Financial and Managerial Accounting

by John J. Wild, Ken Shaw

Building on the success of the best-selling Fundamental Accounting Principles text, authors John Wild, Kenneth Shaw, and Barbara Chiappetta created Financial and Managerial Information for Decisions to provide a corporate perspective and balanced coverage in this growing course area. With its step-by-step approach, FinMan streamlines complex accounting processes and helps students build confidence by mastering key concepts and procedures. Chapter opening vignettes using dynamic entrepreneurs appeal to all students and show the relevance of accounting. Students are encouraged to think like a businessperson and apply what they learn. A wide variety of assignments provide instructors with materials to teach, assess, and challenge students on several levels. Join your colleagues and students that have used this best-selling learning system to advance their education and careers.

Genres: Textbooks, School

1104 pages, Hardcover

First published May 1, 2004

About the author

John J. Wild is a distinguished professor of business and accounting at the University of Wisconsin’s School of Business.

His research interests include financial accounting and reporting, business analysis and valuation, international financial markets, corporate governance, and earnings quality. Professor Wild’s research articles appear in The Accounting Review, the Journal of Accounting Research, the Journal of Accounting and Economics, the Contemporary Accounting Research, the Journal of Accounting, Auditing and Finance, the Journal of Accounting and Public Policy, and other academic journals.

He has received numerous teaching awards from the Wisconsin School of Business as well as from Michigan State University. He has also taught at the University of Manchester, England.

He is past associate editor of Contemporary Accounting Research and serves on several editorial boards. Professor Wild is a frequent speaker at universities and national and international conferences, and is the author of several best-selling books in accounting and business.

Professor Wild earned his Ph.D. in business from the University of Wisconsin-Madison.

Reviews

[Meaghan · Rating 1 out of 5]

The 8th edition is so bad I came here to find out if it
was written by Al. The way the chapters are
constructed make them feel like they go on forever.
But worse, the way the information is explained feels
completely unorganized. Assumptions are made that
haven't been established, terms are used to explain
something in a footnote that are used nowhere else
in the book, the more I read the more confused I get.

[Suzanne · Rating 5 out of 5]

If you aren’t already familiar with Accounting, then it is better to read this book augmented with class instruction and the connect supporting interface through McGraw Hill. I am hanging onto this book for after when it will probably be a great help on any accounting or managerial job.

[Angela C · Rating 4 out of 5]

This textbook went a long way in helping me - an accounting novice -learn the foundations of financial and managerial accounting. It was clear, understandable, and ultimately helped me get an A in my graduate level accounting class.

[Daniel Jodzio · Rating 4 out of 5]

College textbook. Learned a few new things from this book.

[Hannah Williamson · Rating 3 out of 5]

Useful but boring.

[Joshua · Rating 4 out of 5]

Not a horrible Accounting book.

[Gabriella · Rating 4 out of 5]

I read this for Durham Tech’s intro accounting courses (ACC-120 and ACC-121), which I took asynchronously in fall 2024. I’d recommend the first course (Principles of Financial Accounting), and the first half of this book, to anyone in the affordable housing world seeking to understand a bit more about where a company’s financial statements come from.

I am hoping to pivot to the CDFI side of my current employer, and someone currently in that world recommended I take an introductory accounting course to prepare for this switch. Since lenders have to carefully review balance sheets/income statements/the like, it was helpful to learn a bit more about these documents and what they can tell you about companies.

I will note that this textbook is designed for accountants, not lenders, and so there is precious little on the actual analysis of these reports. (If anyone actually knows of a book on the latter topic, please let me know as I would love to read it!) However, if you’re not coming from a finance background, I think you will also find this “building block” guidance on financial statements to be helpful. While I still have a long way to go in terms of actually evaluating a company’s financial statements, I know feel more confident about the function and formation of these statements—I believe that’s a helpful and worthwhile start.

My final recommendation is for McGraw Hill Connect, which has a “Smartbook” feature that helps break down the textbook’s content into core principles and quizzes on those principles. This was a really helpful way for me to comprehend the “why” of a new field of study before launching into each chapter’s homework problems. I would recommend getting the Connect feature even if it isn’t required for your school!

[Reader2007 · Rating 5 out of 5]

This is a very clear and well put together book. Makes studying really easy. I can't say that I just love the what the book is about, but I really learned a lot from it! I only covered the financial accounting section. Spring Semester 2008.

[JAIR S NANTES JR · Rating 5 out of 5]

Learned so much

This book really taught me the fundamentals of accounting. Anyone who really wants to learn should take up this book!!

[Renee · Rating 5 out of 5]

Test book that will never go to waste.... This book will be there as a business learning tools, to take you back to the basics. Business owners should always have resources such as this for a guide.