Financial and Managerial Accounting

Two courses in one book — financial and managerial accounting side by side. This open textbook was created to give students a high-quality alternative to expensive commercial textbooks. It starts with the financial side (statements, records, and reporting) then moves into managerial topics (costs, budgets, and internal decisions), all explained in an accessible, student-friendly tone. Loaded with examples, practice problems, and real business scenarios, it is a complete resource for introductory accounting courses.