Customer Reviews

Management Accounting (3rd Edition)

5 star:		(11)
4 star:		(5)
3 star:		(0)
2 star:		(6)
1 star:		(10)

 

 

A very nice and neat accounting textbook! This book explains basic accounting concepts clearly, which helps me to master basic concepts of accounting with ease and simplicity. I had a great time to read this book, and it makes learning accounting as interesting as it can be. The introduction and summary of each chapter also help me to understand a big picture of management accounting as well as small details. The treatment of management accounting is thorough and highly advanced with many detailed examples in reality.
The reason that I recommend this book is extending basic concepts with real-world examples which apples underlying concepts of management accounting. This book shows how accounting is used and analyzed in actual case situations. Especially I noticed that the authors are experts at the Balanced Scorecard. The Balanced Scorecard chapter presents the most important concept and examples in a very organized manner. This book also encompasses important new topics in management accounting such as activity-based cost systems, JIT, target costing, pricing and product planning, performance measurement systems, and budgets.
I heard some textbooks too much focus on questions of calculating cost and deriving quantitative solutions. Unlike those textbooks which only teach mechanical procedures without understanding underlying factors, this textbook provides insightful knowledge about how management accounting information facilitates decision- making through various analysis tools.

This reads like an introductory text in the subject. The maths treatment is pretty easy. Nothing approaching calculus, unlike many contemporary economics texts. Significant portions of the book revolve around the proper accounting of costs for developing and marketing a product.

Many examples are given from traditional manufacturing contexts. In part to give a concrete feel to the analysis of allocating effort.

Another important aspect covered is how to deal with cost driver changes. Where the rates of different factors can increase (rarely do they decrease!). You are also given multiple measures of performance. There is no single correct metric; an important lesson in itself.

Each chapter has a substantial exercise set at its conclusion. A deliberately non-trivial effort is needed to do these. But well worth it in order to drive home the chapters' ideas.

My MBA program used this book. I found the book easy to read and liked its consideration of behavioral issues usually ignored in other books. The book covers new and important topics in management accounting (activity-based costing, balanced scorecard, JIT, target costing, kaizen costing, environmental costing and benchmarking). A companion book (Readings in Management Accounting) has lots of articles describing applications of material presented in the textbook.

I made an order for a used text book. Amazon was the least expensive. I recieved the book in a timely fashion with an e-mail confirmation and a tracking number. The world is right.

This is an excellente book for Accounting studies in MBA courses. It is helping me a lot.

A very nice and neat accounting textbook! This book explains basic accounting concepts clearly, which helps me to master basic concepts of accounting with ease and simplicity. I had a great time to read this book, and it makes learning accounting as interesting as it can be. The introduction and summary of each chapter also help me to understand a big picture of management accounting as well as small details. The treatment of management accounting is thorough and highly advanced with many detailed examples in reality.
The reason that I recommend this book is extending basic concepts with real-world examples which apples underlying concepts of management accounting. This book shows how accounting is used and analyzed in actual case situations. Especially I noticed that the authors are experts at the Balanced Scorecard. The Balanced Scorecard chapter presents the most important concept and examples in a very organized manner. This book also encompasses important new topics in management accounting such as activity-based cost systems, JIT, target costing, pricing and product planning, performance measurement systems, and budgets.
I heard some textbooks too much focus on questions of calculating cost and deriving quantitative solutions. Unlike those textbooks which only teach mechanical procedures without understanding underlying factors, this textbook provides insightful knowledge about how management accounting information facilitates decision- making through various analysis tools.

My gosh, I have never read such a poorly written book! Wasn't there an editor at Prentice Hall to have, at least, reviewed this book prior of it going out to print? The poor grammar usage, the garble & ambiguity of explaing the concepts; it truly lacks direction...where are the solutions to the problem exercises?

I consider myself a strong avid reader, but I have found myself re-reading a page or two before pressing on.

If this is a required textbook for your accounting class, I highly suggest investing in a good supplemental study guide to aid you with this book. Good luck!!

I've just completed my managerial accounting course with an "A" grade DESPITE having been assigned this text. These authors, like many accounting authors, don't know how to use language to convey the concepts they're attempting to get across. (Does that mean they're "numbers people" who can't use language correctly to develop ideas?? Perhaps!!!) Even more so, the way they choose to conceptually develop managerial accounting theory is somewhat farcical. If you've been assigned this text from your instructor, RUN OUT NOW AND INVESTIGATE OTHER MANAGERIAL ACCOUNTING TEXTS TO USE IN CONJUCTION WITH IT. (Try "Managerial Accounting" Weygandt, Kieso and Kimmel) The problem with "Management Accounting" is that it has little precision in describing the main issues of managerial accounting and wants to be an Operations Management text or Management text rather than an authentic Managerial Accounting text. As students, let's vote with our wallets and tell these accounting authors to get a 2nd degree in English so that they can actually convey to us the ideas they're attempting to convey!!! Tell your professor he/she needs to wake up and change texts! The book was written for people who really don't want to actually learn Managerial Accounting theory, but want to pretend to have learned it. It can't describe the critical concepts in enough detail for you to get a good grip on the material - and it's conceptual development of the theory is confusing. Switch it!

Read this book for one of my MBA courses. Found it a good read. Coming from a Financial Management course I was leery about this course and its textbook, but the text helped me a lot.

I'm studying this book as part of my MBA and felt that it deserved a whole pile of rotten tomatoes.

I have never come across a book that was so pointlessly impenetrable (and I've read a lot of journal papers and science, math and economic textbooks)

in short, here are my main issues with it

1. The book is exceedingly verbose.

2. The examples are poorly explained and are not particularly helpful

3. The figures are poor or absent all together.

4. The book shrouds an otherwise not too difficult topic in waffle

5. There are no solutions! (what is with that? how am I supposed to learn if I can't check my working?)

To Lecturers considering using this for your classes - DON"T

To Students stuck with this book - COMPLAIN LOUDLY.