.Itmakesitdifficulttoread.Thefontsonsomeofthetablesandexerciseproblemsareentirelytoosmall. Theintroductionandexplanationoftheconceptsarefairlywelldoneandtheymakegooduseofchallengesfacedbycontemporarycompanies. ReviewedbyPhebeDavis,ClinicalAssistantProfessor,ClemsonUniversityon2/1/18 Thereisnoglossaryorindexincluded,whichwouldassistgreatlywithquickreferencingoftheinformation.However,thetableofcontentspresentsacomprehensivedetailedoverviewofthebook'schaptersandrelatedsections.Thematerial... readmore ReviewedbyPhebeDavis,ClinicalAssistantProfessor,ClemsonUniversityon2/1/18 Comprehensiveness rating: 4 seeless Thereisnoglossaryorindexincluded,whichwouldassistgreatlywithquickreferencingoftheinformation.However,thetableofcontentspresentsacomprehensivedetailedoverviewofthebook'schaptersandrelatedsections.ThematerialcoverageisascompleteasthebookIcurrentlyuse,thoughpresentedinaslightlydifferentorder.Thisdoesnotreducetheeffectivenessoftheinformation.Ienjoyedseeingthereviewproblemsaftereachchaptersectionratherthanallattheendofthechapter.Ithinkstudentsmightbemorelikelytoworkthereviewproblemsinthismannerasthequestionsappearmorerelevantwhenpresentedrightaftertheapplicableinformation.Thekeytakeawaysarealsoniceastheyseemtoreinforcethelearningobjectives.Overall,IthinkthebookiseffectiveforthepurposeofanIntroductiontoManagerialAccounting. ContentAccuracy rating: 4 Theinformationappearsaccurate.Noerrorsnoted. Relevance/Longevity rating: 4 Thematerialinthisbookappearsrelevantandconsistentwithothermanagerialtextbooks.Thistypeofinformationdoesnotchangefrequently.Thebookshouldbeeasytoupdateshouldchangesbecomenecessary. Clarity rating: 4 Theinformationisclearwitheasytofollowexamplesandproblems.Thesimplewritingofthistextbookhelpsreducecognitiveoverload. Consistency rating: 4 Thebookfollowsalogicalpatterninpresentingthetopicalinformation,thoughslightlydifferentfromhowIcurrentlyteachmanagerialaccounting.Terminologyandlayoutisconsistentthroughoutthetextbook. Modularity rating: 4 Iappreciatethesubheadingswiththekeytakeawaysandreviewproblemaftereachchaptersub-section.Theflowallowsasimplewaytoensurethelearningobjectiveshavebeenmet.Eachchapteriscomprehensiveenoughtostand-alone. Organization/Structure/Flow rating: 4 Textisorganizedlogicallyandhasgoodinformationflow.Easytofollowandunderstand. Interface rating: 3 Ireviewedtheonlinebookandnoticedspacingissuesthatwereabitdistracting.Ithinktheexamplesectionsshouldhaveabrighterbackgroundcolorscheme.Thegrayisboringandlooksdull.Someofthemorecompressedpictureswerenotcompletelyclear.Overall,theimagesaredecent. GrammaticalErrors rating: 5 Nogrammaticalerrorsnoted. CulturalRelevance rating: 4 Thetextbookisculturallyneutral. Comments Giventhatthebookcoversthesamematerialasmycurrentmanagerialtextbutwithoutthesteepcost,Iwillstronglyconsiderswitchingtothistext.Iappreciatetheopenavailabilityofthisbook. ReviewedbyJillGillett,Faculty,LaneCommunityCollegeon6/20/17 ThecontentsofthisbookareverycomprehensiveandcomparabletootherManagerialAccountingtextsIhaveusedinthepastfrommajorpublishers.AllofthemajorsubjectsIexpectedtofindinanintroductorymanagerialtextwerelisted.There... readmore ReviewedbyJillGillett,Faculty,LaneCommunityCollegeon6/20/17 Comprehensiveness rating: 4 seeless