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Fundamentals of Managerial Accounting
Version 3.0
Included Supplements
Key Features
- Each chapter starts with a realistic managerial scenario outlining an issue that must be addressed by the management accountant, followed by a modular chapter format built around learning objectives. Each learning objective includes:
- embedded author-recorded videos using examples directly from the text
- detailed descriptions of important concepts
- section summary aligned with learning objectives called “Key Takeaways”
- flashcards to help reinforce student learning
- quizzes to help students assess their knowledge
- active exercises with solutions called “Review Problems” which engage students in active learning and help them master key concepts, and
- extensive end-of-chapter questions, exercises, problems, and cases closely aligned with the material presented within each learning objective.
- Nearly 100 author-recorded video lessons directly tied to each section of the text enrich student learning and can be used for all class formats including online, hybrid, and in-class. To provide consistency, videos use examples directly from the text and are embedded at the beginning of each learning objective section.
- A question and answer approach is used throughout text to stimulate critical-thinking skills.
- Essential topics are covered while maintaining academic rigor using a concise and jargon-free approach.
- Author-written supplementary materials provide robust instructional support and include an instructor’s manual, solutions manual, test bank, quizzes embedded into the online reader version, flashcards, PowerPoint lecture slides, student working papers, and online homework questions.
- Hyperlinks to companies and organizations are provided throughout the text to engage students with real-world applications of the concepts presented.
- The extensive instructor manual provides effective guidance for instructors teaching online, in-class, or hybrid courses.
- A free homework system is included that grades questions, furnishes feedback to students and class statistics to instructors. Multiple versions of the same question are available to minimize student copying.
- Excel-based working papers customized for all end-of-chapter homework items are provided and can be completed in Excel or used as a template for hand-written homework.
- End-of-chapter assignments also include ethics cases, internet projects, group projects, real company analysis, and projects in Excel.
- The text is customizable.
Students
- Online Access Price
- $35.95
- Color Printed Textbook with Online Access Price
- $60.95
Fundamentals of Managerial Accounting is suitable for introductory managerial accounting courses taught at the undergraduate level at two- and four-year colleges and universities. It can also be used effectively with graduate-level courses that cover the fundamentals of managerial accounting.
Fundamentals of Managerial Accounting employs a clear and concise approach for students to learn the basics of key managerial accounting concepts. It also emphasizes the importance of understanding how managerial accounting fits into the larger picture of decision-making within organizations. Carefully developed to follow the standard scope and sequence of typical managerial accounting courses, this textbook encourages students to think like managers rather than to simply memorize concepts.
New in This Version
- Ethics cases throughout the text (e.g., Chapter 1 skill-building case 53; Chapter 2 skill-building case 40; Chapter 5 comprehensive case 51; Chapter 6 comprehensive case 63; Chapter 7 skill-building case 65)
- Updated Institute of Management Accountants (IMA) Statement of Ethical Professional Practice (Chapter 1, Table 1.2)
- New Business-in-Action vignettes and related end-of-chapter questions include:
- Fraud at engine manufacturing company (Business-in-Action 1.3)
- Efficient packaging at Amazon (Business-in-Action 3.4)
- Oil industry price per barrel break-even point (Business-in-Action 6.1)
- Outsourcing decision at Parallax (Business-in-Action 7.1)
- Store closing decision at Best Buy (Business-in-Action 7.2)
- Product line decision at Chevrolet (Business-in-Action 7.3)
- Tesla’s China production facility decision (Business-in-Action 8.1)
- Retailers budgeting for holiday product returns (Business-in-Action 9.1)
- Biggest advertising spenders and budgeting for advertising spending (Business-in-Action 9.2)
- Direct materials variance analysis and the impact of rising cocoa prices on chocolate producers (Business-in-Action 10.2)
- Direct labor variance analysis and automating fulfillment of online grocery orders at Walmart (Business-in-Action 10.3)
- Segmented income statement at Hewlett Packard (Business-in-Action 11.2)
- Internal performance measures at General Electric (Business-in-Action 11.3)
- Analyzing cash flows at Southwest Airlines (Business-in-Action 12.1)
- Comparing cash flows at Home Depot and Lowe’s (Business-in-Action 12.2)
- Dividend payments and stock repurchases at Apple (Business-in-Action 12.4)
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Additions & Errata
Fall 2021
- Table 8.3 footnote ** now refers to Table 8.8 rather than Table 8.7
- Table 8.7 number shown for 10% and 7 periods is now 0.5132 rather than 0.5645
- Table 8.8: The number for 15% and period 4 is now 2.8550 rather than 2.2832
- Table 8.8: The number for 18% and period 18 is now 5.2732 rather than 5.2223