We are pleased to present this Global Edition, which has been developed specifically to acquaint students of business with the fundamental tools of managerial accounting and to promote their understanding of the dramatic ways in which business is changing. The emphasis is on teaching students to use accounting information to best manage an organization. Each chapter is written around a realistic business or focus company that guides the reader through the topics of that chapter. There is significant coverage of contemporary topics such as activity-based costing, target costing, the value chain, customer profitability analysis, and throughput costing while also including traditional topics such as job-order costing, budgeting, and performance evaluation. Many of the real-world examples in the Management Accounting Practice boxes have been revised and updated to make them more current and several new examples have been added. This Global Edition has been adapted to meet the needs of courses outside the United States and does not align with the instructor and student resources available with the U.S. edition.
[Textbook] In many ways the twin to McGraw-Hill's Financial Accounting (Libby, Libby, and Short). This is the text for the 2nd half of my first MBA Accounting course.
Not as good as Libby, Libby, and Short. While this book continues the user-friendly, practical applications-focus of the other volume, many of the companies in this book are make-believe constructs, and the book continually draws your attention to this - undermining the engagement it's trying to build by covering interesting real-world situations. Also, the book focuses almost entirely on cost-computations in a manufacturing environment. Similar treatment of cost-modeling in service industry companies would have been more useful to me.
I wasn't at all exactly sure what managerial accounting was entering this class. I now have a much clearer understanding and actually enjoyed learning the material.