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Cover of Fundamentals of Managerial Accounting v3.0
Published: 
April 2021
Page Count: 
842
ISBN (Digital): 
978-1-4533-9942-2

Fundamentals of Managerial Accounting

Version 3.0
By Kurt Heisinger and Joe Ben Hoyle
Homework system included

This book is available with FlatWorld's Homework System at no additional cost to your students. Learn more

Key Features

  • Each chapter starts with a realistic managerial scenario outlining an issue that must be addressed by the management accountant, followed by a modular chapter format built around learning objectives. Each learning objective includes:
    • embedded author-recorded videos using examples directly from the text
    • detailed descriptions of important concepts
    • section summary aligned with learning objectives called “Key Takeaways”
    • flashcards to help reinforce student learning
    • quizzes to help students assess their knowledge
    • active exercises with solutions called “Review Problems” which engage students in active learning and help them master key concepts, and
    • extensive end-of-chapter questions, exercises, problems, and cases closely aligned with the material presented within each learning objective.
  • Nearly 100 author-recorded video lessons directly tied to each section of the text enrich student learning and can be used for all class formats including online, hybrid, and in-class. To provide consistency, videos use examples directly from the text and are embedded at the beginning of each learning objective section.
  • A question and answer approach is used throughout text to stimulate critical-thinking skills.  
  • Essential topics are covered while maintaining academic rigor using a concise and jargon-free approach.
  • Author-written supplementary materials provide robust instructional support and include an instructor’s manual, solutions manual, test bank, quizzes embedded into the online reader version, flashcards, PowerPoint lecture slides, student working papers, and online homework questions.
  • Hyperlinks to companies and organizations are provided throughout the text to engage students with real-world applications of the concepts presented.
  • The extensive instructor manual provides effective guidance for instructors teaching online, in-class, or hybrid courses.
  • A free homework system is included that grades questions, furnishes feedback to students and class statistics to instructors. Multiple versions of the same question are available to minimize student copying.
  • Excel-based working papers customized for all end-of-chapter homework items are provided and can be completed in Excel or used as a template for hand-written homework.  
  • End-of-chapter assignments also include ethics cases, internet projects, group projects, real company analysis, and projects in Excel.
  • The text is customizable.

Educators

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Students

Online Access Price:  $34.95 Color Printed Textbook with Online Access Price:  $59.95 Access Pass Required: Silver
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Fundamentals of Managerial Accounting is suitable for introductory managerial accounting courses taught at the undergraduate level at two- and four-year colleges and universities. It can also be used effectively with graduate-level courses that cover the fundamentals of managerial accounting. 

Fundamentals of Managerial Accounting employs a clear and concise approach for students to learn the basics of key managerial accounting concepts. It also emphasizes the importance of understanding how managerial accounting fits into the larger picture of decision-making within organizations. Carefully developed to follow the standard scope and sequence of typical managerial accounting courses, this textbook encourages students to think like managers rather than to simply memorize concepts.  

New in This Version

  • Ethics cases throughout the text (e.g., Chapter 1 skill-building case 53; Chapter 2 skill-building case 40; Chapter 5 comprehensive case 51; Chapter 6 comprehensive case 63; Chapter 7 skill-building case 65)
  • Updated Institute of Management Accountants (IMA) Statement of Ethical Professional Practice (Chapter 1, Table 1.2)
  • New Business-in-Action vignettes and related end-of-chapter questions include:
    • Fraud at engine manufacturing company (Business-in-Action 1.3)
    • Efficient packaging at Amazon (Business-in-Action 3.4)
    • Oil industry price per barrel break-even point (Business-in-Action 6.1)
    • Outsourcing decision at Parallax (Business-in-Action 7.1)
    • Store closing decision at Best Buy (Business-in-Action 7.2)
    • Product line decision at Chevrolet (Business-in-Action 7.3)
    • Tesla’s China production facility decision (Business-in-Action 8.1)
    • Retailers budgeting for holiday product returns (Business-in-Action 9.1)
    • Biggest advertising spenders and budgeting for advertising spending (Business-in-Action 9.2)
    • Direct materials variance analysis and the impact of rising cocoa prices on chocolate producers (Business-in-Action 10.2)
    • Direct labor variance analysis and automating fulfillment of online grocery orders at Walmart (Business-in-Action 10.3)
    • Segmented income statement at Hewlett Packard (Business-in-Action 11.2)
    • Internal performance measures at General Electric (Business-in-Action 11.3)
    • Analyzing cash flows at Southwest Airlines (Business-in-Action 12.1)
    • Comparing cash flows at Home Depot and Lowe’s (Business-in-Action 12.2)
    • Dividend payments and stock repurchases at Apple (Business-in-Action 12.4)
FlatWorld Homework System

FlatWorld Homework

FlatWorld Homework includes multi-format questions written specifically for your FlatWorld book, which you can access through our stand-alone interface or integrate with your learning management system.

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Instructor’s Manual

Instructor’s Manual

The Instructor’s Manual guides you through the main concepts of each chapter and important elements such as learning objectives, key terms, and key takeaways. Can include answers to chapter exercises, group activity suggestions, and discussion questions.

Instructor’s Manual

PowerPoint Lecture Notes

PowerPoint Lecture Notes

A PowerPoint presentation highlighting key learning objectives and the main concepts for each chapter are available for you to use in your classroom. You can either cut and paste sections or use the presentation as a whole.

PowerPoint Lecture Notes

Test Generator - powered by Cognero

Test Generator - powered by Cognero

FlatWorld has partnered with Cognero, a leading online assessment system, that allows you to create printable tests from FlatWorld provided content.

Test Bank Files for Import to Learning Management Systems

Test Bank Files for Import to Learning Management Systems

For your convenience, we've packaged our test items for easy import into Learning Management Systems like Blackboard, Brightspace/D2L, Canvas, Moodle, or Respondus.

Solutions Manual

Solutions Manual

For exercises that need a little more explanation, our Solutions Manual will take you step by step through solving the problem and offer explanations on the answer.

Solutions Manual

Test Item File

Test Item File

Need assistance in supplementing your quizzes and tests? Our test-item files (in Word format) contain many multiple-choice, fill-in-the-blank, and short-answer questions.

Sample Syllabi

Sample Syllabi

Sample syllabi provide useful templates to help new faculty adopters revise their teaching plans to match their assigned FlatWorld textbook or lend insights to existing adopters on how to organize their classes.

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Other Supplements

Other Supplements

Working Papers

At FlatWorld, we take pride in providing a range of high-quality supplements alongside our titles, to help instructors teach effectively. Supplements are available for instructors who have registered their adoption with us. If you need to review or preview something specific, please contact us.


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Kurt Heisinger Sierra College

Kurt Heisinger (CMA, CPA, MBA) teaches financial and managerial accounting full time and holds a tenured position at Sierra College. He recently received the Faculty of the Year award, which was voted on and presented by the Associated Students of Sierra College. Kurt has also taught accounting classes at the University of California at Davis, Sacramento City College, and American River College.

Kurt began his career in public accounting with Ernst & Young and continued as a manager of a large local accounting firm in Northern California. He received his MBA at the University of California at Davis and is a certified management accountant (CMA) and certified public accountant (CPA). The knowledge Kurt gained from his seven years in industry and more than twenty years in education has enabled him to write a clear and concise book aimed at students with a variety of backgrounds.

Joe Ben Hoyle University of Richmond

Joe Hoyle is an associate professor of accounting at the Robins School of Business at the University of Richmond. In 2006, he was named by BusinessWeek as one of 26 favorite undergraduate business professors in the United States. In 2007, he was selected as the Virginia Professor of the Year by the Carnegie Foundation for the Advancement of Teaching and the Council for the Advancement and Support of Education. In 2009, he was judged to be one of the 100 most influential members of the accounting profession by Accounting Today. In 2015, he was the inaugural recipient of the J. Michael and Mary Anne Cook Prize, recognized for consistently demonstrating the attributes of a superior teacher in the accounting discipline at an undergraduate level. Hoyle earned his BA degree in accounting from Duke University and his MA degree in business and economics, with a minor in education, from Appalachian State University. Hoyle also has three decades of experience operating his own CPA (Certified Public Accountant) Exam review programs. In 2008, he created CPA Review for Free (http://www.CPAreviewforFREE.com), which provides thousands of free questions to help accountants around the world prepare for the CPA Exam.
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