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FAQ:
Q: What is financial&managerial accounting for undergraduates?
A: Financial & Managerial Accounting for Undergraduates is intended for use in introductory financial and managerial accounting courses at the undergraduate level; courses that balance the development of financial statements and management accounting tools, with their interpretation and use in decision making.
Q: What is managerial accounting for undergraduates 2e?
A: Managerial Accounting for Undergraduates, 2e, is intended for use in the first managerial accounting course at the undergraduate level; one that balances the development of management accounting tools with their implementation in decision making.
Q: What should be included in a managerial accounting textbook?
A: Many undergraduate managerial accounting textbooks focus primarily on calculations and formulas and how to apply these accounting skills in a manufacturing environment. However, business professionals must be able to apply their technical accounting knowledge and expertise in a broader context in making good business decisions.
Q: Do business professionals understand accounting principles and methods?
A: While working for both small and large service firms and teaching in a university setting, we observed that some business professionals, although possessing a technically sound knowledge of accounting principles and methods, had difficulty understanding how the “answer” applied in the context of real business issues faced by these firms.