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Peer Review

Managerial Accounting - Chapter 2: Cost Concepts

by Susan Crosson


Overall Numeric Rating:

4.75 stars
Content Quality: 5 stars
Effectiveness: 5 stars
Ease of Use: 4.75 stars
Reviewed: Oct 15, 2008 by Business Editorial Board
Overview: This module consists of 8 You Tube videos that coincides with the Crosson and Needles Managerial Accounting textbook. The titles and duration of the videos are: 1) Terms (5:05), 2) Income Statement (4:29), 3) Manufacturing Income Statement (4:40), 4) Three Manufacturing Inventories (4:50), 5) Work in Process & Overhead (5:17), 6) Overhead 3 Approaches (5:22), 7) Overhead 4 Steps to Success (5:29), and 8) Overhead - Traditional and ABC (5:12).
Type of Material: Lecture/presentation
Recommended Uses: In class demonstration or individual review as homework
Technical Requirements: FireFox browser recommended. Video player, Ipod
Identify Major Learning Goals: To learn cost concepts and cost allocation in managerial accounting including manufacturing inventories, work in process, overhead, as well as traditional and activity based costing.
Target Student Population: High school and undergraduate college students completing the first course in managerial accounting.
Prerequisite Knowledge or Skills: None

Evaluation and Observation

Content Quality

Rating: 5 stars
Strengths: Video #1 is an excellent introduction and the remainder of videos (2-8) build on the prior video with excellent continuity. Content within each video is clearly and concisely presented, containing just enough information to keep the user interested. Content is accurate, current, relevant and informed by scholarship. Concepts are integrated from video to video where applicable. The author summarizes the major concepts presented in each video as well.
Concerns: None

Potential Effectiveness as a Teaching Tool

Rating: 5 stars
Strengths: This module is both good for a beginner in managerial accounting, and it would be useful as a refresher for someone who took the course many years earlier. The presenter uses excellent analogies to which students can relate and provides good examples throughout. The purpose of each video is expressly stated at its beginning. The presenter asks rhetorical questions to add interest. Concepts are reinforced progressively building an prior concepts and demonstrating the relationship between them. This module is an excllent and effective teaching tool.
Concerns: None

Ease of Use for Both Students and Faculty

Rating: 4.75 stars
Strengths: The videos are easy to use. The presenter uses a flip chart and markers in place of a blackboard. Vocal inflections are excellent to keep one’s attention. Each presentation has been carefully crafted and uses an appropriate vocabulary given the target audience. Users can pause and resume a presentation or rewind to replay a few seconds. Videos can be displayed full screen by clicking on the icon in the lower right corner of the video frame.
Concerns: No instructions present, but navigation is intuitive. Once the video concludes, a link to the next one in the sequence isn’t always present. The easiest way to move to the next video is to return to the playlist via the browser back button. Sound quality is not the best, but it is adequate to present the information. Static noise may be present.

Other Issues and Comments: Videos are no longer than 5.5 minutes, which is excellent way to keep a student’s interest.

Creative Commons:
Creative Commons License
This work is licensed under a Attribution-NonCommercial-NoDerivs 3.0 United States