Book Description
Get refreshed with Horngren/Sundem/Stratton's Introduction to Management Accounting, 13th Edition. This best-selling book offers a relevant,
real-world decision-making approach to management accounting. Readers develop a solid understanding of costs and cost behavior and the use of cost information for planning and control decisions, not just inventory valuation. This book emphasizes the notion that “You need to understand the business first, before you can understand the accounting of business.”
Updated to cover the most recent methods in management accounting, topics include: cost behavior, cost management systems, and activity-based costing; marketing and product decisions; the master budget; flexible budget and variance analysis; management control systems; capital budgeting; cost allocation; andjob-costing and process-costing systems; basic accounting concepts, techniques, and conventions; corporate financial reports and basic financial statements; and consolidated financial statements.
An excellent reference resource for managerial accountants.
Customer Reviews:
No university/college should use this.............2007-08-19
I had to use this book for an online course while earning my bachelor's degree. This book was horrible. This group of 3 authors did not do a good job. The ideas and points did not run smoothly together from one point to another. It seems like the 3 authors did not work very close together to make sure their ideas connected and related directly with each other's ideas. It was as if the authors went from talking about point A, skipping all the way to point F, then going to point C, then back to point F, etc. etc. Their ideas did not flow in an understandable sequence. I also agree about the examples. The examples were no help and they were not thorough examples of material that you would run into the real-world. The examples needed much more details in them.
Huge waste of money.......2007-07-06
Horngren makes a notoriously dry subject even worse. It is filled with long winded verse and practically devoid of dynamic examples. Accounting is something that 'works' and can be worked out. It's best learned when applied to real world situations...this book aims to have you memorize boring definitions and then support those definitions with scarce examples. Even our professor said he's been lobbying to get this book out of my school's curriculum...too bad that didn't happen BEFORE I came along.
Introduction to Management Accounting.......2007-02-19
This book was not at all what I expected and was not very useful.
Introdution to management accouting.......2006-09-02
Very good. Cover is a little worn. Some pages have been written by pencil.
Used in MBA program - Intro to Accounting.......2006-04-06
I have had experience with accounting and found this book to be fairly basic. However, if you are a beginner with no knowledge of accounting, this is a good textbook. I read one of the other reviews about how there is a bunch of useless junk on each page and while this is partially true, it would be UNBEARABLE to read if there wasn't this so called "junk" on every page. Overall a good textbook that I will keep around as a reference for accounting basics.
Book Description
This introduction to management accounting and its significant role in making sound business decisions teaches readers how to be wise users, not necessarily preparers of accounting information—a strong user-based approach that is endorsed and supported by the AECC. The authors present accounting information in a broader business context-emphasizing what accounting information is, why it is important, and how it is used to make economic decisions. Specific chapter topics cover classifying costs, determining costs of products, cost behavior, business decisions using cost behavior, making decisions using relevant information, the capital budget: evaluating capital expenditures, the operating budget, standard costing, and evaluating performance. For individuals with a future in management accounting.
Book Description
Like its predecessors, this introductory text teaches students the fundamental concepts of healthcare finance, including both financial management and accounting. It was developed to be used in clinical and health services administration programs, in which students are primarily trained for careers in provider organizations.
New to the third edition are coverage of the Sarbanes-Oxley Act, the impact of cost structure on risk, a revised approach to variance analysis, and revenue.
Customer Reviews:
Could be greatly improved.......2007-10-08
The problem with this book is it is written too much like a book and not like a textbook. It is nearly impossible to find the equations that are embedded in the text if you are trying to do a quick reference on a concept. In addition, the index is horrible which leaves me constantly googling concepts that I need for the case studies since you can never find them in the book. Also, I'm not really sure how the book distinguishes itself as "health care" there is little to no health care specifics as far as finance goes. In all reality it isn't a great book especially if it is for your first finance class and you're better off looking up academic journals for a the health care finance perspective.
Cram 101.......2007-05-30
This purchase was to help me with my course and go hand in hand with the engimatic book. However, it hit highlights but was not helpful to me in question answers and reviews for test. If you want a book with definiton's to help you , this is a 5 . If you want help with the Gapenski engima , its a 1.
