Managerial Accounting

by Kurt Heisinger, Joe Ben Hoyle

Kurt Heisinger and Joe Ben Hoyle believe that students want to learn accounting in the most efficient way possible, balancing coursework with personal schedules. They tend to focus on their studies in short intense segments between jobs, classes, and family commitments. Meanwhile, the accounting industry has endured dramatic shifts since the collapse of Enron and WorldCom, causing a renewed focus on ethical behavior in accounting. This dynamic author team designed Managerial Accounting to work within the confines of today’s students’ lives while delivering a modern look at managerial accounting.

Managerial Accounting was written around three major themes: Ready, Reinforcement and Relevance. This book is aimed squarely at the new learning styles evident with today’s students and addresses accounting industry changes as well.

Ready. Your students want to be as efficient as possible in their learning. This book adopts a concise, jargon-free, and easy-to-understand approach that is ready with concise sections and concepts when the student is ready to study in a format the student wants. Key concepts are provided in short segments with bullet points and step-by-step instructions to simplify concepts. This thoughtful, step-wise approach will help your students avoid distractions and focuses attention on the big picture.

Reinforcement. Managerial Accounting boasts “Review Problems” at the end of each major section or learning objective which offer practical opportunities for students to apply what they have learned. These “Review Problems” allow students to immediately reinforce what they have learned and are provided within the body of the chapter along with the solutions.

Relevance. Why is managerial accounting important? Since all students perform better when they can answer the “why” question, meaningful references to companies throughout the chapters help students tie the concepts presented in each chapter to real organizations. In addition, realistic managerial scenarios present an issue that must be addressed by the management accountant. These will pique your students’ interest and were designed to show how issues can be resolved using the concepts presented in the chapter. Finally, “Business in Action” features in Managerial Accounting link managerial decision-making to real business decisions to help your students complete the learning cycle from concept, to accounting decision, to real-world application.

Managerial Accounting by Heisinger and Hoyle also contains a handful of other pedagogical aids to compliment your lectures and help your students come to class prepared. From a focus on decision-making, to end of chapter materials that can only be characterized as very deep and very wide, to ethics coverage, group projects and spreadsheet applications—these features allow you to teach the course you want to teach and assign the materials you like to assign.

972 pages, ebook

First published June 1, 2012

Reviews

[Asuka Nguyen · Rating 5 out of 5]

This is for greenhorns who want to have a peep in the Accounting world. It's actually a great book with the ability to make Managerial Accounting seems friendly enough, especially for those who are scared of numbers and calculations like me.

Fundamental principles accompanied by simple guidelines help readers picture every concept and grasp the most basic understanding of Accounting information that's necessary for internal management to examine or rely on.

At first, I decided getting through such a thick book of data was going to be a painful experience. Turned out it was way more engaging and much simpler than I thought. It was such a nice surprise to find myself enjoy it a lot. I came to develop gratitude and admiration for the authors. They did enlighten me and even sway me into embracing Accounting's significant role in organizations.

I especially am thankful for Kurt Heisinger's efforts to translate the whole book into digital content on his YouTube channel. His videos really saved my day whenever my eyes got so tired and my mind started to spin with too many numbers involved.

Worth reading at least several times.

[Luminescence Goh · Rating 5 out of 5]

Kurt Heisinger’s Managerial Accounting is an excellent resource for students and professionals who seek to grasp accounting principles within a managerial context. This eBook effectively breaks down complex accounting concepts into manageable sections, making it accessible for learners at various levels. Heisinger’s clear explanations, practical examples, and exercises offer a robust foundation for understanding how financial information is used in organizational decision-making processes.

Suitable for Studying:
The book is ideal for accounting, finance, or business management students. It covers essential topics such as budgeting, cost behaviour, performance evaluation, and financial planning with a clarity that facilitates learning and application. Including real-world scenarios helps bridge the gap between theory and practice, making it a valuable tool for students preparing for careers in finance or business.

Inspiration for Writing a Fantasy Novel:
Interestingly, Managerial Accounting can also inspire fantasy novelists by providing insights into the economic systems and financial strategies that could be employed within fictional worlds. Understanding how resources are allocated, costs are managed, and financial decisions are made can help authors create more realistic and intricate societies in their fantasy settings. When applied creatively, accounting and resource management principles can add depth to the economic and political structures within a fantasy narrative.

[Shenyu · Rating 4 out of 5]

Though it is a textbook, it really does a great work to introduce tons of concepts regarding accounting in a Q&A format.