{"id":1833,"date":"2021-05-19T14:54:04","date_gmt":"2021-05-19T14:54:04","guid":{"rendered":"https:\/\/courses.lumenlearning.com\/wm-managerialaccounting\/?post_type=chapter&#038;p=1833"},"modified":"2021-12-13T23:05:42","modified_gmt":"2021-12-13T23:05:42","slug":"about-this-course","status":"publish","type":"chapter","link":"https:\/\/courses.lumenlearning.com\/wm-managerialaccounting\/chapter\/about-this-course\/","title":{"raw":"About This Course","rendered":"About This Course"},"content":{"raw":"<div id=\"post-27\" class=\"standard post-27 chapter type-chapter status-publish hentry\">\r\n<div class=\"entry-content\">\r\n\r\nThe Managerial Accounting course builds on fundamentals learned in Financial Accounting and teaches tools to accurately compile a company\u2019s internal financial data for decision making in a timely manner. Managers use these accounting tools to make fiscally responsible decisions regarding the use of resources, personnel, sales, manufacturing, budgets, services, investments, and much more. These tools are used to forecast, strategize, and consider the consequences of managerial decisions on cash flow, profits, and the current or potential future financial condition of a company. This course introduces these tools and provides supporting activities to reinforce the information learned within them.\r\n<h2>Course Improvements<\/h2>\r\nWe believe in making continuous improvements to our courses in order to enhance and facilitate student learning. This newest version of the course includes a vast number of data-driven improvements to assessment questions and text content in order to better illustrate, clarify, and evaluate concepts.\r\n<h2>Contributors<\/h2>\r\nThis course was developed by Lumen Learning with significant contributions by:\r\n\r\n<strong>Primary Content Authors<\/strong>\r\nJoe Cooke, Santa Fe Community College\r\nMike Zerrahn, Clinton Community College (SUNY)\r\nRobert Danielson, Saint Mary\u2019s College of California\r\nSherri Pendleton, Contributor\r\n<h2>About Lumen<\/h2>\r\nLumen Learning courseware is based on open educational resources (OER). When we can find well designed, effective OER that are appropriately licensed, we use them in our courseware. When we can\u2019t find pre-existing OER, we create original content and license it as OER (under a Creative Commons Attribution license).\r\n\r\nLumen\u2019s authoring process doesn\u2019t end when our courseware is released. Our choice to adopt open educational resources means that we have the copyright permissions necessary to engage in continuous improvement of our learning content. Consequently, our courses are continually being revised and updated. Errata reported for our courseware are fixed in a matter of days, as opposed to the traditional model in which errors persist until the next \u201cedition\u201d is printed (often a year or more). Students and faculty can suggest improvements to our courses directly from within the courseware as they use it. And we conduct regular analyses to determine where students are struggling the most in our courseware, and make improvements that specifically target these areas.\r\n\r\nGiven our unique approach, our list of authors and other contributors may look different than the lists you are used to seeing. We provide both a list of the primary content authors (the people involved in the initial creation of the course) and a list of everyone who has contributed suggestions and other improvements to the course since it was first released. We invite you to join us as we create courseware that supports student learning more effectively each semester.\r\n\r\nIf you\u2019d like to connect with us to learn more about adopting this course, please\u00a0<a href=\"http:\/\/lumenlearning.com\/contact\/\">Contact Us<\/a>.\r\n\r\nYou can also\u00a0<a href=\"https:\/\/calendly.com\/lumenlearning\/\">make an appointment<\/a>\u00a0for\u00a0<a href=\"http:\/\/lumenlearning.com\/office-hours\">OER Office Hours<\/a>\u00a0to connect virtually with a live Lumen expert about any question you may have.\r\n\r\n<\/div>\r\n<\/div>\r\n<section class=\"citations-section focusable\" tabindex=\"-1\" role=\"contentinfo\">\r\n<div class=\"post-citations sidebar\"><\/div>\r\n<\/section>","rendered":"<div id=\"post-27\" class=\"standard post-27 chapter type-chapter status-publish hentry\">\n<div class=\"entry-content\">\n<p>The Managerial Accounting course builds on fundamentals learned in Financial Accounting and teaches tools to accurately compile a company\u2019s internal financial data for decision making in a timely manner. Managers use these accounting tools to make fiscally responsible decisions regarding the use of resources, personnel, sales, manufacturing, budgets, services, investments, and much more. These tools are used to forecast, strategize, and consider the consequences of managerial decisions on cash flow, profits, and the current or potential future financial condition of a company. This course introduces these tools and provides supporting activities to reinforce the information learned within them.<\/p>\n<h2>Course Improvements<\/h2>\n<p>We believe in making continuous improvements to our courses in order to enhance and facilitate student learning. This newest version of the course includes a vast number of data-driven improvements to assessment questions and text content in order to better illustrate, clarify, and evaluate concepts.