Straight to the point and practical.......2007-02-07
Very good textbook: gives you all the necessary foundations for understanding the financial issues in healthcare.
A Great Intro Into Health Care Finance.......2000-12-01
As stated in the preface of the book, the goal of the book, "was to create a text that introduces students to the most important principles and applications of healthcare finance..." This book was an excellent introduction into finance. Not only did it explain accounting and financial terms and theories, it uses excellent examples of real life health care situations to further the reader's understanding of the topics. This was my first time exposed to finance of any type. At the end of the book, I felt like I had a firm understanding of the basics. Excellent book for beginners.
Superb textbook.......2000-11-30
As a cardiologist, I have used many textbooks over the years. I am now a hospital's Chief Medical Officer and am enrolled in an MHA program. Dr. Gapenski's book is one of the best-written textbooks I have ever used. It clearly and consisely discusses financial concepts as they apply to healthcare. He has the ability to make the most complex concepts easily understood.
Book Description
Introduction to Managerial Accounting, 3/e by Brewer/Garrison/Noreen is based on the market-leading text, Managerial Accounting, by Garrison, Noreen and Brewer. However, this is not simply a briefer book with chapters removed; B/G/N has been rethought and retooled to meet the needs of the market.
B/G/N 3/e is a more accessible, yet thoroughly student-friendly text that satisfies the basic needs of the managerial accounting student without unnecessary depth on advanced topics associated with the follow-up course, cost accounting/cost management. Faculty and students alike will find this new edition has retained the hallmark features of the Garrison brand: author-written supplements, excellent readability, terrific examples, and balanced end-of-chapter material.
Customer Reviews:
Great book, almost the same as last edition. .......2007-06-22
I HATE that textbook publishers print out a new edition, with basicaly the same problems as the last edition (only the numbers change). However, to be fair, this is a very clear book, has good examples that follow the exercies in the book. Probably one of the better accounting books I have seen. Also has some chapters of introduction to finance. Overall would recommend.
Ok - not great.......2007-01-04
This book is what I would call an o.k. textbook. It's not horribly hard to sit down & read or understand. On the other hand it's not light reading. There are some areas in later chapters that are not covered as well as I has hoped.
Book Description
This widely respected financial accounting text captures the predominant market share among graduate, MBA, and better undergraduate programs. It focuses on presenting, with great clarity, both the basic concepts underlying financial statements and the terminology and methods that allow students to interpret, analyze, and evaluate actual corporate financial statements.
Customer Reviews:
Ugh.......2007-04-23
I was so lost with this book and thought it was my lack of background knowledge in the topic that was causing all the confusion. Nope, even my friend who is a CPA was stumped by this book's explanations. If your prof insists on using this book get the Schaum's Guideline of Managerial Accounting study guide/outline. It will save your bacon and your GPA.
Extremely useful for financial accounting.......2006-05-27
Financial accounting is a difficult subject but this book helps break down the concepts in a way that is easier to understand.
not a good book for beginners.......2006-02-19
the whole structure of the book is ot comprehensible. it gives out 3 financial statements at the first 3 chapters, without letting the readers to have time digest the concepts. after you are confused enough, the book will then introduce concepts of each items listed in the statements, and have you look back at the first three chapters.
the layout is not good either. for some chapters, you need to turn the pages back and forth, again and again, because the text content and the illustration table are back to back.
the book is just very confusing.
What do you expect from an accounting book???.......2005-11-20
Having never taken an accounting class before, I didn't know what to expect. This was the text assigned for my first accounting class in an MBA program at an elite Northeastern Business School. It is a pretty straight-forward read. Let's face it, accounting is a subject full of jargon that you MUST learn. It is just one of those subjects.
The text had ample exercises and was fairly easy to read. However, you must be able to have an attention span greater than 5 minutes to be able to read this book.
unclear, disorganized, vague language.......2004-08-25
The title pretty much sums it up, I think this book is pretty bad.
