Cost Accounting De Leon Ebook Download
Thechosen Wong
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Mercell is the industry-leading procurement marketplace that brings buyers and suppliers together. Suppliers get fast and easy access to the full scope of tenders in the market, and buyers get access to the best suppliers via lean and compliant processes.
Before introducing Payhawk, the team at Mercell was sharing one credit card between multiple employees. Senior Business Controller, David Sandler, recalls that once the team lead approved the expense, employees had to send an email (or another form of a message) to the CFO to receive the 1-time code to make a transaction.
The process was inefficient and meant a lot of involvement (and manual admin) just to deal with credit card payments. There was poor visibility on expenses, and often the finance team had to chase employees to ask for information about payments or request additional documentation, like invoices.
Mercell's accountant was busy exploring ways to make their financial processes more efficient and discovered Payhawk. After some competitor research the team quickly decided that we were the best match to meet all the requirements regarding price and capability compared to other options within the market, which were inferior and more costly.
One of the most essential features to Mercell is the spend policies and corporate card controls integrated into the app and cards. This feature mitigates the risk of fraud and provides employees with the right level of autonomy with a defined framework.
Employees can spend as they need for work without breaking policy. They're happy knowing the company's expense policy is built into the tool via spend limits and approval workflows. Meanwhile, the finance team can maintain a good level of visibility, and control over spend, by setting limits on the cards, building workflows, and creating custom fields to categorise spend.
Since switching to us, Mercell has had more transparency on its spending. And as the software is easy to use, they don't need much support from our Customer Success team. These two benefits mean that the team can go ahead and make payments as required, while finance can maintain a close eye on spending and make suggestions to optimise budgets and more.
Mercell is also using our direct integration with accounting software, Exact Online. This integration allows the easy synchronisation of transactions, expenses, and unpaid expenses such as bills. We enable customers to reconcile data between Exact Online and Payhawk smoothly and fully automatically.
Payhawk Limited 2024, All rights reserved. Payhawk Limited is registered under company registration number 11747263, Chancery House, 53-64 Chancery Lane, London WC2A 1QS. Payhawk Debit and Credit Cards are issued by Payhawk Financial Services UAB and Paynetics AD in the EEA, Payrnet Limited in the UK, and Cross River Bank, Member FDIC in the US.
Author uses a standard approach in each chapter. Each chapter starts off with a question to be answered, followed by objectives for each topic. Each chapter has a short video to explain the materials.
Do not let the page count (pg 572) turn you off from this textbook. Instructors can modify the material to best fit with your course. Each chapter has a Video to introduce the material. These mini-lectures ( 10 -12 min) are well done and easy to follow. Embedded in each chapter are Multiple Choice practice questions, that give students complete explanations. At the end of each topic a "Key Takeaway" section is provided. While no solutions are available, each chapter has questions, true/false, multiple choice questions, problems and research options ( embedded links).
The textbook contains all material typically covered in a financial accounting course. It does have a chapter devoted to auditing as well as introduction to some advanced topics such as post-retirement benefits and deferred taxes. I appreciate...read more
The textbook contains all material typically covered in a financial accounting course. It does have a chapter devoted to auditing as well as introduction to some advanced topics such as post-retirement benefits and deferred taxes. I appreciate introductory videos that set the tone as well as draw attention to what will be very important in the chapter. Key take-away videos presented at the end of each chapter are very useful as well.
The textbook material is very relevant and is written from a perspective an investor or a user prospective as opposed to a debits-credits rules book. It makes accounting very fun and intellectually interesting. It even contains a point of view from an actual financial professional.
The book is written in a question and answer format or Socratic way of thinking. It challenges the students to start approaching their homework as well as other reading in a similar fashion. It models the way to ask questions as students learn on their own and promotes more intense method of learning.
The book has a very predictable pattern. Once the reader figures out the logic, the order could be easily followed. Material is explain in plain English without excessive technical terms. The chapters are very concise, one of the great attributes of this book.
Chapters are divided into smaller segments which could be easily omitted to accommodate a different length of course. One weak point is that material is very text heavy. There are very few visuals to increase understanding of heavy text.
The logic within the chapter could be easily followed. It is nice to see several excises embedded into the text to be able to check understanding. End of the chapter exercises contain multiple-choice question practice as well as opportunity for additional research.
The book does not contain either an index or a glossary. The book does not cover material in a debit/credit approach which might be better for a user but not as good for a potential accounting major going into Intermediate accounting.
All material covered in any entry level accounting textbook is covered, even an introduction to Auditing. The depth is very good for an accounting principles textbook, with the technical "fine print" omitted. There is good coverage of the...read more
All material covered in any entry level accounting textbook is covered, even an introduction to Auditing. The depth is very good for an accounting principles textbook, with the technical "fine print" omitted. There is good coverage of the overriding principles of accounting. The index is very detailed, but the glossary is not. The introduction to the bookkeeping mechanics is very good, but I would like to see more early coverage of the overall message financial statements are meant to convey.
The book is very accurate, but does not include more current updates or pending changes in accounting standards. Issues such as changes in rules regarding revenue recognition and leases, for example, are too current for this text to have covered when it was written. It would be necessary for the instructor to introduce these changes.
Some more current revisions in accounting standards are not addressed in this text, but these can be added or mentioned by the classroom instructor. The depth of the content for each subject area is very appropriate for a principles of accounting textbook and the text is very easy to read.
The clarity is one of this book's strongest points. It can be easily comprehended by an entry level accounting student. The videos are easy to watch, and provide a decent introduction to each chapter, but do not add much to the ease of understanding the material.
Topics are will divided and covered without a lot of boring reading about each. Each chapter is short and is well divided into even smaller sections. One of the strengths of this text is that the student is not overwhelmed with pages and pages of extraneous information.
Other than the placement of Chapter 6 on Auditing, the rest of the text is in a very logical order. Each topic is presented in a clear, logical way. The author stars each section with a question, and then proceeds to answer the question. This makes the topic easier to understand. Although I question the placement of chapter 6, I am glad the author includes the topic in the text, and am really not sure exactly where I believe it should be covered.
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