ThecontentsofthisbookareverycomprehensiveandcomparabletootherManagerialAccountingtextsIhaveusedinthepastfrommajorpublishers.AllofthemajorsubjectsIexpectedtofindinanintroductorymanagerialtextwerelisted.ThereweresomesubjectareasthatIfeltcouldhavebeenexpanded,particularlywithmoreintroductory/context-buildinginformation,butoverall,everythingisincluded.Thetableofcontentswasorganizedinaclear,logicalprogression.Thetableofcontentsismissingfromthepdfversionofthetext,butincludedintheonlineversion;thisisnotabigdrawbacksincethecontentcouldbecovered"outoforder"inacourse,orstudentscouldbedirectedtothespecificpagestoread.OnethingIwouldliketoseeissomeexpansionofthelearningobjectives.Objectivesareincludedinthetextatthebeginningofasection,buttheyareallnumbered"1"andarenotsummarizedanywhere.Otherreviewershavementionedthelackofindex/glossary. ContentAccuracy rating: 5 Irecalculatedseveralofthechapterexampleproblemsandfoundnoerrors.Therearenosolutionsprovidedforend-of-chapterexercises,sothosecouldnotbechecked. Relevance/Longevity rating: 4 Thecontentincludedinanintroductorymanagerialaccountingcoursedoesnotchangesubstantiallyannually.Ibelievethistextwillremainrelevantforawhile.Anotherreviewermentionedthattheremaybeaneedtoupdatesomeoftheexamplecompaniesafterawhile. Clarity rating: 5 Overall,mostofthetextisveryconcise.Sentencesarenotoverlylong,andthelanguageusedisagoodblendoftechnicalvocabularythatthestudentshouldbecomeaccustomedto,andlaypersonterms.Ithinkthisisanadvantageofthistext-moststudentsdislikehavingto"wadethrough"alotofdensewritingtogettothepointofthechapterorsection. Consistency rating: 5 Thetextusesvocabularyconsistentlythroughout.Thestructureofchapters,practiceproblems,examples,allfollowaconsistentpattern.Seenumberingoflearningobjectivescommentabove. Modularity rating: 5 Thisisanotheradvantageofthistext-theconcisepresentationofmostofthetopicsmakeiteasytosubdivideandreorder. Organization/Structure/Flow rating: 5 Thisislargelyaddressedinthe"comprehensiveness"section.Veryclear,logicalprogressionthroughthecontent. Interface rating: 3 Theonlineversionwasmucheasiertonavigatethanthepdf.Therewerealotofformattingissuesinthepdfthatmadeitdistractingtomyeyeattimes(unevenhighlighting,indenting,spacing,somegraphicswereblurry).AlotoftheseissuescouldbealleviatedbyrecompilingpartsofthetextintoanLMSlearningtool(suchasaMoodleBook),orwebpage. GrammaticalErrors rating: 5 Whiletherearemanyspacingissuesthroughout(whichcouldbeattributedtoformatting),Ididnotfindanysignificantgrammaticalerrors. CulturalRelevance rating: 5 Ididnotfindanypartofthetextculturallyinsensitiveoroffensive.Itcouldexpandonsomeoftheillustrativeexamplestoincludemulti-culturalproductsand/orcompanynames. Comments IthinkthistextisagoodstartingpointforOERcontentforanintroductorymanagerialaccountingcourse.Iwouldnotbecomfortablerelyingsolelyonthistextforcontent-thereisnotenoughcontextualizationnorenoughvisualaidsforsomeofthematerial. ReviewedbyChristineStinson,AssociateProfessor,FerrumCollegeon2/8/17 Thetext"ManagerialAccounting"providesacomprehensiveandbroadreviewofthemajortopicsusuallycoveredinanintroductoryManagerialAccountingcourse.Thereisnoindex.Newtermsareexplainedwellinthetextwhentheyarefirst... readmore ReviewedbyChristineStinson,AssociateProfessor,FerrumCollegeon2/8/17 Comprehensiveness rating: 5 seeless Thetext"ManagerialAccounting"providesacomprehensiveandbroadreviewofthemajortopicsusuallycoveredinanintroductoryManagerialAccountingcourse.Thereisnoindex.Newtermsareexplainedwellinthetextwhentheyarefirstintroduced.ThereisnoTableofContentsinthedownloadablePDFbutaTableofContentsisavailableattheOpenTextbookLibrary(OTL)webpagewhereonewoulddownloadthetext.IdousethistextinmyteachingandIreferstudentstotheOTLTableofContents. ContentAccuracy rating: 5 Ihavenotdiscoveredanyerrorsinthetext.Ihaveusedthistextforseveralsemesters. Relevance/Longevity