<\/p>\n<h2>Contributors<\/h2>\n<p>This course was developed by Lumen Learning with significant contributions by:<\/p>\n<p><strong>Primary Content Authors<\/strong><br \/>\nJoe Cooke, Santa Fe Community College<br \/>\nMike Zerrahn, Clinton Community College (SUNY)<br \/>\nRobert Danielson, Saint Mary\u2019s College of California<br \/>\nSherri Pendleton, Contributor<\/p>\n<h2>About Lumen<\/h2>\n<p>Lumen Learning courseware is based on open educational resources (OER). When we can find well designed, effective OER that are appropriately licensed, we use them in our courseware. When we can\u2019t find pre-existing OER, we create original content and license it as OER (under a Creative Commons Attribution license).<\/p>\n<p>Lumen\u2019s authoring process doesn\u2019t end when our courseware is released. Our choice to adopt open educational resources means that we have the copyright permissions necessary to engage in continuous improvement of our learning content. Consequently, our courses are continually being revised and updated. Errata reported for our courseware are fixed in a matter of days, as opposed to the traditional model in which errors persist until the next \u201cedition\u201d is printed (often a year or more). Students and faculty can suggest improvements to our courses directly from within the courseware as they use it. And we conduct regular analyses to determine where students are struggling the most in our courseware, and make improvements that specifically target these areas.<\/p>\n<p>Given our unique approach, our list of authors and other contributors may look different than the lists you are used to seeing. We provide both a list of the primary content authors (the people involved in the initial creation of the course) and a list of everyone who has contributed suggestions and other improvements to the course since it was first released. We invite you to join us as we create courseware that supports student learning more effectively each semester.<\/p>\n<p>If you\u2019d like to connect with us to learn more about adopting this course, please\u00a0<a href=\"http:\/\/lumenlearning.com\/contact\/\">Contact Us<\/a>.<\/p>\n<p>You can also\u00a0<a href=\"https:\/\/calendly.com\/lumenlearning\/\">make an appointment<\/a>\u00a0for\u00a0<a href=\"http:\/\/lumenlearning.com\/office-hours\">OER Office Hours<\/a>\u00a0to connect virtually with a live Lumen expert about any question you may have.<\/p>\n<\/div>\n<\/div>\n<section class=\"citations-section focusable\" tabindex=\"-1\" role=\"contentinfo\">\n<div class=\"post-citations sidebar\"><\/div>\n<\/section>\n\n\t\t\t <section class=\"citations-section\" role=\"contentinfo\">\n\t\t\t <h3>Candela Citations<\/h3>\n\t\t\t\t\t <div>\n\t\t\t\t\t\t <div id=\"citation-list-1833\">\n\t\t\t\t\t\t\t <div class=\"licensing\"><div class=\"license-attribution-dropdown-subheading\">CC licensed content, Original<\/div><ul class=\"citation-list\"><li><strong>Provided by<\/strong>: Lumen Learning. <strong>License<\/strong>: <em><a target=\"_blank\" rel=\"license\" href=\"https:\/\/creativecommons.org\/licenses\/by\/4.0\/\">CC BY: Attribution<\/a><\/em><\/li><\/ul><\/div>\n\t\t\t\t\t\t <\/div>\n\t\t\t\t\t <\/div>\n\t\t\t <\/section>","protected":false},"author":169134,"menu_order":2,"template":"","meta":{"_candela_citation":"[{\"type\":\"original\",\"description\":\"\",\"author\":\"\",\"organization\":\"Lumen Learning\",\"url\":\"\",\"project\":\"\",\"license\":\"cc-by\",\"license_terms\":\"\"}]","CANDELA_OUTCOMES_GUID":"","pb_show_title":"on","pb_short_title":"","pb_subtitle":"","pb_authors":[],"pb_section_license":""},"chapter-type":[],"contributor":[],"license":[],"class_list":["post-1833","chapter","type-chapter","status-publish","hentry"],"part":1836,"_links":{"self":[{"href":"https:\/\/courses.lumenlearning.com\/wm-managerialaccounting\/wp-json\/pressbooks\/v2\/chapters\/1833","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/courses.lumenlearning.com\/wm-managerialaccounting\/wp-json\/pressbooks\/v2\/chapters"}],"about":[{"href":"https:\/\/courses.lumenlearning.com\/wm-managerialaccounting\/wp-json\/wp\/v2\/types\/chapter"}],"author":[{"embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/wm-managerialaccounting\/wp-json\/wp\/v2\/users\/169134"}],"version-history":[{"count":6,"href":"https:\/\/courses.lumenlearning.com\/wm-managerialaccounting\/wp-json\/pressbooks\/v2\/chapters\/1833\/revisions"}],"predecessor-version":[{"id":2678,"href":"https:\/\/courses.lumenlearning.com\/wm-managerialaccounting\/wp-json\/pressbooks\/v2\/chapters\/1833\/revisions\/2678"}],"part":[{"href":"https:\/\/courses.lumenlearning.com\/wm-managerialaccounting\/wp-json\/pressbooks\/v2\/parts\/1836"}],"metadata":[{"href":"https:\/\/courses.lumenlearning.com\/wm-managerialaccounting\/wp-json\/pressbooks\/v2\/chapters\/1833\/metadata\/"}],"wp:attachment":[{"href":"https:\/\/courses.lumenlearning.com\/wm-managerialaccounting\/wp-json\/wp\/v2\/media?parent=1833"}],"wp:term":[{"taxonomy":"chapter-type","embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/wm-managerialaccounting\/wp-json\/pressbooks\/v2\/chapter-type?post=1833"},{"taxonomy":"contributor","embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/wm-managerialaccounting\/wp-json\/wp\/v2\/contributor?post=1833"},{"taxonomy":"license","embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/wm-managerialaccounting\/wp-json\/wp\/v2\/license?post=1833"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}