I didn't find any significant errors in the text. Responsibility Accounting and Decentralization, 12. These include:
This is the highest-quality affordably-priced printed OpenStax textbook available. Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet. From my perspective, there is too much emphasis on payback and IRR in the Capital Budgeting chapter, as the student should be warned more strongly about the flaws of those techniques and the theoretical and practical superiority of Net Present Value. bitcoin mining, blockchain, cryptocurrency, would be meaningful to students and keep the textbook relevant and up-to-date.
The chapters in the book are organized in an order commonly found in managerial accounting textbooks. FASB SACS SOX What year was the Sarbanes-Oxley Act enacted? Learn the story behind how we help educators, curriculum creators, and bookstores make learning more relevant, accessible, and affordable. This book is specifically designed to appeal to both accounting and non-accounting majors, exposing students to the core concepts of accounting in familiar ways to build a strong foundation that can be applied across business fields. The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Advertisement". There are an average of 5 learning objectives per chapter, with each one discussed, on average, by 7 1/3 pages of reading material. Financial Statement Analysis
There were no major grammar or spelling issues. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. That being said, the information is very understandable and complete. The Financial Accounting Standards Board (FASB) has released four major updates since 2014 which go into effect in 2018, 2019, and 2020. This cookie is set by Google. The amount of information introduced in the first two chapters is immense.
Last in each chapter are the "Thought Provokers" that are comprehensive problems tie together the concepts that are covered. It does not store any personal data. Additionally, there is a section devoted to resources such as accounting software, financial statements from various types of companies, accounting exams and certificates, and accounting organizations. The chapters follow a coherent order, presenting progressively complex topics while maintaining modularity. Each chapter opens with a relatable real-life scenario for todays college student. XanEdu has been selected by OpenStax to be their Premier Print Partner.
I think the text is very readable. The nature of the text, therefore, keeps content up-to-date and without risk of becoming obsolete within a short period of time. Fixed vs. A powerful digital tool that provide a complete, out-of-the-box courseware solution. There are also two additional topics in the appendices toward the end of the book which are:
Formulas are set aside in colored boxes, so it makes them stand out. Costing methods, operating and capital budgets, tools for analysis, performance evaluation, decision-making processes, and reporting techniques are all covered in depth. My biggest issue is not having a source who can respond to my questions about the text or the instructor's solution manual. Key terms appear in bold text the first time they are used in a chapter and an alphabetical list of all the chapter's key terms and their definition appears on the first page following the chapter conclusion and before the chapter assessment tools. Concepts are further reinforced through applicable connections to more detailed business processes. These cookies will be stored in your browser only with your consent. The use of headings and learning objectives means new sections can be added and existing content be updated with relative ease. Within each topic, formulas are clearly indicated in a larger size font, bolded and with a background that makes them stand out on the page. The material is presented fairly. I think my students would be able to comprehend the explanations and follow the examples. The cookie is used in context with transactions on the website. Eliminate the challenges of outdated, expensive, and inflexible textbooks. I cant comment on Blackboard but it should be similar. The Foreign Corrupt Practices Act (FC PA) was implemented in 1977. The topics covered are those typical of a 200 level course. This book is way above what I've looked at before for OER texts. The text is culturally neutral and focused on the technical aspects of MA. I was also disappointed that the Budgeting chapter only gave a brief explanation of a flexible budget with out really explaining how one is created. This cookie is set by doubleclick.net.
According to the information on management accounting available at What other professional business organizations have a code of ethics? This book is specifically designed to appeal to both accounting and non-accounting majors, exposing students to the core concepts of accounting in familiar ways to build a strong foundation that can be applied across business fields. Student reader and workbook provide comprehensive, interactive resources designed to enhance students civic knowledge and skills. Digital courseware and Open Educational Resources for College Nursing programs. Process Costing
Glossary of key terms and definitions is included at the end of each chapter. Students are immersed in the why as well as the how aspects of accounting in order to reinforce concepts and promote comprehension over rote memorization. There does appear to be several of the same type of problem included in these. Which of the following statements is incorrect? Like the formatting. This cookie is used to make safe payment through PayPal. southwest), phrases, idioms, nuances and so forth that provide a frame of reference for those who have grownup in the contiguous United States have little meaning for most students, especially the non-native English speakers and those who have never been off the island of Hawai'i. I didn't read the complete book, but didn't find any errors in the materials that I read. I've done it both ways so either way doesn't bother me.