Average customer rating:
- Accounting book
- Good book as an accounting overview
- A must for interaction
- Worst Text Book Ever
- YUCK
|
Financial Accounting: An Introduction to Concepts, Methods and Uses
Clyde P. Stickney , and
Roman L. Weil
Manufacturer: South-Western College Pub
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Student Solutions Manual Printed Access Card for Stickney/Weil's Financial Accounting: An Introduction to Concepts, Methods and Uses
ASIN: 0324381980 |
Book Description
Ideal for graduate, MBA, and higher-level undergraduate programs, FINANCIAL ACCOUNTING: AN INTRODUCTION TO CONCEPTS, METHODS, AND USES presents both the basic concepts underlying financial statements and the terminology and methods that allow you to interpret, analyze, and evaluate actual corporate financial statements.
Customer Reviews:
Accounting book.......2007-10-01
New book, great price just like stated. I love amazon! Save $50.00 from bookstore price and recieved it in 2 days.
Good book as an accounting overview.......2007-08-09
The book is good, as part of the pre-MBA courses, it gives you a great overview of accounting
A must for interaction.......2007-08-09
This is a text that requires a professor. It is not a do it at home by yourself text. Perhaps having been taught by one of the authors helps me to know what they have in mind here. It's a text that works at a number of levels of thought at the same time, it's really sort of deep. I'd recommend to be ready to take a lot of notes. You'll be in class and everything seems so simple. Then you go home and wonder how you could have thought it simple. I respect the other reviews, of course, and you should give them due consideration.
Worst Text Book Ever.......2007-07-02
This book is horrible. It does show you how to work the problems. It's full of high level explanation and no deep explanation of the concepts or the problems. It's poorly organized and super expensive. It does not contain answers to the odd problems in the back of the book like most (math type of books) text books tend to have. There is no study guide for this edition; the publisher's web site claims there exist, I have not found it there or anywhere else. However, a study guide does exist for the previous edition. There is a solutions manual that one has to purchase a key to access the anwers to the odd problems online. The solutions manual falls really too, because it just gives the answers and offers no explanation of the problems. I really need some kind of study guide that explains the problems in detail so that I can check myself. The book has a companion site that is a little helpful, it has one online quizzes, chapter summary and spreadsheets for each chapter.
YUCK.......2007-01-30
I absolutely HATE this textbook. It is poorly organized and does not "teach" accounting. It does provides plenty of examples, however with no instruction, one can merely muddle through them. Even with limited expectations considering the subject itself, the book is dull and nearly unreadable. If I could throw it away, I would.
Book Description
Introductory Financial Accounting, 9e provides a unique and perfect blend of robust financial statement analysis with early statement of cash flows coverage. It is directed at those who will analyze real financial statements, and make business decisions based upon that analysis. Real statements are used throughout (Starbucks). Statement of Cash Flows comes earlier in this book than most.
Material is focused on analysis of financial statements â ratios introduced early and often, special âPortfolioâ section provides a âroad mapâ to financial statement analysis, and special section in end-of-chapter problems focuses on analyzing financial statements (using Starbucks financial statements). Features strong coverage of statement of cash flows (Ch 5) --an essential financial statement, one of growing importance, and should be regarded as a basic statement.
For financial accountants.
Customer Reviews:
Useless!!!.......2007-04-15
First and foremost, be aware if there are any reviews referring to "textbook", they are not for this "Cram 101 Textbook Outlines" which is supposed to be a textbook companion.
"Cram 101 Textbook Outlines" is useless!!! This is nothing but a bunch of glossary. And a half of the book is blank for writing notes. What a rip-off!!!
There's no outlines at all. No chapter summaries, no
explanation of concepts. Totally useless.
I have used "Collins College Outlines" series (I rate them 3 stars) and "Barron's Business Reviews" series (I rate them 5 stars).
Never buy any of "Cram 101 Textbook Outlines" series.
