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Book details
ISBN: 9780073379616 / 0073379611
Division: Higher Education
Pub Date: FEB-09
Pages: 896

Copyright: 2010
Edition: 13
Format: Hardback
Managerial Accounting

Ray Garrison, Eric Noreen, Peter Brewer


About the book

As the long-time best-seller, Garrison has helped guide close to 3 million students through managerial accounting since it was first published. It identifies the three functions managers must perform within their organizations'plan operations, control activities, and make decisions'and explains what accounting information is necessary for these functions, how to collect it, and how to interpret it. Garrison's Managerial Accounting, is known for its accuracy and rigor. It is also unique in that the authors write the most important supplements that accompany the book: solutions manual, test bank, instructor's manual, and study guide.
Key features

  • McGraw-Hill Connect Plus Accounting
    McGraw-Hill reinvents the textbook learning experience for the modern student with Connect Plus Accounting. A seamless integration of an eBook and Connect Accounting, Connect Plus Accounting provides all of the Connect Accounting features plus the following:
    • An integrated eBook, allowing for anytime, anywhere access to the textbook.
    • Dynamic links between the problems or questions you assign to your students and the location in the eBook where that problem or question is covered.
    • A powerful search function to pinpoint and connect key concepts in a snap. And, Connect Plus is now available with a new book at no additional charge!
    • Connect Features available with this title:
      • End-of-Chapter Content
      • Algorithmically Generated End-of-Chapter Problems
      • Test Bank
      • Algorithmically Generated Test Bank
      • Instructor Resources
      • Tegrity
      • New IFRS icon highlights accounting topics that will be affected by the U.S.'s potential compliance with International Financial Reporting Standards.
      • In Chapter 2, the Schedule of Cost of Goods Manufactured has been simplified by eliminating the list of the elements of Manufacturing Overhead, clarifying the coverage of the Schedule of Cost of Goods Manufactured in this chapter and in Chapter 3.
      • The basic equations used in target profit analysis and break-even analysis have been revised to be more intuitive in Chapter 6. Also, break-even analysis has been moved to follow target profit analysis making for a more logical flow for students.
      • Profit graphs are covered in addition to CVP graphs in Chapter 6.
      • In Chapter 7, tables have been simplified and computing cost of goods sold has been streamlined.
      • Chapter 10 has been completely rewritten to follow a logical path leading from budgeting to performance evaluation comparing budgets to actual results and then on to standard cost analysis. Flexible budgets are used to prepare performance reports with activity variances and revenue and spending variances.
      • Chapter 11 now covers all standard cost variances'including fixed manufacturing overhead variances in an appendix. The material in this chapter has been extensively rewritten'particularly the materials dealing with manufacturing overhead.
      • The Balanced Scorecard has been moved to Chapter 12.
      • New end-of-chapter exercises. As with every new edition of Garrison, the authors have refreshed and updated all end-of-chapter problems and exercises.
      • Many new In Business boxes provide interesting and current real world examples of how managerial accounting concepts are used by real businesses.
      • NEW! McGraw-Hill's Connect. In addition to Homework Manager, in fall 2009, professors will also have the option of using the next evolution in homework management ' Connect Accounting. Like, HM, Connect Accounting uses end-of-chapter material pulled directly from the textbook to create static and algorithmic questions that can be used for homework and practice tests. In addition, Connect Accounting gives instructor's the ability to edit and add new questions, assign only parts of problems, and integrate their gradebook directly with Blackboard and WebCT.
      • Research and Application Cases using 10-K data from companies such as Whole Foods, Dell, FedEx, and Netflix offer end-of-chapter learning opportunities for students to identify strategy and business risks and evaluate managerial accounting concepts within a real world context.
      • Service. To reflect our service-based economy, the text is replete with examples from service-based businesses. A helpful icon distinguishes service-related examples in the text.
      • 'In Business.' These helpful boxed features offer a glimpse into how real companies use the managerial accounting concepts discussed within the chapter. Every chapter contains from two to nine of these current examples.
      • Author-Written Supplements. Unlike other managerial accounting texts, Garrison, Noreen, and Brewer write all of the text's major supplements, ensuring a perfect fit between text and supplement.
      • End-of-Chapter Material. Managerial Accounting has earned a reputation for the best end-of-chapter review and discussion material of any text on the market. Our problem and case material continues to conform to AACSB recommendations and makes a great starting point for class discussions and group projects.
      • The managerial accounting course is generally taken by all business majors at both two- and four-year schools and usually follows the financial accounting course in a two-semester sequence. There are three markets in managerial accounting: traditional, transitional, and innovative. Garrison/Noreen/Brewer fits into the traditional/transitional part of the market. Some schools also use Garrison in a Cost Accounting or MBA Managerial Accounting course.
      • New material on Corporate Social Responsibility has been added to Chapter 1.

