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Book details
ISBN: 9780078111006 / 0078111005
Division: Higher Education
Pub Date: JAN-11
Pages: 832

Copyright: 2012
Edition: 14
Format: Hardback
Managerial Accounting

Ray Garrison, Eric Noreen, Peter Brewer


About the book

As the long-time #1 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 relevance, accuracy, and clarity. 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 – making them both of high quality and extremely consistent with the textbook.
Key features

  • Applying Excel: This new feature, which has been added to Chapters 2-13 of the text and Connect Accounting, gives students the opportunity to practice using Excel formulas to build their own worksheets. They are then asked a series of “what if” questions, all of which illustrate the relationship among various pieces of accounting data. The Applying Excel feature links directly to the concepts introduced in the chapter, providing students with an invaluable opportunity to apply what they have learned using a software they will use throughout their careers, whether they become an accountant or not.
  • Chapter 1: This chapter has been completely overhauled to help all business students better understand why managerial accounting is relevant to their future careers.
  • Chapter 2: This chapter has been extensively rewritten to include coverage of mixed costs and contribution format income statements. The redundant coverage of the schedule of cost of goods manufactured has been eliminated so that it is now only covered in the Job Order Costing chapter. The comparison of financial and managerial accounting has been moved to Chapter 1.
  • Chapter 14: This chapter has been completely overhauled to simplify the process of creating a statement of cash flows.
  • In Business boxes and End-of-Chapter material: revised
  • McGraw-Hill’s Connect Accounting: In addition to Self-Quiz and Study, the 14th edition of Garrison Connect Accounting offers new game-changing features including LearnSmart and Guided Examples.
  • 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 supplements.
  • 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.
  • IFRS icon highlights accounting topics that will be affected by the U.S.’s potential compliance with International Financial Reporting Standards.
  • Business Focus chapter-opening vignettes provide a real-world example for students, allowing them to see how the chapter’s information and insights apply to the world outside of the classroom.
  • Managerial Accounting in Action vignettes depict cross-functional teams working together in real-life settings, working with the products and services that students recognize from their own lives.
  • To purchase an eBook version of this title, visit (ISBN 0077317866). With the CourseSmart eTextbook version of this title, students can save money, reduce their impact on the environment, and access powerful web tools for learning. Faculty can also review and compare the full text online without having to wait for the print desk copy.

  • 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

    1. Managerial Accounting: An Overview
    2. Managerial Accounting and Cost Concepts
    3. Job-Order Costing
    4. Process Costing
    5. Cost-Volume-Profit Relationships
    6. Variable Costing and Segment Reporting: Tools for Management
    7. Activity-Based Costing: A Tool to Aid Decision Making
    8. Profit Planning
    9. Flexible Budgets and Performance Analysis
    10. Standard Costs and Variances
    11. Performance Measurement in Decentralized Organizations
    12. Differential Analysis: The Key to Decision Making
    13. Capital Budgeting Decisions
    14. Statement of Cash Flows
    15. Financial Statement Analysis
    Appendix A Pricing Products and Services
    Appendix B Profitability



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