Cambridge Business Publishers

Financial & Managerial Accounting for MBAs is managerially oriented and focuses on the most salient aspects of accounting. It teaches MBA students how to read, analyze, and interpret accounting data to make informed business decisions. This textbook makes accounting engaging, relevant, and contemporary. To that end, it consistently incorporates real company data, both in the body of each module and throughout assignment material.

The MBA curricula, instructor preferences, and course lengths vary across colleges. Accordingly and to the extent possible, the 23 modules that make up Financial & Managerial Accounting for MBAs were designed independently of one another. This modular presentation enables each college and instructor to “customize” the book to best fi t the needs of their students. Our introduction and discussion of financial statements constitute Modules 1, 2, and 3. Module 4 presents the analysis of financial statements with an emphasis on profitability analysis. Modules 5 through 10 highlight major financial accounting topics including assets, liabilities, equity, and off-balance-sheet financing. Module 11 explains adjusting and forecasting financial statements. Module 12 introduces simple valuation models. Module 13 concludes with a comprehensive case on Kimberly-Clark and acts as a capstone for the financial accounting portion of the course. Module 14 introduces managerial accounting and is followed by a discussion of cost behavior and cost estimation in Module 15. Module 16 explains cost-volume-profit analysis while Module 17 focuses on using relevant costs to make business decisions. Job and process costing are covered in a single module, Module 18, followed by Module 19 on the assignment of indirect costs. The remaining modules, 20 through 23, highlight managerial accounting topics ranging from operational budgets and variance analysis to segment reporting and product pricing.