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


As the long-time best-seller, Garrison has helped guide close to 3 million 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 –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 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, 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 studies at undergraduate or postgraduate level.

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
1 Comment
Inline Feedbacks
View all comments
Would love your thoughts, please comment.x