by Wallace, Nelson, Christensen, Hobson, Matthews
| ISBN: 978-1-61853-310-4 | Copyright 2020
We wrote this book to satisfy the needs of students taking an introductory course in financial and managerial accounting by providing a high quality, contemporary, and engaging textbook at an affordable price.
Financial & Managerial Accounting for Undergraduates 2e is written for students who want to understand how financial statements are prepared and how the information in published financial reports is used. It will also introduce students to management accounting concepts and decision making tools that will help them become effective managers in an increasingly competitive global market. The publication of this text has benefited from extensive feedback and suggestions from focus groups, market surveys, manuscript reviews, and interviews with faculty from across the country.
Financial & Managerial Accounting for Undergraduates is intended for use in introductory financial and managerial accounting courses at the undergraduate level; courses that balance the development of financial statements and management accounting tools, with their interpretation and use in decision making. This book teaches future business professionals how to read, analyze, and interpret accounting and other company, industry, and economic data to make informed business decisions.
Incredible Value: Offered at $130 net to the bookstore (which includes textbook and access to MBC), your students will benefit from high quality course materials and access to online learning tools at a price significantly lower than that of other textbooks.
Students frequently ask this or similar questions. The extent to which they feel accounting is relevant to their daily lives will often determine how much effort they put into the course. The following features are used throughout the book to convey the relevance of accounting to their lives and society.
Students better engage in the learning process and retain concepts
through real and familiar examples. Throughout the text, authors incorporate
real financial statements and examples from companies such as Microsoft,
Amazon, and Google that prepare students to make real world business decisions.
The Extending Your Knowledge section in the assignments throughout the
financial accounting chapters, requires students to use the financial
statements of Columbia Sportswear Company and Under Armour.
The service sector is the fastest growing segment of the U.S. economy.
The managerial accounting chapters include Service Industry Margin Callouts
identifying the sections that apply managerial accounting concepts to the
service industry. Further, each
managerial accounting chapter concludes with a Service Industry in Focus case
that provides students an opportunity to apply what they learned within a
service industry situation.
A discussion of data analytics is included in the new edition to expose students to its relevance in accounting.
Accounting Information in Practice boxed inserts help students bridge
the gap between the classroom and what students will encounter in the real
world. These inserts present real
business scenarios and the choices companies face in making decisions.
Your Turn! Boxed inserts are integrated throughout each chapter and
reinforce the concepts and techniques just presented through immediate
practice. Solutions are provided at the end of each chapter so students can
check their work.
As accounting can be challenging, the authors include many features
throughout the text that provide additional direction for students. Mapping Each Chapter – each chapter
begins with an overview that visually depicts the layout of the chapter. A.K.A. Boxes – inform students of
commonly used alternative terms that they may encounter in practice. Hints – additional suggestions inserted
in the margin to help students understand difficult concepts.
Each chapter opens with a grid that identifies each learning objective
for the chapter, the related pages, guided example videos, and end of chapter
assignments. This allows students and faculty to quickly grasp the chapter
contents and to efficiently navigate to the desired topic.
The text and assignments were updated to reflect the new revenue
recognition standard, Chapter 6 on Inventory was updated for new standard on
lower of cost or net realizable value, the lease appendix in Chapter 10 was
updated for the new lease standard, and Appendix D on Investments was updated
to reflect the new standard.
A new section on Natural Resources and Depletion has been added
to Chapter 9.
In the managerial chapters, the authors demonstrate data analysis
concepts in Excel such as cost –volume-profit relationships and overhead cost
allocations. Excel templates are provided for select assignments and are
identified by an EXCEL icon.
Cost-Volume-Profit Relationships (Chapter 19) includes an expanded
discussion of regression analysis using Excel to develop cost formulas.
Additional assignments and video examples have been added to MBC, so nearly
all of the textbook assignments are available in the system.
Additional assignments were added to ensure adequate reinforcement of
each learning objective.
Additional test bank questions were added to ensure adequate
assessment of each topic.
Now each learning objective ends with a comprehensive Your Turn!
exercise that gives students even more opportunities to practice. Each Your Turn! is accompanied by a short
video clip walking students through the solution.