They register anonymous statistical data on for example how many times the video is displayed and what settings are used for playback. It is easy to read and easy to scan in search of a detail or formula necessary for a given project. I've used OER texts in the past and typically they are not updated and the links become out of date. Reviewed by David Thrope, Adjunct Professor, Mount Wachusett Community College on 6/30/20, Typical managerial topics are covered appropriately through text, illustrations and examples including links to videos (in the web based, app based and PDF versions of the book). As I stated in a previous area, the text is written in a manner consistent with terminology and examples used on the United States mainland.
The managerial accounting solutions manual provides answers to all Basic and Involved Problems found in the textbook. Each chapter also includes a summary by learning objective that condenses the material into key, concise points. I worked some of the exercises and problems (not all) and didn't see any issues. Indicate whether each statement describes financial accounting or managerial accounting. A. The text is written and/or arranged in such a way that necessary updates will be relatively easy and straightforward to implement. English language arts curriculum for whole-class instruction made for teachers. The Open Stax procedures for handling corrections on an annual basis provides a relatively easy and straightforward means of making updates and revisions. Which of the following is not an objective used in the balanced scorecard approach? The PDF and the print version which is derived from it lag behind a bit. Capital Budgeting Decisions
Principles of Accounting is designed to meet the scope and sequence requirements of a two-semester accounting course that covers the fundamentals of financial and managerial accounting. What is corporate social responsibility, and who are the stakeholders? The cookie is used to store information of how visitors use a website and helps in creating an analytics report of how the website is doing. My reasons for not rating the text a 5 are (1) there is not a comprehensive problem included in the text, (2) there is not a test bank, (3) students did not find the PowerPoint slides helpful when reviewing, and (4) the instructors manual only provides the numerical or multiple choice answer; steps to the solution are not included. Good links to videos and articles that are relevant to the information being covered. But opting out of some of these cookies may affect your browsing experience. The overall subject of Managerial Accounting and the topics discussed within the text are as relevant as always. The cookie is used to store the user consent for the cookies in the category "Analytics".
The text utilizes appropriate language that is understandable and accessible. The cookie is used to store the user consent for the cookies in the category "Performance". OpenStax course materials are the most widely used OER textbooks in the world. This cookie is set by GDPR Cookie Consent plugin. An adopter of this book can see that there is a perpetual review from the community to ensure that accuracy is addressed and maintained. This book includes all of the chapters typically found in a Principles of Managerial Accounting text. The hardcover and paperback versions are exactly the same as the free OpenStax digital textbook which is available for free digital download at the OpenStax website, but as many students prefer the convenience of a printed textbook, we work directly with OpenStax to provide affordable print textbook options for students. Variable Cost
30+ textbooks for math, science, business, history, and more. The worlds most widely used OER course materials, we are OpenStax' Premier Print Partner. Each chapter opens with a relatable real-life scenario for todays college student. The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. "Think It Through" puts the student in a decision-making position and asks them how to use the new information to make a better decision. Formulas are presented in practical ways with plenty of examples and explanations of how to use in Excel. Reviewed by Adena Lejeune, Division Chari/Associate Professor, Louisiana College on 4/16/20, This book includes all of the chapters typically found in a Principles of Managerial Accounting text. The content is up-to-date. read more. Your Turn provides an example to work through. Attribution-NonCommercial-ShareAlike I've covered chapters out of order before, so moving this around would be simple to do. Think about the organization chart in Figure 1.7. Some do Job-Order & Process Costing first. Check out the latest updates from our K-12 and Higher Ed groups, as well as our corporate team. The amount of information introduced in the first two chapters is immense. Service costing and outsourcing are integrated with manufacturing and merchandising costing. I liked 13-chapter format because that would fit well in a semester. The managerial accounting book covers a range of managerial and cost accounting topics related to planning, directing, and controlling functions. Last are thought provoking open-ended questions that have more than one acceptable response. The amount of information introduced in the first two chapters is immense. The chapters' structuremotivation, discussion, exercises makes teaching and learning easy and facilitates further consultation and review. The Think It Through paragraphs that appear periodically raise challenging questions that allow a reader to reflex and absorb the material. Beyond the material discussed in the text, there are consistent references to additional resources for the student to deepen her understanding or get a different perspective. Each chapter consistently has feature boxes throughout. Due to the comprehensive nature of the material, we are offering the book in two volumes. Missing letters - P113 co ts should be costs error in PDF but not website or apps. There are links to instructor and student resources and options for downloading PDF and Kindle formats. Which agreement did 196 nations adopt in December 2015? Used by Google DoubleClick and stores information about how the user uses the website and any other advertisement before visiting the website. I didn't notice any obvious errors in the text. Extra words - P124 LO 2.1 they reported the these revenues and expenses - Either the or these - all versions of the book have this error. This material is customary for most managerial accounting courses, and is foundational for all accountants and business people. Balanced Scorecard and Other Performance Measures. Students considered the length of the chapters and the words per page burdensome, but no more than any other accounting textbook. OpenStax publishes high-quality, peer-reviewed, openly-licensed textbooks for college and high school that are absolutely free online and low cost in print with most available in either full-color hardcover and B&W paperback print formats.