Technical notes: "Cram 101 Textbook Outlines" is POD (Print on demand). No wonder quality of printing is inferior (Looks like a xerox copy). And priced too high for this quality. For those who are not familiar with publishing industry--POD is used for ultra small quantity less than 100 copies. This is a telltale sign that book is not expected to sell minimum quantity (usually 3,000 copies) that commercial publisher is willing to
commit to publish. Simply put, POD means inferrior and
overpriced books. A work of amateur.
Very good resource.......2005-10-06
I'm CEO of a medium size business and wanted a resource to teach me accounting. This is a great book, with plenty of assignments which fully reinforce the lessons. The only disappointment is that there are no solutions and the publisher only gives them to you if you are a registered teacher.
Great transaction and product.......2005-09-26
The book arrived early and in great shape - US edition, hardcover, and no surprises.
Used it in place of my assigned financial accounting book..........2001-08-16
NYU's Stern School Of Business uses this book and its a well-crafted introduction to financial accounting. While taking accounting at the other New York business school, I deep sixed my assigned accounting book and instead borrowed my wife's. It coverage of topics and pedagogical flow are quite approachable and manageable. Struggling friends begain to purchase it for themselves. An excellent book. An interesting book as well. Case examples and references keep things interesting. Not just dry rules.
accounting study guide i want a complete book.......2000-03-31
An Introduction to acconting, Assets, The time value of money, Liabilities and equities, financial Investment, Analysis, Role of accounting and Debits and credits
Average customer rating:
- Good Companion Book
- Good book
- Very thoughtful and clear explanation of financial math
- sophisticated maths
- Remarkable Introduction to Serious Math, Serious Finance, and Real-World Applications
|
Introduction to the Mathematics of Financial Derivatives
Salih N. Neftci
Manufacturer: Academic Press
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Options, Futures and Other Derivatives (6th Edition)
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ASIN: 0125153929 |
Book Description
This popular text, publishing Spring 1999 in its Second Edition, introduces the mathematics underlying the pricing of derivatives. The increase of interest in dynamic pricing models stems from their applicability to practical situations: with the freeing of exchange, interest rates, and capital controls, the market for derivative products has matured and pricing models have become more accurate. Professor Neftci's book answers the need for a resource targeting professionals, Ph.D. students, and advanced MBA students who are specifically interested in these financial products. The Second Edition is designed to make the book the main text in first year masters and Ph.D. programs for certain courses, and will continue to be an important manual for market professionals.
Customer Reviews:
Good Companion Book.......2007-08-29
good companion book for the other book "Principles of Financial Engineering" by the same author
Clear and easy to understand treatment. The author does not assume a high level of math knowledge of the reader.
Good book.......2007-05-09
As title states this is a good Introduction to the mathematics of derivatives.
If you're looking for some book with C/C++/C#/Java code samples this isn't the book. Indeed a good mathematical introduction; its pre-requirements are a good mathematical and statistical ones.
Very thoughtful and clear explanation of financial math.......2007-02-05
I turn to this book after I get frustrated with Tomas Bojork's book "Arbitrage Theory in Continuous Time." As I am not from a strict math background, this Neftci's book makes much more sense to me. What I particularly like about this book is explanation in plain English of why the mathematical formulae are so, and how they are connected to the bigger picture. Also Neftci has a good grasp of how many real-life examples included in this book so that it doesn't lose its focus on the real math in finance.
sophisticated maths.......2006-06-16
Neftci takes us on a mathematically sophisticated tour of financial derivatives. The treatment is on a level akin to a senior-level undergrad text on physics or engineering. Indeed, to a reader who might come from that background, there will be a lot of similarities and familiar ideas.
For example, partial differential equations arise naturally in the pricing of derivative assets. But unlike many places in physics, here it is not sufficient to assume smoothly varying variables. The inherently discrete nature of most financial variables means that derivatives have to be approximated numerically.
Neftci also describes the various types of options, like basket, knock-out, multi-asset and so on. Each has a slightly different modelling. Another key idea involves the time aspect of pricing. So Wiener processes naturally arise, and the text shows how to handle these.
