WHAT'S NEW THIS EDITION?

Revisions for Fundamental Managerial Accounting Concepts are in response to extensive feedback from instructors and students. Through formal reviews, instructor and student suggestions, and focus groups, we have responded with constructive changes. Detailed revisions are summarized below. However, there are two significant features.

Comprehensive Problem to Integrate Concepts Across Chapters
Chapters 1 through 12 include a comprehensive problem designed to integrate concepts across chapters. Students often fail to understand the interrelationships between various accounting concepts because they fail to distinguish between new concepts and new contexts. By studying a problem series with the same company facing different accounting issues, students can focus on particular accounting concepts without the distraction of a new setting for each concept.

User-Friendly Writing Style
Every chapter of the text has been rewritten in an easy to read and comprehend writing style. Many students are not habitual or skilled readers. If complex concepts are not described in concrete terms with familiar vocabulary, students will sometimes give up and not read the textbook at all.

Overall revisions

• The presentation of material has been simplified.
• The text has been thoroughly updated to include all relevant changes in authoritative pronouncements.
• A logo representing the focus company of each chapter has been included to add realism to these fictitious companies.
• Real companies are highlighted in blue.
• The exercises and problems have been thoroughly revised.
• All real world data have been updated to reflect information contained in the companies' most recent annual reports.
• There is an ethics case in the Analyze, Think, Communicate section of the end-of-chapter materials for each chapter