Peer Review

Accounting for Managers

Material Detail page

Reviewed:: May 19, 2025 by Business

Bookmark

Ratings

Overall Rating:

Content Quality:

Effectiveness:

Ease of Use:

Overview:

Managerial accounting focuses on internal users—executives, product managers, sales managers, and any other personnel within the organization who use accounting information to make important decisions. Managerial accounting information need not conform with U.S. GAAP. In fact, conformance with U.S. GAAP may be a deterrent to getting useful information for internal decision-making purposes. For example, when establishing an inventory cost for one or more units of product (each jersey or hat produced at Sportswear Company), U.S. GAAP requires that production overhead costs, such as factory rent and factory utility costs, be included. However, for internal decision-making purposes, it might make more sense to include nonproduction costs that are directly linked to the product, such as sales commissions or administrative costs.

Type of Material:

Open (Access) Textbook

Recommended Uses:

Could be used as a textbook
Could be used for lectures
Could be used for homework
Could be used for individual work

Technical Requirements:

Used Microsoft Edge

Identify Major Learning Goals:

The student will learn topics related to managerial accounting topics.
The student will gain practical knowledge of managerial accounting concepts.
The student will discuss cost accounting and activity-based costing.
The student will describe how cost-volume-profit analysis helps managers.
The student will develop budgets used by managers.
The student will explain how managers use accounting for business decision-making.

Target Student Population:

Managerial accounting classes
Part of an accounting major curriculum

Prerequisite Knowledge or Skills:

Financial Accounting

Content Quality

Rating:

Strengths:

The topics are very relevant and laid out well.
Each chapter title is in the form of a question, which should initiate curiosity from students.
The question-and-answer format offers immediate clarification to the presented material.
The book explains many fundamental concepts in managerial accounting.
The concepts are connected to financial accounting to help students extend their knowledge and connect financial and managerial accounting.

Concerns:

Some questions posed do not reflect the content presented and could not reasonably be answered by students after reading the section.
The content contains definitions but does not state the terms connected with the definitions as shown.
There is an error in calculating the predetermined overhead rate formula in section 2.4. This will confuse students.

Potential Effectiveness as a Teaching Tool

Rating:

Strengths:

This digital book flows very well.
The book’s appearance is very appealing.
Each chapter’s title asks a question which should stimulate students to think about the material before reading the chapter.
Learning objectives and prerequisites are clearly identified, and concepts are reinforced progressively.
It demonstrates relationships among managerial accounts concepts.
The layout is easy to follow and could be integrated well into the course curriculum.

Concerns:

None

Ease of Use for Both Students and Faculty

Rating:

Strengths:

This book has a very appealing layout.
Chapters are laid out as modules that students enter, which feels like students are completing modules rather than chapters.
The book asks many questions and then defines those questions through the use of the chapter material.
Charts and diagrams are very clear, and the graphics are easy to read.
This site is very easy to use and navigate.
It is highly accessible, although it does not use heading levels appropriately. It is interactive and of high design quality.
It is visually appealing.

This site is very easy to use and navigate. It is highly accessible, although it does not use heading levels appropriately. It is interactive and of high design quality. It is visually appealing.

Other Issues and Comments:: I really enjoyed this book. I found it very easy read and understand. I really liked the use of questions to introduce topics. That approach should help students think about the topic before they begin studying the topic.
Creative Commons: