Management accounting is an essential tool that enhances a manager's ability to make effective economic decisions. Because understanding concepts is more important than memorizing techniques, [this book] describes both theory and common practices so students understand how to produce information that's useful in day-to-day decision making ... [This book] deals with all business sectors--non-profit, retail, wholesale, service, selling, and administrative situations--as well as manufacturing. The focus is on planning and control decisions, not on product costing for inventory valuation and income determination ... This [book] includes three financial accounting chapters in addition to the fourteen management accounting chapters. [It] is ... suited to continuing education or MBA courses where students need to learn financial and management accounting in a one-term course. The financial accounting chapters also provide material for any student who may need a financial accounting review