This cookie is used to track how many times users see a particular advert which helps in measuring the success of the campaign and calculate the revenue generated by the campaign. There are various typos and grammar errors that do appear in the book but have no negligible impact on understanding the topic. First week only $4.99! For example, should they be considered Horngren's Financial & Managerial Accounting, The Financial Chapters (Book & Access Card), Bundle: Intermediate Accounting 16e Binder Ready Version + WileyPLUS Access Code, Horngren's Financial & Managerial Accounting, The Financial Chapters, Student Value Edition Plus MyLab Accounting with Pearson eText -- Access Card Package (6th Edition), Managerial Accounting, Student Value Edition Plus MyLab Accounting with Pearson eText -- Access Card Package (5th Edition), Financial Accounting, Student Value Edition Plus MyLab Accounting with Pearson eText - Access Card Package (11th Edition), Horngren's Cost Accounting, Student Value Edition Plus MyLab Accounting with Pearson eText - Access Card Package (16th Edition), GEN COMBO LL MANAGERIAL ACCOUNTING; CONNECT ACCESS CARD, Financial Accounting, 10e WileyPLUS Registration Card + Loose-leaf Print Companion. They found the find function of the PDF version especially helpful. These cookies track visitors across websites and collect information to provide customized ads. This cookie is provided by PayPal when a website is in association with PayPal payment function.
Very thorough coverage of the topics normally covered in the a managerial text. Assessment tools are logical and consistent in each chapter, starting with multiple choice questions covering all learning objectives, which are followed by brief, open-response questions.
The book can be customized for anyones specific needs. It is used to support payment service in a website.
The text is internally consistent in terms of terminology and framework. At times it is difficult to know if the manual contains a mistake or if the reader has misunderstood the question or text. While the material is an overview of concepts that will be studied in depth in later chapters, it almost seemed like overkill. I found the textbook easy to use and will continue to use it. For example, "Your Turn" gives the student a change to apply the concepts that were just covered. View our open positions. Unnecessary hyphenations - P53 The health-care Should be healthcare
I was a little disappointed that Chapter 8, Standard Costs and Variances, The framework is very consistent from chapter to chapter. Budgeting
Student workbook and teachers guide for integrating civics projects into existing social studies classes. In thinking about testing student on this material, I can see a student now knowing what to study. Start your trial now! A. planning B. finding bottlenecks C. providing Why does a company use a standard costing system? Are you an organization dedicated to making educational materials accessible and affordable? Why was it enacted, and what are Indicate whether each of the following statements is true or false. Standard Costs and Variances
Decision Making
Content is up to date, but not in a way that will quickly make the text obsolete within a short period of time. Become a XanEdu partner. I do like the layout of the book. Linked videos, which can become obsolete can be replaced if the material is no longer available. Activity-Based, Variable, and Absorption Costing, 9. Whether you are already a customer or are thinking about working with us, we would love to hear from you. The text can be seen as an accessible yet complete manual to perform the typical MA analysis. The nature of the topic is that it is rule-based in some instances. Typical managerial topics are covered appropriately through text, illustrations and examples including links to videos (in the web based, app based and PDF versions of the book). Chapter 1 - Accounting As A Tool For Managers, Chapter 2 - Building Blocks Of Managerial Accounting, Chapter 6 - Activity-based, Variable, And Absorption Costing, Chapter 9 - Responsibility Accounting And Decentralization, Chapter 12 - Balanced Scorecard And Other Performance Measures. I do know this text had far fewer errors than the open source accounting textbook I previously used. As OpenStax's premier print partner, XanEdu prints all OpenStax textbooks in hardcover full-color versions, and a paperback version with B&W interior pages. CC BY-NC-SA, Reviewed by Jorge Zazueta, Adjunct Faculty, American University on 1/19/21, The text covers all the usual topics in a Managerial Accounting(MA) course. Time Value of Money
Reviewed by Beth Sanders, Professor, Hawaii Community Colleges on 1/5/20, This text is sufficiently comprehensive for an introductory managerial course. Each chapter is independent, so I think it would be easy to cover only that that you have time for. Which of the following is nor a common goal of an organization? These cookies can only be read from the domain that it is set on so it will not track any data while browsing through another sites. I liked the fact that so many examples are given in the chapter.
