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Managerial Accounting Resources

Blogs

     The uniform CPA exam is regarded as one of the most difficult professional exams, with a passing rate around 50% for all of the sections. However, attaining a CPA license will give you many opportunities in your career. The requirements for the CPA license vary by state, but they all include education (150 credit hours with basically a major in accounting), examination (it... read more

Blogs

In Accounting there are plenty of formulas, theories, and equations, but by far the most important is the following: Assets = Liabilities + Equity First, I will describe in layman’s terms the three variables within the equation above. An asset is a resource that will be used to operate a business (e.g. inventory, plant, machinery). A liability is a creditors right to the... read more

Blogs

I’ve been asked many times, “what is the best learning tool that an accounting student has in their arsenal”. When I’ve proposed this question to other modern accountants, they generally list out the programs they utilize most, Quicken, Excel, or the Intuit program du jour; all are cited as the best learning tools for the future accountant. My own response to this question may surprise anyone... read more

Blogs

As accountants how do we teach the young/new learners coming into our field the evils of unethical behavior? You would believe that the recent examples of Bernie Madoff and the Enron executives are the best cautionary tales to someone making the choice between fraud and honesty, but the reality is different. Most swindlers never consider themselves criminals and many perpetrators of fraudulent... read more

Lessons

Stockholders' Equity About Managerial Accounting Managerial Accounting is very different from Financial Accounting. In Financial Accounting you learned about the overall framework of accounting, and how to prepare financial statements for investors and other people outside the company. Managerial Accounting will focus on preparing financial information for Managers who are inside the company... read more

Blogs

Make your New Year's Resolution to increase your study habits.  That might include a qualified tutor who can help you get through the land mines of unfamiliar territory.  I taught accounting for 22 years at college level and would be glad to work with you during the spring semester.  My specialties are the first two accounting courses, managerial accounting, and cost accounting... read more