The book "Management Accounting" by Werner Seebacher provides a comprehensive introduction to financial accounting, covering balance sheet accounts, profit and loss accounts, contribution margin accounting, budgeted balance sheets, profit plans and financial plans. The aim of this book is to provide students and managers with the necessary knowledge and understanding of these concepts to achieve successful results in managing businesses.
The book specifically focuses on the interconnections between these accounts and plans, as they form the foundation of effective accounting and financial management in business organizations. The book provides practical examples and applications to help the reader gain a deeper understanding of the concepts discussed. Readers will also learn how to use various accounting software programs, such as QuickBooks and Xero, to make accounting easier.
"Management Accounting" is aimed at both students in their early stages of studying these topics as well as experienced managers looking for new insights into the area. It is a useful guide that provides a wealth of information on the basics of financial accounting and how it can be used to effectively manage the finances of a business.
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