rating: 5 Thecontentofthebookisexcellentforanintroductorycourse.Isuspectmostprofessorswillbringinsupplemental,currentexamplestocomplimentthegeneralizedexamplesinthetext.Nevertheless,thetext'sexamplesaresufficientandillustrative. Clarity rating: 5 Mystudentsfindthetextaccessibleanduseful.Forme,thatisthesinglebestmeasureofanytext'sclarity. Consistency rating: 5 Examplesusedinthechaptertextlendthemselvestobeingusedaguideswhenstudentsworkonassignedproblemsfromtheendeverychapter.Iamquitesatisfiedwiththetext'sinternalconsistency. Modularity rating: 5 Thistextisveryeasilydivided(orreordered)intomodulestosuitdifferentteachingobjectives.Iteachseveralofthechapters"outoforder"sothatIbringinsomeconceptsearlyinthesemester. Organization/Structure/Flow rating: 5 Thetexttopicsarepresentedinalogicalfashion(but,asnotedabove,onecaneasilyreorderseveralofthechapterstosuitindividualteachingneeds). Interface rating: 5 ThePDFfileiseasytoscrollthroughandclearlyorganized. GrammaticalErrors rating: 5 Ifoundnogrammaticalerrorsinthetext. CulturalRelevance rating: 5 Ifoundnopartsofthetexttobeculturallyinsensitive. Comments Ithinkitiswonderfulthatthistextisavailabletostudentsatnocharge.Iappreciatethegenerosityoftheauthorsinmakingthispossible. ReviewedbyElizabethAhrens,AssistantProfessor,MinnesotaStateUniversity,Mankatoon8/21/16 Differencesbetweenmanagerialandfinancialaccountingseemstobeabbreviatedinchapter1.Trendssuchasleanoperations,socialresponsibility,sustainabilityorglobalmarketplacenotincluded.Overallverycomplete. readmore ReviewedbyElizabethAhrens,AssistantProfessor,MinnesotaStateUniversity,Mankatoon8/21/16 Comprehensiveness rating: 5 seeless Differencesbetweenmanagerialandfinancialaccountingseemstobeabbreviatedinchapter1.Trendssuchasleanoperations,socialresponsibility,sustainabilityorglobalmarketplacenotincluded.Overallverycomplete. ContentAccuracy rating: 5 Nobiasesdetected. Relevance/Longevity rating: 5 Sectionsofbookwereclearlyidentifiedandcoverageseemedtoflowconsistently. Clarity rating: 5 Gooduseofrealworldexamples. Consistency rating: 5 Terminologywasusedconsistentlythroughoutthetextbook. Modularity rating: 4 Somesections/chaptersseemedlong.Couldpossiblybecondensedbutcouldbeeasilyadaptedtocontentcoverageinthecourse. Organization/Structure/Flow rating: 5 Goodjobonorganizationofbook. Interface rating: 5 Noissueswiththebook'sinterface.Chartswereclearandreadable. GrammaticalErrors rating: 3 Pg.12-Firstparagraphneedsspacebetweenwords(Thisistheplanningfunction).Pg15-ManagerialAccountantparagraphneedsspaceaftertermcostaccountant.Pg.28-spacinginanswerisincorrect,Inoticedspacingissuesthroughoutthetextbook. CulturalRelevance rating: 5 Ididn'tfindanyculturallyinsensitiveoroffensivematerial. Comments Thetextbookwouldbemorethanadequateforalowerlevelcourseinmanagerialaccounting.Somecontentthatcouldhavebeenincludedisinformationabouttheglobalmarketplaceandleanaccountingtechniques. ReviewedbyCraigMoore,AssistantProfessor,UniversityofWisconsin-Stouton1/7/16 ThetextprovidesacomprehensivecourseinManagerialAccounting.AllManagerialAccountingtopicsthatwouldtypicallybecoveredinanAccountingIIcoursearealsocovered.ThetextdoesnotcovertheFinancialAccountingtopicsthatwould... readmore ReviewedbyCraigMoore,AssistantProfessor,UniversityofWisconsin-Stouton1/7/16 Comprehensiveness rating: 4 seeless