Managerial Accounting 15th Edition by Ray Garrison and Eric Noreen is replete with examples from service-based businesses. A helpful icon distinguishes service-related examples in the text. “In Business” 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.
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.
Chapter 1 has been completely overhauled to help all business students better understand why managerial accounting is relevant to their future careers.
Chapter 2 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 6 The coverage of variable and absorption costing has been reorganized so that variable costing is discussed first followed by absorption costing. The coverage of segmented income statements has been moved from Chapter 12 in the prior edition of the book to this chapter. The common theme that now joins together the chapter’s two main topics is the contribution format income statement. The chapter now demonstrates how the contribution format is used for Variable Costing income statements and how it can be used for segmented income statements.
Chapter 14 This chapter has been completely overhauled to simplify the process of creating a statement of cash flows.
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