The enhanced instructional value of focus companies comes from the way they engage MBA students in real analysis and interpretation. To that end, each module incorporates a “focus company” for special emphasis and demonstration. In the financial accounting portion of the book, each module ’s content is explained through the accounting and reporting activities of real companies. Innovative Pedagogy Focus Companies for Each Module This template is instructive as it reveals theįinancial impacts of transactions, and it provides insights into the e f fects of accounting choices. Transaction (denoted by the arrow line from net income to earned capital). The earned capital account is immediately updated to reflect any income or loss arising from each Statement of cash flow e f fects (via the cash column) and the statement of stockholders’ equity e f fects (via the contributed capital and earnedĬapital columns). Then, the dollar amounts (positive or negative) of the financial statement e f fects are recorded Each transaction is identified in the “ T ransaction” column. This analytical tool is a great resource for MBA students in learning accounting and applying it to their future courses and careers. Of transactions and their impact on all key financial statements. Statement effects template when relevant to train MBA students in understanding the economic ramifications In the financial accounting modules, we incorporate the following financial This book highlights reporting, analysis, Appendix C can be used as a guide, in conjunction with the module-end project questions, by studentsĪ s MBA instructors, we recognize that the core MBA accounting course is not directed toward accounting majors.įinancia l & Managerial Accounting for MBAs embraces this realit y. Appendix C is an illustrative case that applies the techniques described in Modules 1 through 13 to an actual compan y, Harley-Davidson. Appendix B is a chart of accounts used in the book. Appendix A contains compound interest tables and formulas. At the end of the book, we include several useful resources. The remaining modules, 21 through 25, highlight managerial accounting topics ranging from operational budgets and variance analysis to segment reporting, product pricing, and capital budgeting. Job and process costing are covered inĪ single module, Module 18, followed by activity-based costing in Module 19 and the assignment of indirect costs in Module 20. Module 16 explains cost-volume-profit analysis while Module 17 focuses on using relevant costs to make business decisions. Module 14 introduces managerial accounting and is followed by a discussion of cost behavior and cost estimation in Module 15. Like the rest of the book, the project is independent across the various modules. At the end of each financial accounting module (Modules 1 through 13), we present an ongoing analysis project that can be used as a guide for an independent project. Module 12Įxplains forecasting financial statements, and Module 13 introduces simple valuation models. Module 11 details the process for preparing and analyzing the statement of cash flo w. Modules 5 through 10 highlight major financial accounting topics including assets, liabilities, equit y, and o ff-balance-sheet financing. Statements with an emphasis on profitability analysis. Module 4 presents the analysis of financial Our introduction and discussion of financial statements constitute Modules 1, 2, and 3. This modular presentation enables each college and instructor to “customize” the book to best fit the needs of their students. Accordingly and to the extent possible, the 25 modules that make up Financial & Managerial Accounting for MBAs were designed independently of one anothe r. The MBA curricula, instructor preferences, and course lengths vary across colleges. To that end, it consistently incorporates real companyĭata, both in the body of each module and throughout assignment material. This textbook makes accounting engaging, relevant, and contemporary. It teaches MBA students how to read, analyze, and interpret accounting data to make informed business decisions. Financial & Managerial Accounting for MBAs is managerially oriented and focuses on the most salient aspects of accounting.
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