Selecting a textbook for use in introductory accounting courses can be a challenging task for faculty. Many criteria may be considered in such decisions, including a textbook's readability level. Using a widely-used readability index, this study analyzes the readability of seven introductory financial and managerial accounting texts. T-tests are performed to determine whether significant differences exist between the textbooks. The study finds that one text is clearly more readable than all of the others. Another text is less readable than almost all of the other texts. These findings can be useful to adopters and editors of introductory financial and managerial accounting textbooks.
Many purists would object to calling higher education a business, but would consider it more of a social institution. This article is predicated on the assertion that universities will increasingly face economic issues similar to private businesses. Therefore, managerial accounting concepts, such as cost and revenue allocation, should be more widely used by institutions of higher education. This article explains the subsidies existing among the various academic units with an example of cost allocations and the resultant net profit or loss by discipline. Government financial managers should see many implications for their profession. First, the importance of their role in university environments, and probably many other governmental units with similar challenges, can only continue to inc...
Viewing managerial accounting from the perspective of the banking industry provides a unique opportunity to explore the development of the internal reporting structure. As more banks fail, and as others are merged with larger banks, the key to survival will be reliable internal performance measures that signal problem areas and allow management to react swiftly and assuredly. The phases of bank profitability reporting are: 1. responsibility and profit center reporting, 2. product profitability reporting, and 3. customer profitability reporting. The reliability of the information depends on the integrity and consistency of the costing methods used. An internal costing system that does not reconcile to the bank's financial reporting system provides no basis for evaluating performance and ...
Will implementation of GASB Statement 34 induce the adoption of cost-accounting models in local governments? The authors address that question based on the findings of a national survey of local and county finance officers. Findings suggest that while finance officials recognize that GASB 34 will prompt greater accuracy and transparency in financial reporting, it may not serve to propagate greater utilization of activity-based costing (ABC) or its derivatives. Possible explanations may include feared impacts of increased cost accounting transparency as well as limited perceived payoff for investments in ABC-related tools. The authors acknowledge that this is a baseline "read" of attitudes; continued experience under GASB 34 may crystallize attitudes and lend greater support for future i...
This paper offers a hands-on approach to teaching job order costing in introductory managerial accounting or in cost accounting. It is motivated by the belief that students would have a better appreciation of how goods and costs flow in a manufacturing firm through an experiential learning exercise as opposed to passive learning methods such as reading a text description or listening to a lecture. The exercise involves the simulated manufacture of a table from the purchase of raw materials through the sale of the finished product. Cost accumulation is illustrated using both actual and normal costing systems.
Two developments have influenced recent evolution in cost/managerial accounting literature. The first issue, suggested by Robin Cooper and Robert Kaplan, emphasizes the distinction between the cost of available, or supplied, resources and the cost of used resources. It is argued that the difference between the cost of available resources and those used should not be allocated to the units produced but written off separately as a loss. Most traditional cost/managerial accounting textbooks, however, do not generate the cost of unused resources. The other issue brings accounting terminology in line with today's business environment. Assembly labor in today's business environment, however, is often acquired before it is used, in which case these direct labor costs are really not avoidable o...
The US Department of Labor is meeting the future with a true paradigm shift beyond the traditional transaction-oriented activities that have characterized institutional financial management. The new approach envisions technology and smarter business practices transforming the role of financial management into a more significant component of decision-making. Managerial cost accounting (MCA) is one successful component of this new philosophy. Putting MCA into practice in a federal setting requires a strong sense of purpose, diligence and perseverance to overcome inherent skepticism that greets any new method of conducting business. Labor overcame resistance to change through L-O-V-E: leadership, ownership, value and effectiveness. The MCA tool, Cost Analysis Manager, or CAM, brought relev...
During their college experience, students are exposed to facts and theories in many different subject areas. By the time they graduate, students are expected to have developed critical thinking skills. They should be able to apply what was learned in the classroom to real life situations and be able to effectively communicate their analysis and conclusions. This case is derived from an actual situation occurring between the federal government and York County, Pennsylvania in 2003, as described on National Public Radio's Morning Edition. The case requires students to assume the role of a consultant to York County. They need to identify the conflict, consider relevant theories, analyze the situation from both parties perspectives, and suggest a reasonable solution to the conflict.
Accounting and disclosure scandals unfortunately have become part of the business landscape in recent years. We investigate potential antecedents of this phenomenon by developing a framework examining the effects of employment capital and board control on the likelihood of misleading disclosures. Our findings show that executives of high-return firms seem motivated to protect their employment capital by issuing misleading disclosures to give the appearance of continuing high performance. We also identify structural antecedents rooted in the power of the CEO and the board, with CEO equity ownership bearing a U-shaped relationship with the issuance of misleading disclosures and board tenure exerting a moderating influence that appears to be effective primarily in high-return firms. We con...
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