  • About the author

    Eric Noreen
    Eric W. Noreen is a globe﷓trotting academic who has held appointments at institutions in the United States, Europe, and Asia. He is currently Professor of Accounting at the University of Washington and Visiting Price Waterhouse Professor of Management Information & Control at INSEAD, an international graduate school of business located in France.He received his B.A. degree from the University of Washington and MBA and Ph.D. degrees from Stanford University. A Certified Management Accountant, he was awarded a Certificate of Distinguished Performance by the Institute of Certified Management Accountants.

    Ray Garrison
    Ray H. Garrison is emeritus Professor of Accounting at Brigham Young University, Provo, Utah. He received his B.S. and M.S. degrees from Brigham Young University and his D.B.A. degree from Indiana University. As a certified public accountant, Professor Garrison has been involved in management consulting work with both national and regional accounting firms. He has published articles in The Accounting Review, Management Accounting, and other professional journals. Innovation in the classroom has earned Professor Garrison the Karl G. Maeser Distinguished Teaching Award from Brigham Young University.

    Peter Brewer
    Peter C. Brewer is a professor in the Department of Accountancy at Miami University, Oxford, Ohio. He holds a BS degree in accounting from Penn State University, an MS degree in accounting from the University of Virginia, and a PhD from the University of Tennessee. He has published 30 articles in a variety of journals including: Management Accounting Research, the Journal of Information Systems, Cost Management, Strategic Finance, the Journal of Accountancy, Issues in Accounting Education, and the Journal of Business Logistics. Professor Brewer is a member of the editorial boards of Issues in Accounting Education and the Journal of Accounting Education. His article 'Putting Strategy into the Balanced Scorecard' won the 2003 International Federation of Accountants' Articles of Merit competition and his articles 'Using Six Sigma to Improve the Finance Function' and 'Lean Accounting: What's It All About'' were awarded the Institute of Management Accountants' Lybrand Gold and Silver Medals in 2005 and 2006. He has received Miami University's Richard T. Farmer School of Business Teaching Excellence Award and has been recognized on two occasions by the Miami University Associated Student Government for 'making a remarkable commitment to students and their educational development.' He is a leading thinker in undergraduate management accounting curriculum innovation and is a frequent presenter at various professional and academic conferences. Prior to joining the faculty at Miami University, Professor Brewer was employed as an auditor for Touche Ross in the firm's Philadelphia office. He also worked as an internal audit manager for the Board of Pensions of the Presbyterian Church (U.S.A.). He frequently collaborates with companies such as Harris Corporation, Ghent Manufacturing, Cintas, Ethicon Endo-Surgery, Schneider Electric, Lenscrafters, and Fidelity Investments in a consulting or case writing capacity.

    Table of contents

    Chapter 1: Managerial Accounting and the Business Environment
    Chapter 2: Managerial Accounting and Cost Concepts
    Chapter 3: Systems Design: Job-Order Costing
    Chapter 4: Systems Design: Process Costing
    Chapter 5: Cost Behavior: Analysis and Use
    Chapter 6: Cost-Volume-Profit Relationships
    Chapter 7: Variable Costing: A Tool for Management
    Chapter 8: Activity-Based Costing: A Tool to Aid Decision Making
    Chapter 9: Profit Planning
    Chapter 10: Flexible Budgets and Performance Analysis
    Chapter 11: Standard Costs and Operating Performance Measures
    Chapter 12: Segment Reporting, Decentralization, and the Balanced Scorecard
    Chapter 13: Relevant Costs for Decision Making
    Chapter 14: Capital Budgeting Decisions
    Chapter 15: 'How Well Am I Doing'' Statement of Cash Flows
    Chapter 16: 'How Well Am I Doing'' Financial Statement Analysis
    Appendix A: Pricing Products and Services
    Appendix B: Profitability Analysis



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