Much more is covered in the book. Perhaps just as importantly, it gives you enough maths preparation that you should be able to analyse other new types of financial instruments. Maybe even ones that you create yourself.
Remarkable Introduction to Serious Math, Serious Finance, and Real-World Applications.......2006-06-14
Neftci's book is easily grouped into a large number of texts that provide graduate level (considerable more rigorous than the MBA version) introductions to mathematical finance. Some are written for MBA with want to be exposed to as little math as possible without short changing the financial and valuation aspects and with considerable attention to a broad range of financial products and applications (Hull's classic comes to mind). Others are extremely implementation driven and are more a hybrid of finance and computer programming (Duffy, London, Wilmont). Still others are math books that speak above the heads of almost all practitioners and cover the finance topics poorly (or not at all).
Netfci's book is a rare gem in this field. Excellent coverage of financial topics and fundamentals (Arbitrage Theorem, Forwards Futures, Equity Derivatives, Interest Rate Derivatives), serious graduate level review of financial math and mathematical techniques (Probability, Numeric Processes, Binomial Methods, Stochastic Calculus, Finite Difference, Martingales, Monte Carlo methods), and applications (Bond Pricing, Term Structure Modeling, Exotic Options, Rare Event Modeling).
Best of all, it start assuming very little, builds aggressively, and progresses logically.
The biggest drawbacks are a lack of coverage for credit modeling and credit derivatives, Merton-model and contingent claim models for distressed equity, and more common financial engineering applications (hedging, rebalancing).
It is also remarkable well-written.
Average customer rating:
- modelling financial instruments
- good analysis on data error.
- From the experts in the field
- For the new millenium...that's what we need.
- More Than An Introduction
|
An Introduction to High-Frequency Finance
Ramazan Gençay ,
Michel Dacorogna ,
Ulrich A. Muller ,
Olivier Pictet , and
Richard Olsen
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ASIN: 0122796713 |
Book Description
Liquid markets generate hundreds or thousands of ticks (the minimum change in price a security can have, either up or down) every business day. Data vendors such as Reuters transmit more than 275,000 prices per day for foreign exchange spot rates alone. Thus, high-frequency data can be a fundamental object of study, as traders make decisions by observing high-frequency or tick-by-tick data. Yet most studies published in financial literature deal with low frequency, regularly spaced data. For a variety of reasons, high-frequency data are becoming a way for understanding market microstructure. This book discusses the best mathematical models and tools for dealing with such vast amounts of data.
This book provides a framework for the analysis, modeling, and inference of high frequency financial time series. With particular emphasis on foreign exchange markets, as well as currency, interest rate, and bond futures markets, this unified view of high frequency time series methods investigates the price formation process and concludes by reviewing techniques for constructing systematic trading models for financial assets.
Customer Reviews:
modelling financial instruments.......2007-03-08
The book gives an indepth statistical modelling of important financial events, that have time dependency. It is suitable for the financial analyst who wants a semi-empirical approach.
For some quantities, like foreign exchange data, there is a comparison between fully empirical results and various theoretical models. What is investigated are such behaviours like scaling laws, for the absolute returns as a function of frequency. Here, it has been empirically observed that scalings do exist for FX rates.
Whenever possible, the book gives rigorous results, often encapsulated in theorems relating to distributions of independently distributed random variables. The reader should have a background in statistics, with the equivalent of several years of undergraduate courses.
good analysis on data error........2007-01-16
Many type of error the book list are frequently occur in FX data.
This book give good guide on how to filter them.
From the experts in the field.......2002-06-06
Michel Dacorogna and the team at the former Olsen & Associates are well-known experts in the field of foreign exchange rate data analysis, and their book provides us with a vast, useful source of information. Unfortunately for students and other beginners, the book is written like a compilation of papers and review articles, the opposite of pedagogical, and with an awful choice of 'computerese' notation (MA(t,n)=sum(EMA(t',k)... etc) that makes Boudhaud-Potters look easy in comparison. More to the point, even their noncomputerese notation is difficult to follow. I hope for a very different second edition written pedagogically for students of this growing and important field. On the positive side, data analyses are performed using logarithmic returns, not price increments. Workers in the field who consult this text will find it helpful.
