About this Book:
**Introduction**
Theory and Problems of Managerial Accounting by Jae K. Shim and Joel G. Siegel is an essential guide for business students, especially those studying accounting and finance. It serves as a comprehensive resource that bridges the gap between theoretical knowledge and practical application. This book is part of the well-known Schaum’s Outlines series, which is famous for its problem-solving approach, making complex concepts easier to grasp. The authors have designed this book to help students not only understand the basics of managerial accounting but also prepare them for exams like the CPA (Certified Public Accountant) and CMA (Certified Management Accountant).
Description:
This book covers a wide range of topics essential for managerial accounting, such as cost behavior, break-even analysis, budgeting, and decision-making. Each chapter begins with clear definitions and explanations of accounting terms, followed by worked-out examples that demonstrate how these concepts are applied in real-world situations. The highlight of this book is the numerous solved problems that reinforce the theoretical concepts. These problems are designed to challenge students' understanding while helping them apply the knowledge they've gained. Additionally, the book includes comprehensive examinations that allow students to test their grasp on the material, which is a useful tool for self-assessment and exam preparation.
Managerial accounting is a dynamic field, and this book reflects the latest trends and changes in the industry. It helps students understand how to use accounting data for internal planning, controlling, and decision-making within an organization. Through real-life examples and problems taken from actual CPA and CMA exams, students can see how managerial accounting principles are applied in professional settings.
Summary:
*Theory and Problems of Managerial Accounting* is an invaluable study tool for both accounting and non-accounting students. The book’s problem-solving approach ensures that students not only memorize the concepts but also learn how to apply them in various business scenarios. Whether you’re preparing for a professional certification or simply want to deepen your understanding of managerial accounting, this book is structured to provide the necessary knowledge and practice.
The topics range from the fundamentals of management accounting, such as cost classification and financial reporting, to more advanced subjects like capital budgeting and performance evaluation. Its easy-to-understand language makes it accessible even for those who do not have a strong background in accounting, while its thorough coverage ensures that it is useful for more advanced learners as well.
**About the Authors**
Dr. Jae K. Shim is a professor of Business Administration at California State University, Long Beach. He earned his MBA and PhD from the University of California, Berkeley. With over 40 publications in prestigious journals covering accounting, finance, and economics, Dr. Shim is a well-respected figure in his field. He has co-authored several books in the Schaum’s Outlines series, including *Financial Accounting* and *Managerial Finance*.
Dr. Joel G. Siegel, a professor at Queens College, City University of New York, holds a PhD in accounting and is a Certified Public Accountant (CPA). With experience as a staff accountant at Coopers & Lybrand, Dr. Siegel has extensive knowledge in both the academic and professional worlds of accounting. He has also authored numerous books and articles on business and financial analysis.
0 Comments