by Christensen, Hobson, Wallace, Matthews
| ISBN: 978-1-61853-309-8 | Copyright 2020
Welcome to Managerial Accounting for Undergraduates, Second Edition!
We have written this book to introduce future business professionals to management accounting concepts and decision-making tools that will help them manage their companies in an increasingly competitive global market. While working for both small and large service firms and teaching in a university setting, we observed that some business professionals, although possessing a technically sound knowledge of accounting principles and methods, had difficulty understanding how the “answer” applied in the context of real business issues faced by these firms. Although a business professional may be able to calculate the materials efficiency variance, for example, determining who might have been responsible for the variance and what should be done to address the variance requires a broader understanding of the overall business. We want young professionals to be better prepared to make good business decisions and contribute to the overall strategy of the companies for which they work.
Many undergraduate managerial accounting textbooks focus primarily on calculations and formulas and how to apply these accounting skills in a manufacturing environment. However, business professionals must be able to apply their technical accounting knowledge and expertise in a broader context in making good business decisions. Moreover, because the U.S. market is increasingly service oriented, professionals must develop experience in applying these skills to decision making in a service environment. Having spent several years supplementing existing textbook problems with more real-world and service industry examples, we saw a need for a new approach. Hence, we focus on helping students to (1) develop strong analytical skills and (2) apply them in realistic decision-making contexts. Finally, we have written the book with a heavy emphasis on managerial decisions in service and merchandising enterprises.
Managerial Accounting for Undergraduates, 2e, is intended for use in the first managerial accounting course at the undergraduate level; one that balances the development of management accounting tools with their implementation 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: Managerial Accounting for Undergraduates is offered at $60 net to the bookstore and $80 suggested retail price. Your students will benefit from high quality course materials at only 25% to 30% of the price of other leading textbooks.
myBusinessCourse: myBusinessCourse is a complete learning and assessment program that is free with new copies of the textbook. The authors created the various video and assignments in the system ensuring consistency between the textbook and learning system.
The service sector is the fastest growing segment of the U.S. economy.
The text includes Service Industry Margin Callouts identifying the sections of
the text that apply managerial accounting concepts to the service
industry. Further, each chapter
concludes with a Service Industry in Focus case that provides students an opportunity
to apply what they learned within a service industry situation.
companies have found that “doing good” leads to a more successful, profitable
enterprise. These boxed inserts help students understand how CSR is being
embraced by forward-thinking enterprises as part of their long-term business
boxed inserts help bridge the gap between the classroom and what students
encounter in the real world. These inserts document situations a student will
likely encounter, and presents choices that companies face in making decisions.
As professionals, students will eventually be
confronted with day-to-day-decisions that have ethical implications. The
authors discuss ethics where appropriate in the textbook, including assignments
throughout the text that raise ethical issues.
better engage in the learning process and retain concepts through real and
familiar examples. Throughout the text,
the authors incorporate real examples such as Microsoft, Amazon, Google, and
Turn! Boxes are integrated throughout each chapter as a means of reinforcing
the material just presented through immediate practice. These self-study boxes
are inserted at the end of each major section in each chapter and require
students to apply the concepts and techniques they just learned. Solutions are
provided at the end of each chapter so students can check their work.
As managerial accounting can be challenging, the authors include many features 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.
professionals must be able to use spreadsheets to solve data analysis problems.
In each chapter, the authors demonstrate data analysis concepts in Excel. Excel
templates are provided for select assignments and are identified by an EXCEL
assignments and video examples have been added to MBC, so virtually all of the
textbook assignments are available in the system.
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.
learning objective includes a wide variety of assignment material.
an expanded test bank.
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 that walks students through the solution.