In the industry we call this "Lighthouse Series." It is the most prominent textbook in Management Accounting. My company uses this book as a resource, and it is available to us at work. I am a practicing CPA, licensed in Washington DC with a master's degree in accounting practices.
At first I hesitated to review the 13th edition of the Lighthouse series, because it is difficult to find something critical to say. But the authors dedicated this book "To our family and our many colleagues who use this book." Management Accounting is designed to be the number one textbook in his field, as it is, and the largest internal accounting resource for practicing accountants, as is the case.
This book is dominant because of the huge investment to make it simply the most student-friendly and resource-rich text in the field. This is one of the few texts that no money was spared to make it what it is today, and the list of professors who have contributed by being reviewers and consultants, this text longer than this list I have ever seen. You can hardly find any written work that has benefited and survived such scrutiny.
The three authors are well known in the profession, they have published many scientific articles in professional journals. But what impresses me more is that they all have won major awards for teaching, although rates as decided by the students. I'm even more impressed with the auditors the star teacher than prolific publisher auditors because their contributions will ultimately be greater.
There are many topics in this text and the following is just one example, job costing, process costing, ABC, cost-volume-profit, stock, balanced scorecards, overhead application and analysis, budgeting, financial analysis, decentralization, and segment information, valuation methods, investment management, decision-making of all kinds, including make-or-buy decisions and the distribution type and more.
The textbook is part of a set that is produced and reviewed by all the same people. The 896-page hardcover with good paper and sturdy binding is a fraction of the material. You also get the best supplements of a book on the subject of accounting and, fortunately, you can use a password to access all the book's online resources. These charges include, but are not limited to Homework Manager (a lot of problems, of which only a fraction would be assigned by a professor with immediate feedback), syllabus at the Centre (includes many Internet-based activities such as quizzes, trips and details about career and jobs), Subject Tackle Plus (interactive multimedia lessons), Study Guide Workbook, Templates, Practice Set, Notes, and AIDS Study. Again, no expense spared, and the list of professors who add value to these resources is extensive hardly believe.
Finally, I am surprised at the relatively low cost of Amazon given the quality of the textbook, online resources spent behind the text and the money to produce this 13th edition of the Lighthouse series. I know that for students, it is not a cheap book, but it's not as expensive as many textbooks with far less expertise and resources needed for production.
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