Peer Review

Financial and Managerial Accounting

Material Detail page

Reviewed:: Jun 29, 2025 by Business

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Ratings

Overall Rating:

Content Quality:

Effectiveness:

Ease of Use:

Overview:

This Open Educational Resource textbook has been adapted from the following 2 OpenStax textbooks: OpenStax: Principles of Accounting, Volume 1: Financial Accounting OpenStax: Principles of Accounting, Volume 2: Managerial Accounting This text is provided to you as an Open Educational Resource (OER) which you access online. It is designed to give you a comprehensive introduction to accounting at no or very nominal cost. It contains both written and graphic text material, intra-text links to other internal material which may aid in understanding topics and concepts and extra-text links to videos and web material that clarifies and augments topics and concepts.

Type of Material:

Collection

Recommended Uses:

In class
Homework
Lectures

Technical Requirements:

Chrome, Edge

Identify Major Learning Goals:

Learn basic accounting principles
Learn business concepts
Learn accounting basics to further educational pursuits in accounting
This online Open Educational Resource (OER) textbook provides educators/students with a comprehensive interactive summary of Financial & Managerial Accounting concepts at a nominal cost.

Target Student Population:

College Lower Division, Financial and Managerial Accounting

College Upper Division, Financial and Managerial Accounting

Prerequisite Knowledge or Skills:

None

Content Quality

Rating:

Strengths:

This textbook discusses the “why” and not just the “how” of accounting concepts.
The textbook flows naturally and is very concise.
The textbook presents that the closing entries may be closed directly into the retained earnings, which is rarely mentioned in other textbooks.
The author provides the audience with a practical method of teaching financial and managerial accounting concepts.

Concerns:

Students who prefer traditional lecture method may have a problem with the OER and hence may require more teacher facilitation to max learning of content.

Potential Effectiveness as a Teaching Tool

Rating:

Strengths:

The accounting cycle is spread across several chapters, which makes it easier to teach because the instructor is not trying to force so much information on students in one chapter.
The graphics and charts are not complicated and easily understood.
The digital layout is very well organized and easy to use.
Teachers and students could learn a lot in a short time.

Concerns:

Students who prefer the traditional lecture method may have a problem with the OER and hence may require more teacher facilitation to maximize learning of content.

Ease of Use for Both Students and Faculty

Rating:

Strengths:

The ability to click on the learning objective when answering the homework questions is an excellent feature for the student.
The digital layout of the textbooks is very appealing and easy to use.
The “Thought Provokers” at the end of each chapter provide a good way to make students think about the material they have learned.
The author’s website and related educational OER in Financial and Managerial Accounting are professionally done.

Concerns:

My only concern in using the material is how easy it would be for students to answer the questions.
If the material can be added to an LMS, it might be possible to answer the questions as multiple-choice questions and short answers.

Other Issues and Comments:: These are good textbooks which present the material in easily understood explanations and examples.
Creative Commons: