Management accounting is an essential tool that enhances a manager’s ability to make effective economic decisions. Because understanding concepts is more important than memorizing techniques, Introduction to Management Accounting, 17th edition, describes both theory and practice so students understand how to produce and apply information that’s useful in day-to-day decision making. From the first chapter, we encourage students to think about the advantages and disadvantages of various techniques, not to simply memorize and apply the techniques.
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