Fundamentals of Managerial Accounting
Version 3.0
By Kurt Heisinger and Joe Ben Hoyle
Included Supplements
Key Features
- Each chapter starts with a realistic managerial scenario outlining an issue that must be addressed by the management accountant, followed by a modular chapter format built around learning objectives. Each learning objective includes:
- embedded author-recorded videos using examples directly from the text
- detailed descriptions of important concepts
- section summary aligned with learning objectives called “Key Takeaways”
- flashcards to help reinforce student learning
- quizzes to help students assess their knowledge
- active exercises with solutions called “Review Problems” which engage students in active learning and help them master key concepts, and
- extensive end-of-chapter questions, exercises, problems, and cases closely aligned with the material presented within each learning objective.
- Nearly 100 author-recorded video lessons directly tied to each section of the text enrich student learning and can be used for all class formats including online, hybrid, and in-class. To provide consistency, videos use examples directly from the text and are embedded at the beginning of each learning objective section.
- A question and answer approach is used throughout text to stimulate critical-thinking skills.
- Essential topics are covered while maintaining academic rigor using a concise and jargon-free approach.
- Author-written supplementary materials provide robust instructional support and include an instructor’s manual, solutions manual, test bank, quizzes embedded into the online reader version, flashcards, PowerPoint lecture slides, student working papers, and online homework questions.
- Hyperlinks to companies and organizations are provided throughout the text to engage students with real-world applications of the concepts presented.
- The extensive instructor manual provides effective guidance for instructors teaching online, in-class, or hybrid courses.
- A free homework system is included that grades questions, furnishes feedback to students and class statistics to instructors. Multiple versions of the same question are available to minimize student copying.
- Excel-based working papers customized for all end-of-chapter homework items are provided and can be completed in Excel or used as a template for hand-written homework.
- End-of-chapter assignments also include ethics cases, internet projects, group projects, real company analysis, and projects in Excel.
- The text is customizable.
Students
- Online Access Price
- $36.95
- Color Printed Textbook with Online Access Price
- $63.95
Fundamentals of Managerial Accounting is suitable for introductory managerial accounting courses taught at the undergraduate level at two- and four-year colleges and universities. It can also be used effectively with graduate-level courses that cover the fundamentals of managerial accounting.
Fundamentals of Managerial Accounting employs a clear and concise approach for students to learn the basics of key managerial accounting concepts. It also emphasizes the importance of understanding how managerial accounting fits into the larger picture of decision-making within organizations. Carefully developed to follow the standard scope and sequence of typical managerial accounting courses, this textbook encourages students to think like managers rather than to simply memorize concepts.
New in This Version
- Ethics cases throughout the text (e.g., Chapter 1 skill-building case 53; Chapter 2 skill-building case 40; Chapter 5 comprehensive case 51; Chapter 6 comprehensive case 63; Chapter 7 skill-building case 65)
- Updated Institute of Management Accountants (IMA) Statement of Ethical Professional Practice (Chapter 1, Table 1.2)
- New Business-in-Action vignettes and related end-of-chapter questions include:
- Fraud at engine manufacturing company (Business-in-Action 1.3)
- Efficient packaging at Amazon (Business-in-Action 3.4)
- Oil industry price per barrel break-even point (Business-in-Action 6.1)
- Outsourcing decision at Parallax (Business-in-Action 7.1)
- Store closing decision at Best Buy (Business-in-Action 7.2)
- Product line decision at Chevrolet (Business-in-Action 7.3)
- Tesla’s China production facility decision (Business-in-Action 8.1)
- Retailers budgeting for holiday product returns (Business-in-Action 9.1)
- Biggest advertising spenders and budgeting for advertising spending (Business-in-Action 9.2)
- Direct materials variance analysis and the impact of rising cocoa prices on chocolate producers (Business-in-Action 10.2)
- Direct labor variance analysis and automating fulfillment of online grocery orders at Walmart (Business-in-Action 10.3)
- Segmented income statement at Hewlett Packard (Business-in-Action 11.2)
- Internal performance measures at General Electric (Business-in-Action 11.3)
- Analyzing cash flows at Southwest Airlines (Business-in-Action 12.1)
- Comparing cash flows at Home Depot and Lowe’s (Business-in-Action 12.2)
- Dividend payments and stock repurchases at Apple (Business-in-Action 12.4)
- About the Authors
- Acknowledgments
- Dedication
- Preface
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Chapter 1: How Is Managerial Accounting Used to Help Organizations?
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Chapter 2: How Do Organizations Use Job Costing to Track Production Costs?
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Chapter 3: How Do Organizations Use Activity-Based Costing to Allocate Overhead Costs?
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Chapter 4: How Do Organizations Use Process Costing to Track Production Costs?
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Chapter 5: How Are Cost Behavior Patterns Used to Predict Costs?
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Chapter 6: How Is Cost-Volume-Profit Analysis Used to Make Decisions?
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Chapter 7: How Are Relevant Revenues and Costs Used to Make Short-Term Decisions?
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Chapter 8: How Is Capital Budgeting Used to Make Long-Term Decisions?
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Chapter 9: How Do Organizations Create and Analyze Operating Budgets?
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Chapter 10: How Is Cost Variance Analysis Used to Evaluate Performance?
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Chapter 11: How Are Responsibility Centers Used to Evaluate Performance?
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Chapter 12: How Is the Statement of Cash Flows Prepared and Used to Evaluate Performance?
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Chapter 13: How Do Managers Use Financial and Nonfinancial Performance Measures?
FlatWorld Homework
FlatWorld Homework includes multi-format questions written specifically for your FlatWorld book, which you can access through our stand-alone interface or integrate with your learning management system.
Instructor’s Manual
The Instructor’s Manual guides you through the main concepts of each chapter and important elements such as learning objectives, key terms, and key takeaways. Can include answers to chapter exercises, group activity suggestions, and discussion questions.
PowerPoint Lecture Notes
A PowerPoint presentation highlighting key learning objectives and the main concepts for each chapter are available for you to use in your classroom. You can either cut and paste sections or use the presentation as a whole.
Test Generator - powered by Cognero
FlatWorld has partnered with Cognero, a leading online assessment system, that allows you to create printable tests from FlatWorld provided content.
Test Bank Files for Import to Learning Management Systems
For your convenience, we've packaged our test items for easy import into Learning Management Systems like Blackboard, Brightspace/D2L, Canvas, Moodle, or Respondus.
Solutions Manual
For exercises that need a little more explanation, our Solutions Manual will take you step by step through solving the problem and offer explanations on the answer.
Test Item File
Need assistance in supplementing your quizzes and tests? Our test-item files (in Word format) contain many multiple-choice, fill-in-the-blank, and short-answer questions.
Sample Syllabi
Sample syllabi provide useful templates to help new faculty adopters revise their teaching plans to match their assigned FlatWorld textbook or lend insights to existing adopters on how to organize their classes.
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Working Papers
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Additions & Errata
Fall 2021
- Table 8.3 footnote ** now refers to Table 8.8 rather than Table 8.7
- Table 8.7 number shown for 10% and 7 periods is now 0.5132 rather than 0.5645
- Table 8.8: The number for 15% and period 4 is now 2.8550 rather than 2.2832
- Table 8.8: The number for 18% and period 18 is now 5.2732 rather than 5.2223