Every day we make numerical assessments, having to analyze, identify, interpret and measure an array of possibilities. From our bank accounts to our grades, we reconcile our interaction with numbers on a near-daily basis and plan for our future accordingly. For example, when we budget for our monthly groceries, we can factor in the costs of buying ready-made meals versus buying all the separate ingredients and making the meal from scratch. Even though the initial costs of buying ingredients may be more expensive, the cost is lower when used over a month than buying the same amount of pre-made meals. When we work in accounting, we apply the same principles, factoring all relevant elements into our decision-making.
While our students will learn management accounting on an organizational level, our essential transaction as business educators is to help illuminate the practical application of numbers, values, and forecasting. Analyzing costs builds confidence that can be applied and measured daily, a tangible skill beneficial to everyone.
Instructor Resources
- PowerPoint slides for each chapter
- Online test bank with Excel-based self-marking questions
- Solution manual for end of chapters questions
- Simulation game