Peer Review

Managerial Accounting Interactive Study Guide

Material Detail page

Reviewed:: Mar 30, 2021 by Business

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Ratings

Overall Rating:

Content Quality:

Effectiveness:

Ease of Use:

Overview:

This website contains a variety of managerial accounting topics for students to self-check their knowledge. The site is accessible for students with disabilities and is highly interactive. This material could be used by teachers to complete formative assessments. This website provides a list of practice questions in the area of Managerial Accounting. Students can select topics such as Cost Concepts, Job Costing and Financial Statement Analysis, and then answer a series of questions and receive immediate feedback along with the correct answer. There are over 200 questions available, all with the solutions provided along with explanations and suggestions for further study.

Type of Material:

Drill and Practice

Recommended Uses:

Individual, homework, self-study

Technical Requirements:

Web Browser, with Adobe Flash enabled. Used Microsoft Edge, version 44.

Identify Major Learning Goals:

Develop knowledge of managerial accounting.
Compare and contrast knowledge of various areas of managerial accounting.
Prepare for tests on managerial accounting topics.
Practice test questions for self-assessment

Target Student Population:

Business, Accounting, Finance

Undergraduate

Prerequisite Knowledge or Skills:

Knowledge of business accounting terms and introductory accounting would be helpful but not required.

Content Quality

Rating:

Strengths:

Well thought out questions provide excellent practice for beginning students in Management Accounting
Assessment questions are clear, concise and provide broad coverage of many topic areas in Management Accounting
Students can proceed self-paced through the questions, to determine areas they may need to study further
It is current and relevant and high self-contained.
Many different topics exist for students to develop their knowledge of managerial accounting and relationships among concepts

Concerns:

Links to the textbook source for the questions is provided, but no other material is contained on the website, only the questions, grouped by topic
Material is meant to be used alongside an introductory textbook in Management Accounting, to provide context, summarize concepts and demonstrate the accounting theory

Potential Effectiveness as a Teaching Tool

Rating:

Strengths:

Assessment questions build on prior topics in Management Accounting and reinforce concepts progressively
Questions could be used in a variety of education settings and would be easy to integrate into curriculum assignments in Management Accounting
Very effective teaching tool that can be used as a self-assessment, for students to test their knowledge or for the instructor to develop test/assessment materials
It has several learning objectives and helps the user identify missing prerequisite knowledge.
It reinforces concepts progressively and demonstrates relationships among managerial accounting concepts.
It could easily be integrated into curriculum assignments and is highly efficient.
Instructors could use it as a formative assessment tool.

Concerns:

No learning objectives are provided
The learning material does not identify prerequisite knowledge
The material does not demonstrate relationships between the various Management Accounting concepts presented
The questions cannot be used to measure student learning outcomes in an academic evaluation setting, as the solutions are provided; however, that is the main point of website is to provide a place for students to practice on their own, outside of the classroom

Ease of Use for Both Students and Faculty

Rating:

Strengths:

Assessment questions are clearly laid out by topic, covering the major areas of Management Accounting
Questions are easy to follow, with clear instructions, and meet accessibility requirements for any student with a web browser
The website is visually appealing, interactive, and of high design quality
I believe students would be attracted to the challenge of answering questions and receiving immediate feedback
The interactive nature of the assignment allows students to choose which concept they wish to study and is interactive.
The content is accessible by screen-reader programs.
The usability of this material is very high.

Concerns:

Would recommend assignment of this material alongside a textbook covering introductory Management/Cost Accounting, to provide context and exposure to the theory

Other Issues and Comments:: This website did not contain any ads or appear to be a commercial venture. The content was provided by accounting practitioners with the CPA firm Gauthier & Sugermeyer, of Ludlow, Massachusetts. Material has been adopted from the textbook Managerial Accounting licensed under Creative Commons by the Saylor Academy Open Textbook project.
Creative Commons: