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Management Accounting Demystified, by Leonard Eugene Berry
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Learn the essentials of management accounting in a flash!
This hands-on self-teaching guide covers the fundamentals of management accounting, including cost accounting, how to develop and use information for costing products and services, decision making, operational budgeting, performance evaluation, and other important subjects and provides an update on recent developments in the field. You will learn the key aspects of management accounting as they apply to both for-profit companies and nonprofits.
- Sales Rank: #894616 in Books
- Published on: 2005-12-14
- Released on: 2005-11-23
- Original language: English
- Number of items: 1
- Dimensions: 9.00" h x .88" w x 7.30" l, 1.32 pounds
- Binding: Paperback
- 352 pages
From the Back Cover
The fast and easy way to learn management accounting!
Now anyone can grasp the fundamentals of management accounting--without formal training, unlimited time, or a genius IQ. In Management Accounting Demystified, retired CPA and accounting professor Leonard Eugene Berry provides an effective, illuminating, and entertaining way to learn this complex subject.
This self-teaching guide first explains how and why management accounting is at the intersection of accounting information and decision-making. Then, you’ll get details on cost allocation systems, cost analysis, profit planning, operational budgeting, performance evaluations, and more. Featuring end-of-chapter quizzes and a final exam, this book will teach you the ins-and-outs of management accounting in no time at all.
Simple enough for a beginner, but challenging enough for an advanced student, Management Accounting Demystified is your shortcut to a working knowledge of this important business topic.
This hands-on, self-teaching text offers:
- An easy way to understand management accounting
- Hundreds of worked examples with solutions
- A quiz at the end of each chapter to reinforce learning and pinpoint weaknesses
- A final exam at the end of the book
- No unnecessary technical jargon
- A time-saving approach to performing better on an exam or at work!
About the Author
Leonard Eugene Berry, Ph.D., C.I.A., is Professor Emeritus and Director Emeritus in the School of Accountancy at Georgia State University. He is also a retired C.P.A.
Most helpful customer reviews
9 of 9 people found the following review helpful.
Unclear and confusing
By John Sharp
I am an information technology manager who came up through the technical ranks. I needed a book that would give me the unifying concepts to deal with budgets.
Unfortunately, this book is not clear. It is a jargon nightmare without the story that would give the terms some meaning.
1. The term "balance sheet" is first used on page 10. It is defined on page 24. The author introduces a number of other terms in the intervening pages.
2. The author makes a big deal about the difference between "cost" and "expense." His definitions are bewildering. Unexpired costs are costs. Expired costs are expenses. Whatever that means.
3. The author is sloppy about using terms interchangeably--"differential cost" and "incremental cost."
4. The author loses me when he talks about the "physical flow of costs." Can anyone visualize the place where costs flow physically?
5. The author fails to explain the difference between differential costs and opportunity costs. Differential costs make a comparison of different different means to a single end. I would have said buy or lease a car. Opportunity costs are a comparison of different things you can get for similar amounts of money. I would have said get a sports car or get a SUV.
The introduction says this book is intended for "Managers who have little or no knowledge of management accounting. . ." Not so.
Recommendation: Don't even consider this book unless you already understand all the terms used in management accounting.
9 of 9 people found the following review helpful.
Mystifies more often than not.
By Bhamster
Unfortunately, this book does not live up to its title. The author clearly knows his subject, but is a poor teacher. From the outset, synonymous terms are used interchangeably without warning or explanation. Example problems (such as identifying costs in a table in chapter 2) are too dissimilar to real problems that you are meant to work out (the terms in the table columns have been changed so that it isn't clear what cost definitions you are working with anymore). If anyone is using this book to get the basics of management accounting, he will find this book inconsistent, convoluded and difficult - unnecessarily. Better organization and a critical editor's eye would have made this a much better book.
0 of 0 people found the following review helpful.
Dont waste your time on this rubbish
By Adam Mohr
After reading the predecessor to this book financial accounting and seeing how terribly written it was and how confusing the author makes the subject matter I'm not even gonna both attempting to waste my time on this one.
I will go ahead and trust the poor reviews after skimming this book..As well as noting that everythign they stated about this book was true about the Finanacial accounting one. So I will assume this one is no different.
4 bucks wasted on a crap text.
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