Management Accounting Demystified

I got this to prep for my class next semester. I have browsed through this and it looks great. I failed the class lats time I took it because the text book has terrible explanations. This book is published by the same company that makes my text book but this is presented in a much more understandable way. I wish I had this for a text book.

this book help me alot with my accounting studies with alot of practise paper and guideline along to let me understand

I'm a bit disappointed with this book,I have had good expreriences with Demystified books before but this on was disapointing, some chapters do not flow well and explanations are not clear enough, I like to buy books like Demystified series in order to have a complement with other textbooks which generally fail to explain things in a simple and objective way, however this book also fail that aim of simplicity. Whilst some chapters flow well some don't, so overall I'm dissatisfied with this book.

After reading the predecessor to this book financial accounting and seeing how terribly written it was and how confusing the author makes the subject matter I'm not even gonna both attempting to waste my time on this one.I will go ahead and trust the poor reviews after skimming this book..As well as noting that everythign they stated about this book was true about the Finanacial accounting one. So I will assume this one is no different.4 bucks wasted on a crap text.

I have just read the different opinions other users have on the book. Some I agree, some I don't. Fortunately that is why there are options and choices can be made.I just finished my MBA Management Accounting class and this book was EXCELENT for my purposes. I hold and Electronic Engineering Degree, an Industrial Engineering Master and actually taking an MBA and let me tell you that this book made it very clear and enjoyable to read for me. I could understand concepts from the very basics to the practical applications. Actually I managed it to get an A on a not easy course on a not easy university.Yes, there are typos, but, in the big picture, I was looking for the understanding of concepts, not the 2+2=4. If I find these errors, best approach is to tell the author so it can get corrected. It takes a lot of initiative to create things and very little to destroy. We want to be part of solutions and new things need friends. That energy to oppose and dismiss things should be applied to destructive or misleading items and actions, otherwise, we should be proactive and expose our honest opinions, always respectful of others.I encourage the author to "keep it simple". Work on the correction of typos as they are reported to you. I just liked very much the simple wording used to pass on the ideas and concepts. This is the kind of books, we the "non-accountants" need to translate in simple terms what the accountants try to say through complex wording. I very much look forward for the next edition and next new things.Just to make it clear, my understanding of the objective of this book is to open the doors for you to go on your own as deep as you want with other books by having with you the very basics clearly defined here. Best Regards.

I am an information technology manager who came up through the technical ranks. I needed a book that would give me the unifying concepts to deal with budgets.Unfortunately, this book is not clear. It is a jargon nightmare without the story that would give the terms some meaning.1. The term "balance sheet" is first used on page 10. It is defined on page 24. The author introduces a number of other terms in the intervening pages.2. The author makes a big deal about the difference between "cost" and "expense." His definitions are bewildering. Unexpired costs are costs. Expired costs are expenses. Whatever that means.3. The author is sloppy about using terms interchangeably--"differential cost" and "incremental cost."4. The author loses me when he talks about the "physical flow of costs." Can anyone visualize the place where costs flow physically?5. The author fails to explain the difference between differential costs and opportunity costs. Differential costs make a comparison of different different means to a single end. I would have said buy or lease a car. Opportunity costs are a comparison of different things you can get for similar amounts of money. I would have said get a sports car or get a SUV.The introduction says this book is intended for "Managers who have little or no knowledge of management accounting. . ." Not so.Recommendation: Don't even consider this book unless you already understand all the terms used in management accounting.

Unfortunately, this book does not live up to its title. The author clearly knows his subject, but is a poor teacher. From the outset, synonymous terms are used interchangeably without warning or explanation. Example problems (such as identifying costs in a table in chapter 2) are too dissimilar to real problems that you are meant to work out (the terms in the table columns have been changed so that it isn't clear what cost definitions you are working with anymore). If anyone is using this book to get the basics of management accounting, he will find this book inconsistent, convoluded and difficult - unnecessarily. Better organization and a critical editor's eye would have made this a much better book.