ThetextprovidesacomprehensivecourseinManagerialAccounting.AllManagerialAccountingtopicsthatwouldtypicallybecoveredinanAccountingIIcoursearealsocovered.ThetextdoesnotcovertheFinancialAccountingtopicsthatwouldtypicallybecoveredinanAccountingIIcourse---butthatisnotanobjectiveofthebook.ThetextcouldstandaloneasthesoletextforacourseinpureManagerialAccounting.Alternatively,thebookcouldservetocovertheManagerialAccountingtopicsinatypicalAccountingIIcourse. Thetextlacksanindexorglossary.Whilethesewouldbedesirable,thisisnotahugeshortcomingforthisparticularsubjectmatter.ThelackofaTableofContentsorchapterlistingwithinthePDFofthebookitselfisanissue. ContentAccuracy rating: 5 Coverageofthecontentappearedtobeaccurate,unbiased,andconsistentwithcurrentManagerialAccountingprinciples.WhileIdidnotrevieweveryexampleorproblem,Inotednoerrors. Relevance/Longevity rating: 5 ThematerialcoverediscompletelyrelevanttocurrentManagerialAccountingthinking.Theseconceptsshouldnotchangedramatically,sointermsofconceptsthetextshouldremainrelevant.Someofthecasestudiesmaynotageaswellandcouldeventuallydatethebook,butthisisahazardinanybusinesstext.Someofthediscussionsofinformationtechnologysolutionsmightnotremainrelevanteither. Clarity rating: 5 Thisisastrongpointofthebook.Ireallyappreciatedthelessformal,lessdensestyle.ManagerialAccountingstudentscanbediscouragedbythetendencyoftheirtextbooktobeoverlyladenwithjargonandnumericcalculations.Whilethebookdoesprovidetherequiredterminologyandnumericexamples,itismuchmorereadablethanatypicaltextbookinthefield. Consistency rating: 5 Thetextwasconsistentinitsapproachbothstylisticallyandconceptually. Modularity rating: 5 Thetext’sdivisibilitywasanotherstrongpoint.UsingsomepreviouslypresentedinformationisinevitableinaManagerialAccountingclass;however,manyoftheindividualchapterscouldbepresentedonastand-alonebasiswithsomeinstructorintroduction.UsingindividualchaptersinamodularfashionwouldalsobeparticularlyattractiveifthetextwasbeingusedassupplementaltextforatypicalAccountingIIcourse.SpecificchaptersrelatingtoManagerialtopicscouldbeusedassupplementarymaterialinanAccountingIIcourse. Organization/Structure/Flow rating: 4 Inotednoissueswithorganizationorstructure,andtheorderingoftopicsappearsreasonable.Theauthor'ssequenceisnotidenticaltowhatIamusedtoteaching,butitappearslogical,workableandperhapssuperior.Thisalsospeakstothebook’smodularity,asitispossibletopresentthesetopicsinadifferentorderifneeded. Interface rating: 3 ThelackofaTableofContentshindersnavigation.Someofthesmallergraphics/chartswerehardtoreadonmydisplay.Thelargergraphicshadafuzzinesstothemcomparedtothestandardtext.Iobservedsomeunusualomittedspaces,butthatwaspossiblyafunctionofmyspecificPDFviewer.GenerallythebookcanbenavigatedaseasilyanyPDF. GrammaticalErrors rating: 4 Inotednoegregiouserrors. CulturalRelevance rating: 4 ThetextisassuccessfulatbeingculturallyrelevantasaManagerialAccountingtextcouldbe.Thesubjectmatterdoesnotlenditselftopromotingdiversitynortogeneratingcontentthatisoffensiveorcontroversial. Comments AstudentcouldencounterthisbookasthesoletextinaManagerialAccountingcourse,asatextthatcoversManagerialAccountingtopicsinanAccountingIIclass,orasasupplementarytextusingselectedchapterstocoverspecialtopics.Inallofthesecasesthestudentwouldhaveaqualityeducationalresource. ReviewedbyKarenBangs,Professor,CaliforniaPolytechnicStateUniversityon7/15/14 ThebookcoversallIneedandmore.InfactIwillprobablyuseCh8tosupplementmyEngineeringEconomicsclass.Thistextcoverstypesofcosts,contributionmargin,productcosting(ABC,processandjob),absorptioncosting,standard... readmore ReviewedbyKarenBangs,Professor,CaliforniaPolytechnicStateUniversityon7/15/14 Comprehensiveness rating: 4 seeless