Analytical cookies are used to understand how visitors interact with the website. Through partnerships with philanthropic foundations and alliances with other educational resource companies, OpenStax strives to break down the most common barriers to learning as they believe that a well-educated society profits us all. I received an email acknowledging receipt with a notice that errata received from November to February will be reviewed for the following fall. Explore books published by XanEdu and authored by faculty at institutions around the world. Principlesofaccounting.com Copyright 2022. Pictures of individuals and groups in the text portray diverse cultures and ethnicity and names used in exercises and problems reflect different cultures. A. operational efficiency B. being ______ are the costs associated with not choosing the other alternative. The solution is readily visible providing immediate feedback on your success. Creating your customized learning materials is easily done with these 4 steps. Typical managerial topics are covered appropriately through text, illustrations and examples including links to videos (in the web based, app based and PDF versions of the book). External users of accounting information would include ________________. Read the latest XanEdu news and updates from our blog. See examples below: Corresponding editions of this textbook are also available below: The managers of an organization are responsible for performing several broad functions. There are 13 chapters, which average 35 pages of reading material exclusive of key terms, summaries and assessment tools. Describe what is meant by the term balanced in the term balanced scorecard method. The text is internally consistent with most terminology and the framework of each chapter is similar. How can having a bonus system based purely on sales goals create an environment that encourages What led to the United States Congress passing the public accounting reform act called Sarbanes What is an enterprise resource planning (ERP) system? This cookie is set by GDPR Cookie Consent plugin. The text is written in lucid, accessible prose, and provides adequate context for any jargon/technical terminology used. Active Frame, Inc., manufactures clear and tinted sport glasses. Create relevant and adaptable higher ed course materials that are affordable for everyone. This cookie is set by GDPR Cookie Consent plugin. This text is sufficiently comprehensive for an introductory managerial course. The amount of a units sales price that helps to cover fixed expenses is its ____________________. Strong emphasis on examples of how even a small change could make the information look different. If there are multiple methods or situations that involve special treatment, they are covered fully. Who are the primary users of the information gathered by managerial accountants? Which of the following is not true regarding continuous improvement? read more. It is, however, very relevant and would be helpful to a student in understanding the material. Explain how managerial accountants help managers plan, control, and evaluate. I have not looked at the Instructor Resources.
Very thorough coverage of the topics normally covered in the a managerial text. There are also Instructor resources that include PowerPoint presentations which faithfully follow the textbook and can be easily modified to meet the needs of instructors. Journalism, Media Studies & Communications, 2. We offer sample solutions for Principles of Accounting Volume 2 homework problems. The purpose of the cookie is to determine if the user's browser supports cookies. The terminology and examples used in the book are typical of the United States mainland, which can be considered bias but it is not unexpected or even intentional. Which of the following terms means knowing how a business is run and how it is influenced by What is the law that protects investors from fraudulent financial accounting activity? This book includes all of the chapters typically found in a Principles of Managerial Accounting text. These cookies ensure basic functionalities and security features of the website, anonymously. My reasons for not rating the text a 5 are (1) there is not a comprehensive problem included in the text, There were a variety of inclusive examples. I overlooked a few errors I found in the early chapters but in November 2019 I submitted two issues for review. Necessary cookies are absolutely essential for the website to function properly. The cookies is used to store the user consent for the cookies in the category "Necessary". read more. The flow of each chapter is logical and the inclusion of numbered learning objectives is helpful, especially when selecting questions, exercises and problems. An interesting point is that on the website for the book, there is a page devoted to errata and the status of them: (https://openstax.org/errata/?book=Principles%20of%20Accounting%2C%20Volume%202%3A%20Managerial%20Accounting)
I did not write down the few minor errors I saw in the text so I cannot specifically state them. The cookie is used to calculate visitor, session, campaign data and keep track of site usage for the site's analytics report. These topics include:
Sitemap 8