Read more about Principles of Accounting Volume 2 Managerial Accounting

Principles of Accounting Volume 2 Managerial Accounting

(5 reviews)

Contributing Authors

Copyright Year: 2019

ISBN 13: 9781947172593

Publisher: OpenStax

Language: English

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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. Service costing and outsourcing are integrated with manufacturing and merchandising costing. Beyond the material discussed in the text, there are consistent references to... read more

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). These topics include: Understanding cost behavior Fixed vs.... read more

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. I liked 13-chapter format because that would fit well in a semester. I was a little disappointed that Chapter 8, Standard Costs and Variances,... read more

Reviewed by Beth Sanders, Professor, Hawaii Community Colleges on 1/5/20

This text is sufficiently comprehensive for an introductory managerial course. The topics covered are those typical of a 200 level course. My reasons for not rating the text a 5 are (1) there is not a comprehensive problem included in the text,... read more

Reviewed by Pam Meyer, Master Instructor, ULL on 11/11/19

Very thorough coverage of the topics normally covered in the a managerial text. The amount of information introduced in the first two chapters is immense. I think this might be overwhelming to a student taking an introduction class. While the... read more

Table of Contents

  • 1. Accounting as a Tool for Managers
  • 2. Building Blocks of Managerial Accounting
  • 3. Cost-Volume-Profit Analysis
  • 4. Job Order Costing
  • 5. Process Costing
  • 6. Activity-Based, Variable, and Absorption Costing
  • 7. Budgeting
  • 8. Standard Costs and Variances
  • 9. Responsibility Accounting and Decentralization
  • 10. Short-Term Decision Making
  • 11. Capital Budgeting Decisions
  • 12. Balanced Scorecard and Other Performance Measures
  • 13. Sustainability Reporting
  • 14. Answer Key

Ancillary Material

  • OpenStax
  • About the Book

    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. Due to the comprehensive nature of the material, we are offering the book in two volumes. 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. Each chapter opens with a relatable real-life scenario for today’s college student. Thoughtfully designed examples are presented throughout each chapter, allowing students to build on emerging accounting knowledge. Concepts are further reinforced through applicable connections to more detailed business processes. 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.

    About the Contributors


    Senior Contributing Authors
    Patty Graybeal, University of Michigan-Dearborn (Managerial Accounting)
    Mitchell Franklin, LeMoyne College (Financial Accounting)
    Dixon Cooper, Ouachita Baptist University

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