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Decision making is the critical skill in today's business world.
Introduction to Management Accounting: A User Perspective helps students use accounting information to improve their decision making skills. It covers all the basic aspects of management accounting in a format that is easy to read and comprehend.
This text provides a solid management accounting foundation within the context of business and business decisions. Readers will explore the role of accounting information in the decision making process, and learn how to use the accounting information typically provided to company managers.
Introduction to Management Accounting includes:
- Discussion questions throughout each chapter that challenge students to reach beyond the surface of the text to determine answers.
- Review the Facts questions that focus on terms and concepts.
- Apply What You Have Learned exercises and problems.
- Journal entries for instructors that wish to cover accounting procedures.
- Student workbook with chapter outlines for note taking, homework problems, answer sheets, templates, and a glossary of key terms.
Key Benefit: This introduction to accounting and its significant role in making sound business decisions trains readers in becoming wise users, not necessarily preparers of accounting information—a strong user-based approach that's endorsed and supported by the AECC. Key Topics: The authors present accounting information in a broader business context—emphasizing what accounting information is, why it is important, and how it is used to make strategic economic decisions—but still include traditional debit/credit information as optional coverage. Discussions include Management Accounting: It's Environment and Future; Classifying Costs; Determining Costs of Products; Cost Behavior; Business Decisions Using Cost Behavior; Making Decisions Using Relevant Information; The Capital Budget: Evaluating Capital Expenditures; The Operating Budget; Standard Costing; and Evaluating Performance. Market: For practicing office professionals, accounting clerks and paraprofessionals, and staff accountants.