Management Accounting

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9780324067590: Management Accounting
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Albrecht introduces students to basic accounting concepts, excites them by using lots of real world examples (both U.S. and international), provides them with some basic accounting knowledge, and then shows them how accounting is used and analyzed in actual case situations. This book does not take an encyclopedic approach to every possible nuance of costing and cost management since students who desire that level of detail will find it in more advanced classes.

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About the Author:

W. Steve Albrecht is the Associate Dean of the Marriott School of Management and Arthur Andersen Professor at Brigham Young University. Dr. Albrecht, a certified public accountant, certified internal auditor, and certified fraud examiner, came to BYU in 1977 after teaching at Stanford and at the University of Illinois. Earlier, he worked as a staff accountant for Deloitte & Touche. Prior to becoming associate dean of the Marriott School, Dr. Albrecht served for eight years as the director of the School of Accountancy and Information Systems at BYU. During that time, BYU’s undergraduate and graduate accounting programs were ranked 2nd and 3rd in the United States.Dr. Albrecht received a bachelor’s degree in accounting from Brigham Young University and his MBA and PhD degrees from the University of Wisconsin at Madison. He currently serves on the audit committees and boards of directors of three public and two private companies. Dr. Albrecht is married to the former LeAnn Christiansen, and they have six children and six grandchildren.

Review:

The authors give enough [EOC] material that the professor can do some of the exercises and problems in class for the students and still have enough problems and exercises to assign to the students for homework. The exercises and problems tie in nicely with the chapter material. They emphasize the important points the students need to know.

I find the Real World Notes to be especially useful. I often discuss them in class. I think it is quite useful to give the students something that they can relate to in the real world.

I especially like the "Special Activities" section. It allows me to integrate writing skills into the accounting class. It also gives the students insight into real companies that they are familiar with and how the chapter topics relate to the real world.

The Encore section is good and interesting. It provides an example of how critical thinking is used in accounting to make real decisions.

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