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Managerial Accounting For Dummies
 
 

Managerial Accounting For Dummies [Kindle Edition]

Mark P. Holtzman
4.7 out of 5 stars  See all reviews (3 customer reviews)

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Product Description

Product Description

The easy way to master a managerial accounting course

Are you enrolled in a managerial accounting class and finding yourself struggling? Fear not! Managerial Accounting For Dummies is the go-to study guide to help you easily master the concepts of this challenging course. You'll discover the basic concepts, terminology, and methods to identify, measure, analyze, interpret, and communicate information in the pursuit of an organization's goals.

Tracking to a typical managerial accounting course and packed with easy-to-understand explanations and real-life examples, Managerial Accounting For Dummies explores cost behavior, cost analysis, profit planning and control measures, accounting for decentralized operations, capital budgeting decisions, ethical challenges in managerial accounting, and much more.

  • Covers the key concepts and tools needed to communicate accounting information for managerial decision-making within an organization
  • Plain-English explanations of managerial accounting terminology and methods
  • Tracks to a typical college-level managerial accounting course

Managerial Accounting For Dummies makes it fast and easy to grasp the concepts needed to score your highest in a managerial accounting course.

From the Back Cover

Learn to: Interpret accounting information for managerial decision-making Discover the basic concepts, terminology, and methods in managerial accounting Score your highest in a managerial accounting course The easy way to master a managerial accounting course Are you enrolled in a managerial accounting class and finding yourself struggling? Fear not! Managerial Accounting For Dummies is the go-to study guide to help you easily master the concepts of this challenging course. You'll discover the basic concepts, terminology, and methods to identify, measure, analyze, interpret, and communicate information in the pursuit of an organization's goals. Managerial Accounting 101 — get a taste of what managerial accounting is, why it's important, and the important aspects of accounting that every businessperson needs to know The world of costs — discover the nature of different kinds of costs, how they behave, and how they flow through a business's operations Put the "I" in decision-making — find out how to use cost information to make decisions, such as whether to buy equipment, which products to make, and how to set prices Back to the future — get the 4-1-1 on the important role managerial accountants play in planning and budgeting for the future Take control — understand how managerial accountants monitor a company's performance to identify and address problems before they become crises Open the book and find: The role managerial accounting plays in business Key tools and concepts needed to communicate accounting information Examples illustrating terms, concepts, and formulas Foundational information about business, management, and decision-making Ten key managerial accounting formulas Financial statement ratios to know

Product details

  • Format: Kindle Edition
  • File Size: 3724 KB
  • Print Length: 360 pages
  • Publisher: For Dummies; 1 edition (28 Jan 2013)
  • Sold by: Amazon Media EU S.à r.l.
  • Language: English
  • ASIN: B00B89UY8A
  • Text-to-Speech: Enabled
  • X-Ray:
  • Average Customer Review: 4.7 out of 5 stars  See all reviews (3 customer reviews)
  • Amazon Bestsellers Rank: #129,446 Paid in Kindle Store (See Top 100 Paid in Kindle Store)
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4.7 out of 5 stars
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Most Helpful Customer Reviews
5.0 out of 5 stars Great Book 23 Mar 2014
Format:Paperback|Verified Purchase
This book is very easy to understand, it explains hard concepts of managerial accounting easily and also very addictive to read.
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5.0 out of 5 stars Good for everyone 19 April 2013
By J
Format:Paperback|Verified Purchase
If you need help with management accounts this it a good book to choose as each subject is explained really well
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4.0 out of 5 stars Getting to know managerial accounting 31 July 2014
Format:Paperback
Good purchase: "did what it says on the tin" as the saying goes!
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Most Helpful Customer Reviews on Amazon.com (beta)
Amazon.com: 4.8 out of 5 stars  17 reviews
8 of 8 people found the following review helpful
5.0 out of 5 stars Helpful guide for the College student taking a Managerial Accounting course, authored by a CPA/professor with a sense of humor 23 Mar 2013
By Steven I. Ramm - Published on Amazon.com
Format:Paperback|Vine Customer Review of Free Product (What's this?)
Most of my reviews on Amazon are for "entertainment related" items but - as a CPA and a CFO - I certainly understand finance books. This particular title was sent to me by Amazon as part of their "Vine Reviewer" program in which they send selected books to a selected group of reviewers.

The "Dummies" series has sure grown since 1991 when Dan Gookin authored "DOS for Dummies". There are now over 1800 (!) "... for Dummies" titles.

I've used - and reviewed - quite a few of these books - especially business related and accounting volumes. Some are written by what I call "professional authors" who are not using the subject they are writing about in their daily life. The author of this book - Mark Holtzman is a CPA, with experience in a major CPA firm, but he is also currently a teacher and Chair of the Accounting Department at Seton Hall University, so "teaching" is his business. I also like the idea that doesn't take everything seriously. There is a light humorous touch in his writing when he gives examples. This is not to say that this is a "fun" book (okay the cartoons that head off each chapter ARE funny. And it's not something to read before you go to bed.

As Holtzman says on Page 2 of the Introduction, he is assuming that the reader is:
A college student taking a managerial accounting course who needs help in understanding the concepts
A recent college graduate who is considering a career in managerial (versus financial reporting) accounting.
A professional who wants a refresher course.

If you are one of these - especially one of the first group -, I think you'll find this 334-page book helpful.

Steve Ramm
"Anything Phonographic"
5 of 5 people found the following review helpful
5.0 out of 5 stars Why aren't text-books written like this? 21 May 2013
By GLBT - Published on Amazon.com
Format:Paperback|Vine Customer Review of Free Product (What's this?)
The text book I'm using for my Managerial Accounting book (which shall remain nameless to protect the innocent) seems to be specially designed to make every single points as confusing as possible and to maximize the boredom factor. The writers clearly went out of their way to avoid anything resembling humor.

