Managerial Accounting – Ray Garrison, Eric Noreen, Peter Brewer – 13th Edition


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. Garrisons Managerial Accounting, is known for its accuracy and rigor.

This is a well written book that provides comprehensive coverage of various aspects of managerial accounting. The author clearly and methodically covers the various topics pertaining to managerial accounting relevant to modern organizations.

The material in the book is well presented and the author gives several useful and helpful examples that reinforce the concepts and ideas presented in the book. I found the book to be very practical and easy to read and understand. The book is a useful and handy reference for managers working in various firms including service, retail, manufacturing and non-profit organisations. Among the subjects covered include activity-based costing, target costing, the value chain, customer profitability analysis, job-order costing, budgeting and performance evaluation.

The book is a valuable resource and guide for managers in various organizations and students doing an MBA, studying accounting or business studies at undergraduate or postgraduate level.

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  • 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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