Preparing Students for the Real World
The gap between what is taught in academia and the skills students need to be prepared for the workforce continues to widen. IMA is taking a bold leap forward in education reform with publication of its first textbook, “Management Accounting – An Integrative Approach.”
Representing a shift in management accounting education, the textbook moves away from the random combination of tools and techniques to focus instead on a decision-oriented framework that incorporates the profession’s best practices. Three accompanying databases are weaved throughout the textbook, enabling students to apply concepts presented in the book to real-world scenarios common in contemporary workplace settings.
Students will improve critical thinking skills as they learn a new approach to management accounting which emphasizes the behavioral and strategic side of management and measurement, not just the analysis of quantitative data. “Management Accounting – An Integrative Approach” offers students the opportunity to work with realistic data, and includes activities to help students understand how managers use information, whether for planning, decision making, or control.
Why should professors use this textbook in their classroom? The book:
- Reflects the decision-making process that is illustrative of on-the-job training
- Uses five decision domains (entity, product, process, customer/market, and value chain) to organize the tools, techniques, and topics covered in the book
- Features end-of-chapter questions, exercises, and problems that have a real-world feel, including behavioral issues and management analysis
About the Authors
C.J. McNair-Connolly, Ph.D.
Dr. McNair-Connolly is an internationally recognized expert in cost management and control systems with more than 25 years of experience in applied academic research. She has authored 10 books on a variety of cost management topics, including value-based cost management. She earned her Master’s degree and Ph.D. from Columbia University and for many years taught accounting at Babson College and the U.S. Coast Guard. Currently, she serves as a senior business consultant.
Kenneth A. Merchant, Ph.D.
Dr. Merchant is the Deloitte & Touche LLP chair in accountancy at the University of Southern California (USC). He is an expert in management accounting, management control systems, and corporate governance, having published articles in many journals and been recognized by the American Accounting Association for lifetime contributions to the field. He earned his Ph.D. from UC-Berkeley and his MBA from Columbia. Before joining USC, he taught at Harvard Business School and UC-Berkeley.