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Management Accounting
Management accounting is an essential tool that enhances a manager’s ability to make effec-
tive economic decisions. Because understanding concepts is more important than memorizing
techniques, Introduction to Management Accounting , 16th edition, describes both theory and
practice so students understand how to produce and apply information that’s useful in day-to-day
decision making. From the first chapter, we encourage students to think about the advantages and
disadvantages of various techniques, not to simply memorize and apply the techniques.
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