Managerial Accounting 5th Edition

A Note to Students…

Dear Students of Managerial Accounting,

Managerial Accounting is concerned with using information to effectively plan and control operations and make good business decisions. And the overall objective of this book is to provide you with the concepts and tools needed in planning, control, and decision making. I've taught Managerial Accounting for many years and my former students, many of whom are in senior executive positions, tell me that they've used these concepts and tools throughout their business careers. So trust me, work hard in this course and you will reap major benefits!

In approaching the course, realize that you need to take personal responsibility for your success. Of course your instructor will help you understand the material, but you're the one who must make time to read the material before class and complete all assigned problems and cases. I recommend that you take a three-step approach to the study of each chapter in Managerial Accounting:

• First, skim the chapter for a quick overview.
• Second, read the chapter carefully and pay particular attention to the illustrations. When you're finished, make sure you understand each of the learning objectives.
• Third, enhance and test your knowledge using the materials on the companion Web site for the book.

If at all possible, you should also form a study group with one or two of your classmates. You'll learn a lot from each other, and going over the homework together may actually be fun!

With my best ...