I was hesitant about getting "Managerial Accounting for Dummies" but finally tried a copy from the campus library and was amazed how simple some of these concepts actually can be. I ended up ordering my own copy and it was a HUGE help! Very simple explanations and even though the humor is a bit corny, it does break up the monotony. Also, the text is large enough that I can read it without my eyes bleeding, unlike my 600-page text book.

This book won't teach you EVERYTHING you need to know about managerial accounting, but it will make the basics a LOT easier!
3 of 3 people found the following review helpful
5.0 out of 5 stars This is an excellent progressive reference for anyone considering taking a managerial accounting course ... 3 Jun 2013
By D. Fowler - Published on Amazon.com
Format:Paperback|Vine Customer Review of Free Product (What's this?)
No, managerial accounting (management accounting) isn't what your regular CPA does. Of course if you are looking at this book, you are probably very much aware of what a managerial accountant does for a living. Rather than focus outwardly preparing reports that make the public and the IRS aware of what's going on in the company, the managerial accountant does a lot of analyzing, evaluation, and "planning and budgeting for the future" of a business. In other words, if you want your company to succeed, you have to have someone on board who will help you achieve your goals. A managerial accountant is that rare breed who will do just that.

In the "Dummies" books there are usually a few assumptions and this book is no exception. Primarily books like these are geared toward students who are currently taking a managerial course or plan to in the future. Other interested parties may include people who would like to brush up on the subject, business or entrepreneurs, or those who need certification for their career. Whatever the motivation, this book is packed with information that will benefit anyone interested in managerial accounting.

The book itself is not progressive, but rather one in which you can focus on a particular topic or topics you are interested in. Any newbies to managerial accounting would do well to work with the book from start to finish. The book is generously illustrated with charts, graphs, formulas, and numerous informative sidebars. For example, one sidebar differentiates several companies as to whether they are service, retail, or manufacturing.

Each chapter is prefaced by bullet points outlining what is in the chapter and a brief commentary and overview of it. You'll find several icons in this book that point out tips, things you'll want to remember, technical stuff, examples, and some that offer up a few cautionary notes This is an excellent reference that will help anyone out who is currently taking a managerial accounting course or plans to in the future. The material is clear, concise, and very user-friendly.

CONTENTS:

Part I: Introducing Managerial Accounting

Chapter 1: The Role of Managerial Accounting
Chapter 2: Using Managerial Accounting in Your Business

Part II: Understanding and Managing Costs

Chapter 3: Classifying Costs
Chapter 4: Figuring Cost of Goods Manufactured and Sold
Chapter 5: Teaching Costs to Behave: Variable and Fixed Costs
Chapter 6: Allocating Overhead
Chapter 7: Job Order Costing: Having It Your Way
Chapter 8: Process Costing: Get In Line

Part III: Using Costing Techniques for Decision-Making

Chapter 9: Straight to the Bottom Line: Examining Contribution Margin
Chapter 10: Capital Budgeting: Should You Buy That?
Chapter 11: Reality Check: Making and Selling More than One Product
Chapter 12: The Price Is Right: Knowing How Much to Charge
Chapter 13: Spreading the Wealth with Transfer Prices

Part IV: Planning and Budgeting

Chapter 14: Master Budgets: Planning for the Future
Chapter 15: Flexing Your Budget: When Plans Change

Part V: Using Managerial Accounting for Evaluation and Control

Chapter 16: Responsibility Accounting
Chapter 17: Variance Analysis: To Tell the Truth
Chapter 18: The Balanced Scorecard: Reviewing Your Business's Report Card
Chapter 19: Using the Theory of Constraints to Squeeze Out of a Tight Spot

Part VI: The Part of Tens

Chapter 20: Ten Key Managerial Accounting Formulas
Chapter 21: Ten Careers in Managerial Accounting
Chapter 22: Ten Legends of Managerial Accounting
Index
2 of 2 people found the following review helpful
4.0 out of 5 stars Great into to managerial accounting which is the most interesting topic in accounting! 8 April 2013
By Hoppaguy - Published on Amazon.com
Format:Paperback|Vine Customer Review of Free Product (What's this?)
This is a great book for anyone that is in finance, marketing or really anywhere in a company that deals with accounting. I think that managerial accounting is the most interesting of all accounting topics because essentially it is using accounting to make business decisions. I am currently in financial planning and analysis (FP&A) and having an understanding of managerial accounting is essential. The costing techniques section with regards to decision-making is especially helpful in terms of allocating overhead and activity based costing. The section after decision making is planning and budgeting which is also very helpful if you are in budgeting. Overall a good introduction to managerial accounting if you do not have experience in the topic.
1 of 1 people found the following review helpful
5.0 out of 5 stars Much better than I expected. 4 Jun 2013
By S. Power - Published on Amazon.com
Format:Paperback|Vine Customer Review of Free Product (What's this?)
Having disliked the Managerial Accounting class in my MBA program and have never tried a "for Dummies" book before so I was very skeptical about this book. In reality it is great. It takes a very ambiguous subject and makes it clear, fun, and interesting.

If you run a business and want to learn how to administer more control over your organization, then this book may be for you. It is as effective as any Managerial Accounting text I've read and is actually a pretty fast read.

A caution about managerial accounting in general is that it attempts to control people and drive particular outcomes through incentives and basically measuring and incentivizing certain actions. Used appropriately and it can really translate strategy into execution very well. Too often, Managerial Accounting programs are rife with unintended consequences and employee disenfranchisement.

Overall, I recommend this book but use what you learn from it with caution.
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