Managerial Accounting - Hardcover

Garrison, Ray; Noreen, Eric; Brewer, Peter

3.59

643 ratings by Goodreads

Hardcover

ISBN 10: 0072834943 ISBN 13: 9780072834949

Publisher: McGraw-Hill Education, 2005

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As the long-time best-seller, Garrison has helped guide close to 2 million students through the challenging waters of 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. To achieve this, Managerial Accounting, 11/E, focuses, now as in the past, on three qualities: Relevance: Every effort is made to help students relate the concepts in this book to the decisions made by working managers. With insightful chapter openers, the popular Managerial Accounting in Action segments within the chapters, and stimulating end-of-chapter exercises, a student reading Garrison should never have to ask "Why am I learning this?" Balance: There’s more than one type of business, and so Garrison covers a variety of business models, including not-for-profit, retail, service, and wholesale organizations as well as manufacturing. In the eleventh edition, service company examples are highlighted with icons in the margins of the text. Clarity: Generations of students have praised Garrison for the friendliness and readability of its writing, but that’s just the beginning. Technical discussions have been simplified, material has been reordered, and the entire book carefully retuned to make teaching-and learning-from Garrison as easy as it can be. In addition, the supplements package is written by Garrison, Noreen, and Brewer, ensuring that students and professors will work with clear, well-written supplements that employ consistent terminology.

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From the Publisher:

Topic Tackler CD-Rom is a new CD free with every new copy of the text. Topic Tackler is unique because it integrates video clips, PowerPoint slides, interactive exercises, and a self-test for the two most difficult and/or important topics in each chapter into an integrated and guided study session. Students and instructors will appreciate this because, it is text-specific and reinforces the core concepts in the text. Icons in the margins of the text highlight the concepts covered in Topic Tackler. The navigation is incredibly simple and no installation is necessary. This means that students are able to get extra help with little effort needed by the professors.
Expanded coverage of service industry examples (this includes retail and non-profit) for a more balanced approach. These are now marked with a new 'S' icon in the text.
Chapter Eight on 'Activity-Based Costing' has been completely re-written and reorganized for better flow and easier comprehension, but still stresses decision-making. The more complex portions have been put into an appendix, where it may be included at the instructor's discretion.
The 'Income Taxes in Capital Budgeting Decisions' (was Chapter 15 in 9/e) has been reduced and moved into a shorter appendix- no longer a full chapter.
'In-Business' boxes, which offer glimpses into how real companies use managerial accounting concepts, have been thoroughly updated with several new examples. These demonstrate to students that what they are studying is relevant in the business world regardless of their major. Examples of international business practices are prevalent.
Author-Written Supplements- Unlike other managerial accounting texts, Garrison and Noreen write all of the text's supplements, insuring a perfect fit between text and supplement. For more information on Managerial Accounting's supplements package, see below.
Managerial Accounting in Action- These highly-praised vignettes depict cross-functional teams (employees from marketing, management, accounting, production, etc.) working together in real-life settings, working with the products and services that students recognize from their own lives. Students are shown step-by-step how accounting concepts are implemented into organizations and how these concepts are applied to solve everyday business problems. First, 'The Issue' or problem is introduced through a realistic dialogue; the student then walks-through the implementation process; and then 'The Wrap-Up' summarizes the big picture. Each vignette is between 3- 6 pages in length and contain numerical exhibits to promote understanding.
Praised 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. The problem and case material continues to conform to AECC and AACSB recommendations and makes a great starting point for class discussions and group projects. Other helpful features include: Writing assignments that encourage students to practice critical thinking. Ethics assignments serve as a reminder that good conduct is just as important as profits in business. Group projects can be assigned either as homework or as in-class discussion projects. Internet assignments teach students how to find information online and apply it to managerial accounting situations. Real-world data is used whenever possible to underscore the importance of managerial accounting in actual business practice.
Spreadsheet Integration- Spreadsheets have become an increasingly common budgeting tool for managerial accountants; therefore, to assist students in understanding how budgets look in a spreadsheet, all figures pertaining to budgeting will appear as Microsoft Excel� screen captures.
Student-centered writing- Garrison and Noreen write with the student in mind. No concept is ever used without first being defined. Every effort is made to help students understand the material with interesting 'In Business' examples and end of chapter material that corresponds lock-step with the chapter narrative.
Spreadsheet Application Template Software (SPATS)Prepared by Jack Terry of ComSource Associates, Inc., these Excel templates offer solutions to the Student SPATS version. Only available on the Instructor CD and the text's Website.
Check Figures provide key answers for selected problems and cases. They are available on the text's Website.
Online Learning Center (OLC) is a website that follows the text chapter-by-chapter. OLC content is ancillary and supplementary germane to the textbook, as students read the book, they can go online to take self-grading quizzes, review material, or work through interactive exercises. OLCs can be delivered multiple ways - professors and students can access them directly through the textbook website, through PageOut, or within a course management system (i.e. WebCT, Blackboard, TopClass, or eCollege.
PowerWeb.

About the Author:

Ray H. Garrison (B.S. and M.S. Brigham Young University, D.B.A. Indiana University) is emeritus Professor of Accounting at Brigham Young University, Provo, Utah. As a certified public accountant, he 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 him the Karl G. Maeser Distinguished Teaching Award from Brigham Young University.

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