For the new millenium...that's what we need........2001-07-23
The book covers a wide range of topics related to high-frequency data in Finance. There is a very detailed approach to tackle a huge amount of data and to deal with its based stylized facts. The book triggers the reader's desire to update his knowledge in the field of finance.
More Than An Introduction.......2001-05-28
This one of the few books on high frequency finance is a most welcome to the literature. The book is useful not only for people who are new to the subject but also for researchers in the field since it is a most uniform treatment of many topics. From adaptive data cleaning (chapter 4) to intraday and weekly seasonality (chapter 6) and real time trading models (chapter 11), it covers a broad range of topics specific to high frequency financial time series analysis. Chapters on volatility modeling (Chapter 8), forecasting (chapter 9) and correlation and multivariate risk (chapter 10) are enlightening especially for risk exposure analysis and risk management purposes. Finally, the the extensive bibliography is a precious source for those who would like to explore certain topics in detail. I highly recommend it for practitioners as well as researchers in the field.
Book Description
In today's increasingly competitive financial world, successful risk management, portfolio management, and financial structuring demand more than up-to-date financial know-how. They also call for quantitative expertise, including the ability to effectively apply mathematical modeling tools and techniques. An Introduction to Credit Risk Modeling supplies both the bricks and the mortar of risk management. In a gentle and concise lecture-note style, it introduces the fundamentals of credit risk management, provides a broad treatment of the related modeling theory and methods, and explores their application to credit portfolio securitization, credit risk in a trading portfolio, and credit derivatives risk. The presentation is thorough but refreshingly accessible, foregoing unnecessary technical details yet remaining mathematically precise. Whether you are a risk manager looking for a more quantitative approach to credit risk or you are planning a move from the academic arena to a career in professional credit risk management, An Introduction to Credit Risk Modeling is the book you've been looking for. It will bring you quickly up to speed with information needed to resolve the questions and quandaries encountered in practice.
Customer Reviews:
read this before going for it.......2007-04-23
Well first off I would like to tell anyone who doesn't have a solid working knowledge of calculus (including multivariate) to avoid this book as it requires multiple integrals and infinite series and sequences. Now onto the good and the bad:
THE GOOD:
This text explains concepts very well and is FULL of examples. I mean literally 3/4 of the book, maybe more, is examples. Every chapter also has a section of problems that have partial solutions, which can come in very handy. This is pretty much all that is good about this text, but keep in mind that explaination is the most important part of any textbook.
THE BAD:
The proofs skip plenty of steps. And I mean plenty, so much that a proof in the book would take 5 lines but when my professor proved it in class it would take him nearly 15. Also while there are tonnes of examples, too many are theoretical and very hard. The book costs a hefty amount of change and is suprisingly small, Author couldl have given few more examples to make it interesting. However the worst thing about this book is how the author leaves important things in with the text often. However most these things are small, and overall the text is a good intro to probability theory.
a very good book.......2006-10-31
The authors wanted to write the book that they themselves would have liked to read before starting a profession in risk management. I am working for a treasury consultancy firm. This book was the best of the five I bought. The text is very clear yet does not assume too much prior knowledge. It covers theory as well as industry practice. The book contains much advanced statistics and readers must have some background in order to handle this. The authors keep it simple but not too simple. Their approach is pragmatic throughout. I am really happy to have read this book when I started doing work in credit risk management.
good combination of math and finance.......2006-02-22
As indicated on the back of the book, the authors are aiming at audience who have some knowledge in both math and finance but may be weak in one and strong in another. Either way, this is a good book to read on credit risk.
Clear and comprehensive.......2005-10-27
This book clearly articulates basic concepts of credit risk modeling. At the same time it is mathematically rigorous. This book enables non mathematician with some (basic) knowledge in probability statistic to better understand and develop his risk management skills.
A good read!.......2004-08-19
Easy to understand with not a tremendous amount of complicated math to dicipher. Just what the doctor ordered.
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