This text, along with its companion, Financial Accounting, are intended for use in a two-semester or three-quarter sequence by college students who plan a business career, who intend to enter the accounting profession, and who are interested in broadening their business background. While the two books are naturally suited to be used together in the financial accounting- managerial accounting sequence, they are written in such a manner that either may be used in combination with any other financial or managerial accounting textbook.