Welcome to Financial & Managerial Accounting for MBAs. Our main goal in writing this book was to satisfy the needs of today�s business manager by creating a contemporary, engaging, and user-oriented textbook. This book is the product of extensive market research including focus groups, market surveys, class tests, manuscript reviews, and interviews with faculty from across the country. We are grateful to the students and faculty who provided us with useful feedback during the preparation of this book.
TARGET AUDIENCE

Financial & Managerial Accounting for MBAs is intended for use in full-time, part-time, executive, and evening MBA programs that include a combined financial and managerial accounting course as part of the curriculum, and one in which managerial decision making and analysis are emphasized. This book easily accommodates mini-courses lasting several days as well as extended courses lasting a full semester.
INNOVATIVE APPROACH

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.
FLEXIBLE STRUCTURE

The MBA curricula, instructor preferences, and course lengths vary across colleges. Accordingly and to the extent possible, the 24 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 fit 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 forecasting financial statements and Module 12 introduces simple valuation models. Module 13 introduces managerial accounting and is followed by a discussion of cost behavior and cost estimation in Module 14. Module 15 explains cost-volume-profit analysis while Module 16 focuses on using relevant costs to make business decisions. Job and process costing are covered in a single module, Module 17, followed by activity based costing in Module 18 and the assignment of indirect costs in Module 19. The remaining modules, 20 through 24, highlight managerial accounting topics ranging from operational budgets and variance analysis to segment reporting, product pricing, and capital budgeting. At the end of the book, we include several useful resources. Appendix A contains Compound Interest tables. Appendix B details the process for preparing and analyzing the Statement of Cash Flow. Appendix C is an illustrative case that applies the techniques described in the financial accounting modules (1�12) to an actual company, Kimberly-Clark. Appendix D is a chart of accounts used in the book.