An essential tool that enhances a manager's ability to make effective economic decisions
Introduction to Management Accounting describes both theory and common practices so students understand how to produce information that's useful in day-to-day decision making.
Now more than ever, managers have to understand how their decisions affect costs. Why does this text do such a great job in preparation?
All managers would agree, understanding concepts is more important than memorizing techniques. This text teaches why companies use various techniques, not to blindly apply the techniques. All business sectors are discussed, non-profit, retail, wholesale, service, selling, and administrative situations. The focus is planning and controlling decisions, not on product costing for inventory valuation and income determination.
What is the best way to present concepts to your students? Are real company examples the way to go?
Introduction to Management Accounting introduces concepts and principles early, then revisits them at more complex levels. We feel this is the best way to teach this subject, as we said, the concepts are more important; so getting the foundation in the first few chapters opens up the rest of the text. This text also provides real company examples every step of the way, students don't have to imagine how techniques will work, they see proven company examples that show the proof is in the pudding. The goal of the text is to choose relevant subject matter and to present it clearly and accessibly while using many examples drawn from actual companies. Companies that the students will know and trust, Starbucks, Boeing, AT&T, McDonald's and Microsoft just to name a few.
Does flexibility give you the freedom to present the information the way you want?
The tandem of authors present this text in two different versions to fit your course structure. Both texts are especially suited to continuing education or MBA courses where students need to learn financial and management accounting in a one-term course. There is also enough content for a student who needs a financial accounting review.
NEW TO THIS EDITION!!!
• New and revised business first boxes provide insights into operations at well-known domestic and international companies, including technology and e-commerce companies such as Reichhold Inc., DaimlerChrysler, IBM, Battelle, and EncripTix.
• New and revised chapter opening vignettes help students understand accounting's role in current business practice. We revisit the chapter opening company later in chapter discussions so students can see how accounting decisions effect real company practices.
• New making managerial decisions boxes in all chapters allow students to take what they've learned, apply this material to a real business situation, and then plot a course of action.
• New assignment material in all chapters, including an Excel Application Exercise; new end-of-chapter summaries, and Fundamental Assignment Problems in selected chapters, and a general updating of most exercises and problems to reflect significant text changes.
• New ethics problems or cases in each chapter
MyAccountingLab: Introduction to Managerial Accounting, 14/E does not have a MyAccountingLab text-specific course YET. A MyAccountingLab text-specific course will be added with the new edition coming in January 2010. In the meantime, many instructors have decided to still use MyAccountingLab to give their students extra practice with this powerful study resource. If you would like to use MyAccountingLab content with Introduction to Managerial Accounting 14e, please contact the editor or local representative for the VP ISBN and price.