This textbook is written to provide the basics of managerial accounting to individuals studying to become small business owners or managers rather than for people planning to work as accountants or managers in large corporations. The book will cover the main points of managerial accounting from a unique position of being able to trace the development of the concepts with the same companies, rather than changing companies and information for every new concept. This tracing will be accomplished by the use of four trial balances presented in Appendix A. These trial balances will be used for exercises and problems in most chapters and they are unique in that the trial balances represent four different business types and the concepts are discussed for the four business types. These business types are: a manufacturing firm; a merchandising firm, a service ompany (in this case a hospital)and an agricultural production company (in this case a cattle ranch). Through the use of these trial balances the students will see how the concepts can be applied to different businesses. It is intended that the text provide information on how the concept can be applied to different business types so that students will have background on whatever type of business they end up being employed in or owning.