ThebookcoversallIneedandmore.InfactIwillprobablyuseCh8tosupplementmyEngineeringEconomicsclass.Thistextcoverstypesofcosts,contributionmargin,productcosting(ABC,processandjob),absorptioncosting,standardcosts,varianceanalysis,budgeting(capitalandoperating),Financialstatementanalysis(all3)andratioanalysis,ethicsandsensitivityanlaysissprinkledthroughout.Thereisnoindex/glossaryorevenaleadinlistingofchapters..thatwouldbeahelpfuladd.Ihadthechaptertitleslistedinthe"about"docsocouldtellwhereIwasgoing.

ContentAccuracy rating: 4

ObviouslyIdidn'tlookateveryexampleorproblembuttheonesIdidwerecorrect.Onpage478theformulashouldbeFn*(1+r)^-n....itcurrentlyreadsFn*(1+r)*n

Relevance/Longevity rating: 5

Great...excellentorganizationinmyopinion.Theonly"relevance"issuemightbethecompaniesusedasexamplesaregreatfortoday,mightnotbein10years.Butforthemostparttheyareverywellknown(Ithinkwithcollegeagestudentsaswell)somostlikelyhelpspeakinterest.

Clarity rating: 5

Great..IlovetheintroductionwiththeQ&Afromanactualbusinessscenarioandhowansweringthosequestionsarewhatdrivesthechapter/section.Thebreakdownoftopicsisveryreadable/digestableinsmalldoses.

Consistency rating: 5

Yes...referencecommentsin"clarity"section.Ialsoappreciatedthereferencetoearliersections,thathelpstointregratethematerialforthereader(inmyopinion).

Modularity rating: 5

Yes...great"chunks"ofinformationandeachchunksupplementedwithproblemsandrelevancetowellknownandinterestingcompanies.

Organization/Structure/Flow rating: 5

Yes...see"modularity".Iamhappywiththeorganizationofchapters,Icouldseesomere-arrangement.ButIthinkthat'samatterofpersonalpreferencenotimpactingthelearningexperienceforthestudent.

Interface rating: 4

Someoftheimagesareblurry(alotofthetables/formswiththegreenbackground),mostarereadablebutafewarenot.Themargin/indentationscouldusesomeorganization.Ididn'tseeanyspellingerrorsbutsometimeswordsarescrunchedtogether(nospacewherethereshouldbesome).

GrammaticalErrors rating: 5

NonethatInoticed.

CulturalRelevance rating: 5

Itwouldbealittledifficultforthistopictobeculturallyoffensive(Ithink).Thechoiceofcompaniesforexampleswereveryneutral(inmyopinion)andeasilyandnon-offensivelycutacrossrace/gender/ethnicity/etc...Thechoiceofcompaniesforexamplesseemveryreleventinhelpincreaseinterestinthesubjectmatter.

Comments

Ithinkit'sgreatandwillplantoincorporateitnexttimeIteachmyIndustrialCost&Controls(akaManagerialFinance)class.AtthisreviewIpreferthistexttotheoneI'vebeenusing.

