The business field generally is a more dynamic one and this equally applies to the area of accounting. As the businesses are shaping up to embrace and incorporate innovations of the 21st century in their operations, newly framed accounting principles and practices, which are relevant in the accounting profession, are surfacing. Accounting today is no practiced as it was practiced a hundred years ago. In this regard, modern managerial accounting learners, and other interested parties, need a book that encapsulates and reflects all the modern accounting principles. Managerial Accounting: An Asian Perspective 2nd Global Edition is a textbook that has been uniquely written and structured in a manner that meets the demands of the accounting profession. For students, it is much easier now to grasp the concepts easily and hence making studies productive.
Relevance is of primary importance in this textbook. It is for this reason that each chapter in the textbook is preceded by short stories that introduce the learners to the reality of what they are about to study. This is very important because any learner is interested in studying something he can practically apply in life outside the classroom. The short stories create an imagination in the mind of the students and this is helpful as it helps anybody reading that chapter to integrate whatever he is reading with the imagination of the real life experience imparted by the short opening story.
Clarity is often enhanced through reflection. This book is structured in a way that perfectly guarantees this phenomenon. For every chapter completed, there is a recap of what has been learned in the chapter. This gives anybody who has been reading that chapter an opportunity to identify with the main facts he has grasped in the chapter. The discussion material provided at the end of every chapter further develops the aspect of relevance by bringing practical situations in the context discussions. This boosts understanding of managerial accounting and widens the reader’s thinking capacity to yield the much needed creativity and innovation in the modern business contexts.
Think GlobalAccounting is naturally a complex field and this manifests in the learning process. However, this textbook has simplified the complexity by using framework-based methods. These methods are also graced by new techniques, which break down hard topics into manageable subtopics that are well detailed for anybody to understand. This includes use of simple language and numerous examples. The aim is to make every reader understand.
The book has seventeen chapters. Each chapter is well integrated between accounting and managerial principle to realize the goal of equipping every student with the right skill. Each chapter develops accounting principles from a managerial perspective. As you are reading the book, you will come across the in business boxes as well as in the government boxes. The ideas presented in these in boxes are analyzed on the lens of accounting in action from the managerial perspective. The skill acquired here helps the person reading chapters of this textbook to understand clearly how real-world business problems are solved using accounting concepts on a daily basis. Considering the dynamism depicted in operating modern businesses then this skill is irresistibly needed by managers and accountants to counter the imbalances introduced by the changing factors.
This book presents a wealth of knowledge to its users primarily because it has been co-authored by highly experienced professionals in finance and accounting fields. The Asia edition of this textbook is a collaborative work of the main series authors and two local authors. This aspect is very important in the development of the book because the textbook is structured in a way that guarantees relevance. Katherine Yuen and Nam San Cheng are all based in Asia and their inclusion in the writing of this book ensures that all aspects of the locality are included to help students in Asia identify with the real accounting principles that affect the dynamics of their economy.