![]() The overall subject of Managerial Accounting and the topics discussed within the text are as relevant as always. From my perspective, there is too much emphasis on payback and IRR in the Capital Budgeting chapter, as the student should be warned more strongly about the flaws of those techniques and the theoretical and practical superiority of Net Present Value. There is a material variance calculation where the total variance is incorrect, but the mistake is obvious and doesn't affect the general point. I didn't find any significant errors in the text. There is a useful glossary at the end of each chapter and, by being fully searchable, the book obviates the need for an index. I wish the appendix on Financial Statement Analysis became a regular chapter and that the discussion on Theory of Constraints included a review of Throughput Accounting. Beyond the material discussed in the text, there are consistent references to additional resources for the student to deepen her understanding or get a different perspective. Service costing and outsourcing are integrated with manufacturing and merchandising costing. The text covers all the usual topics in a Managerial Accounting(MA) course. Reviewed by Jorge Zazueta, Adjunct Faculty, American University on 1/19/21 ![]() Journalism, Media Studies & Communications.
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