TableofContents Chapter1:WhatIsManagerialAccounting? Chapter2:HowIsJobCostingUsedtoTrackProductionCosts? Chapter3:HowDoesanOrganizationUseActivity-BasedCostingtoAllocateOverheadCosts? Chapter4:HowIsProcessCostingUsedtoTrackProductionCosts? Chapter5:HowDoOrganizationsIdentifyCostBehaviorPatterns? Chapter6:HowIsCost-Volume-ProfitAnalysisUsedforDecisionMaking? Chapter7:HowAreRelevantRevenuesandCostsUsedtoMakeDecisions? Chapter8:HowIsCapitalBudgetingUsedtoMakeDecisions? Chapter9:HowAreOperatingBudgetsCreated? Chapter10:HowDoManagersEvaluatePerformanceUsingCostVarianceAnalysis? Chapter11:HowDoManagersEvaluatePerformanceinDecentralizedOrganizations? Chapter12:HowIstheStatementofCashFlowsPreparedandUsed? Chapter13:HowDoManagersUseFinancialandNonfinancialPerformanceMeasures? AncillaryMaterial Submitancillaryresource AbouttheBook KurtHeisingerandJoeBenHoylebelievethatstudentswanttolearnaccountinginthemostefficientwaypossible,balancingcourseworkwithpersonalschedules.Theytendtofocusontheirstudiesinshortintensesegmentsbetweenjobs,classes,andfamilycommitments.Meanwhile,theaccountingindustryhasendureddramaticshiftssincethecollapseofEnronandWorldCom,causingarenewedfocusonethicalbehaviorinaccounting.ThisdynamicauthorteamdesignedManagerialAccountingtoworkwithintheconfinesoftoday'sstudents'liveswhiledeliveringamodernlookatmanagerialaccounting. ManagerialAccountingwaswrittenaroundthreemajorthemes:Ready,ReinforcementandRelevance.Thisbookisaimedsquarelyatthenewlearningstylesevidentwithtoday'sstudentsandaddressesaccountingindustrychangesaswell. Ready.Yourstudentswanttobeasefficientaspossibleintheirlearning.Thisbookadoptsaconcise,jargon-free,andeasy-to-understandapproachthatisreadywithconcisesectionsandconceptswhenthestudentisreadytostudyinaformatthestudentwants.Keyconceptsareprovidedinshortsegmentswithbulletpointsandstep-by-stepinstructionstosimplifyconcepts.Thisthoughtful,step-wiseapproachwillhelpyourstudentsavoiddistractionsandfocusesattentiononthebigpicture. Reinforcement.ManagerialAccountingboasts“ReviewProblems”attheendofeachmajorsectionorlearningobjectivewhichofferpracticalopportunitiesforstudentstoapplywhattheyhavelearned.These“ReviewProblems”allowstudentstoimmediatelyreinforcewhattheyhavelearnedandareprovidedwithinthebodyofthechapteralongwiththesolutions. Relevance.Whyismanagerialaccountingimportant?Sinceallstudentsperformbetterwhentheycananswerthe“why”question,meaningfulreferencestocompaniesthroughoutthechaptershelpstudentstietheconceptspresentedineachchaptertorealorganizations.Inaddition,realisticmanagerialscenariospresentanissuethatmustbeaddressedbythemanagementaccountant.Thesewillpiqueyourstudents'interestandweredesignedtoshowhowissuescanberesolvedusingtheconceptspresentedinthechapter.Finally,“BusinessinAction”featuresinManagerialAccountinglinkmanagerialdecision-makingtorealbusinessdecisionstohelpyourstudentscompletethelearningcyclefromconcept,toaccountingdecision,toreal-worldapplication. ManagerialAccountingbyHeisingerandHoylealsocontainsahandfulofotherpedagogicalaidstocomplimentyourlecturesandhelpyourstudentscometoclassprepared.Fromafocusondecision-making,toendofchaptermaterialsthatcanonlybecharacterizedasverydeepandverywide,toethicscoverage,groupprojectsandspreadsheetapplications—thesefeaturesallowyoutoteachthecourseyouwanttoteachandassignthematerialsyouliketoassign. AbouttheContributors Authors KurtHeisinger(CMA,CPA,MBA)teachesfinancialandmanagerialaccountingfulltimeandholdsatenuredpositionatSierraCollege.Herecentlyreceivedthe2011–12FacultyoftheYearaward,whichwasvotedonandpresentedbytheAssociatedStudentsofSierraCollege.KurthasalsotaughtaccountingclassesattheUniversityofCalifornia—DavisandAmericanRiverCollege. KurtbeganhiscareerinpublicaccountingwithErnst&YoungandcontinuedasamanagerofalargelocalaccountingfirminCalifornia.HereceivedhisMBAattheUniversityofCalifornia—Davisandiscurrentlyacertifiedmanagementaccountant(CMA)andcertifiedpublicaccountant(CPA).TheknowledgeKurtgainedfromhissevenyearsinindustryandmorethan15yearsineducationhasenabledhimtowriteaclearandconcisebookfilledwithrealworldexamples. JoeHoyleisanassociateprofessorofaccountingattheRobinsSchoolofBusinessattheUniversityofRichmond.In2006,hewasnamedbyBusinessWeekasoneof26favoriteundergraduatebusinessprofessorsintheUnitedStates.In2007,hewasselectedastheVirginiaProfessoroftheYearbytheCarnegieFoundationfortheAdvancementofTeachingandtheCouncilfortheAdvancementandSupportofEducation.In2009,hewasjudgedtobeoneofthe100mostinfluentialmembersoftheaccountingprofessionbyAccountingToday. Joehastwomarket-leadingtextbookspublishedwithMcGraw-Hill—AdvancedAccounting(eleventhedition,2012)andEssentialsofAdvancedAccounting(fifthedition,2012),bothcoauthoredwithTomSchaeferoftheUniversityofNotreDameandTimDoupnikoftheUniversityofSouthCarolina. AttheRobinsSchoolofBusiness,Joeteachesfundamentalsoffinancialaccounting,intermediatefinancialaccountingI,intermediatefinancialaccountingII,andadvancedfinancialaccounting.HeearnedhisBAdegreeinaccountingfromDukeUniversityandhisMAdegreeinbusinessandeconomics,withaminorineducation,fromAppalachianStateUniversity.Hehaswrittennumerousarticlesandcontinuestomakemanypresentationsaroundthecountryonteachingexcellence.