Fundamental Managerial Accounting Concepts

This manual on managerial accounting focuses on concepts that are isolated and introduced in a logical sequence. The authors intentionally limit the scope of the material to help students build a solid foundation of the most important concepts in managerial accounting. The text is organized in a distinctive way, particularly in the first six chapters, the objective being to establish a coherent, integrative framework that enables students to build knowledge in stepwise fashion. The authors' goal is for students to understand the underlying principles of accounting, not just memorise content. The accompanying Topic Tutor tutorial provides students with help on two key topics for every chapter. Included for each concept are video clips, PowerPoint slide shows, interactive exercises, self-test quizzing and links to the Internet. Net Tutor offers personalized tutoring via the Internet.

Focus on Concepts helps students understand the most important concepts in managerial accounting without loading them down with too much information. The text is truly written for students. The material presented is not intended to introduce students to every aspect of the field but rather to provide a solid foundation for the fundamental concepts of managerial accounting. The philosophy is that the application of accounting concepts to business practice should be the end result rather than the starting point of the educational process.
Distinctive Organization allows for greater emphasis to be placed on decision-making and easier comprehension of concepts. For example, cost behavior and cost/volume/profit analysis are covered before cost accumulation. Important cost terms and concepts are introduced in context where they can be linked with decision-making skills.
Delayed focus on manufacturing cost flow results from the effort to isolate concepts and introduce them in a logical sequence. Understanding the assignment of overhead costs within a manufacturing context requires a comprehension of cost behavior, direct versus indirect costs, and the mechanics of allocation. Therefore, coverage of these topics precedes the introduction of manufacturing cost flow. This also allows the text to focus more on service and not-for-profit entities.
Excel Spreadsheet screenshots will be used as examples for students where applicable. Each chapter includes Working with Excel and Mastering Excel problems. Both problems require students to create spreadsheets from scratch and include screen captures as well as Excel tips to help students.
In addition, McGraw-Hill/Irwin publishes Managerial Accounting using Excel 7.0 by Ali Peyvandi and Nancy Hongola, both of California State University at Fresno (isbn 0072296291). This product enables a professor to easily incorporate spreadsheets into a managerial accounting course using a four-step system:
1. Provides students with a brief introduction to the computer
2. Introduces the student to an Excel spreadsheet and its functions.
3. Students solve managerial accounting problems using Excel templates.
4. Requires students to solve managerial accounting problems by creating a spreadsheet from scratch.
Peyvandi/Hongola can be bundled with FMAC for an additional $15.
Analyze, Think, Communicate - Each chapter concludes with a section of analytical, critical thinking, and communication problems that require critical thinking and interpretation. These include a Business Application Case (drawn from real-world events), a Group Assignment, a Research Assignment (based on current articles), a Writing Assignment, an Ethics Case, and Working with Excel and Mastering Excel problems.
A Look Back/A Look Forward - Each chapter ends with a look back at the main points of the chapter, followed by a preview of the upcoming chapter, with an emphasis on how the concepts build on one another. This approach is yet another example of the focus on key concepts.
Real World Focus - Each chapter begins with 'The Curious Accountant' which poses a thought-provoking question based on the chapter content. These questions involve real accounting issues faced by real companies. Throughout the book, Reality Bytes and Focus on International Issues boxes provide diverse examples of accounting applications. When real-world companies are used in an example, Edmonds uses actual data from the company.
Brief, manageable length proves 'less is more.' This fourteen-chapter textbook reflects the effort to address the information overload problem.
The Online Learning Center (OLC) is a website that provides a wealth of resources for students and instructors following the text chapter-by-chapter. For the instructor, the OLC will provide electronic versions of the Instructor's Manual, Power Point Slides, Solutions Manual, Excel Template Solutions, Sample Syllabi, Solutions to Internet Exercises and General Ledger Solutions.

·Content from the Edmonds' Managerial 2e OLC can be used in any one of a number of platforms including our own PageOut (see description below) and 3rd party course management systems like WebCT, Blackboard, TopClass, or eCollege.
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McGraw-Hill/Primis Online's digital database gives you the flexibility to customize your course including material from this text and the largest online collection of textbooks, readings, and cases. Primis leads the way in customized eBooks with hundreds of titles available at prices that save your students over 20% off bookstore prices. Additional information is available at 800-228-0634.Business Week Edition. Your students can subscribe to Business Week for a specially priced rate of $8.25 in addition to the price of the text. Students will receive a pass code card shrink-wrapped with their new text. The card directs students to a Website where they enter the code and then gain access to Business Week's registration page to enter address info and set up their print and online subscription as well. Passcode ISBN 007-251530-9.
Wall Street Journal Edition. Your students can subscribe to the Wall Street Journal for a specially priced rate of $15 in addition to the price of the text. Students will receive a "How To Use the WSJ" handbook plus a pass code card shrink-wrapped with the text. The card directs students to a Website where they enter the code and then gain access to the WSJ registration page to enter address info and set up their print and online subscription. They can also set up their subscription to Dow Jones Interactive online for the span of the 10-week period. Passcode ISBN 007-251950-9.
Standard & Poor's Educational Version of Market Insight. McGraw-Hill/Irwin is proud to partner with Standard & Poor's to offer access to the Educational Version of Standard & Poor's Market Insight(c). This rich online resource provides six years of financial data for 100 top US companies. The password-protected Website is the perfect way to bring real data into today's classroom. This is free with selected McGraw-Hill titles and is available for an extra $10 with additional titles.GradeSummit(TM) is a dynamic self-assessment and exam preparation service for students and instructors. Detailed diagnostic analysis of strengths and weaknesses enables efficient and effective study for students and effortless information for instructors.Excel Templates: These are included on the text website and are designed for use with selected problems from the text. The templates gradually become more complex, requiring students to build a variety of formulas. 'What if' questions are added to show the power of spreadsheets and a simple tutorial is included.
More emphasis on decision-making concepts applicable to both service and manufacturing companies. This is achieved by the introduction of topics such as operating leverage, cost-volume-profit analysis, relevance and cost allocation up front and traditional topics such as manufacturing cost flow, job order, and process costing toward the end of the text.
Topic Tackler CD-Rom is free with every new copy of the text. Topic Tackler is unique because it integrates video clips, PowerPoint slides, interactive exercises, and a self-test for the two most difficult and/or important topics in each chapter into an integrated and guided study session. Just as important, it is text-specific and reinforces the core concepts in the text. Icons in the margins of the text highlight the concepts covered in Topic Tackler. The navigation is incredibly simple and no installation is necessary. Also on the CD is a walk-thru of Topic Tackler and a link to the OLC.
'Check Yourself' areas throughout each chapter ask students to stop and think about the concept before moving on to the next.
Inclusion of a Self-Study Review Problem at the end of each chapter. This is a representative problem with a detailed solution to be worked before attempting end of chapter problems.
Addition of B Exercises that mirror the 1st set of exercises in each end-of-chapter section, allowing students to practice their accounting skills through repetition.
Net Tutor - NetTutor offers your students live, personalized tutoring via the Internet. Using NetTutor's powerful WWWhiteboard software, students can post a question and receive prompt feedback from an expert in their subject. Students may also post questions to the Q&A Center and receive a reply within 24 hours. Visiting the Message Center allows students to discuss difficult concepts among themselves, while the Archive Center provides a browsable list of questions and answers maintained by the subject tutor. NetTutor is FREE with all new texts, and an invaluable aid for accounting students'a study partner who always has the answer.