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 organizationsplan operations, control activities, and make decisionsand explains what accounting information is necessary for these functions, how to collect it, and how to interpret it. To achieve this, Managerial Accounting, 12/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. Theres 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 twelfth 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 thats just the beginning. Technical discussions have been simplified, material has been reordered, and the entire book carefully retuned to make teachingand learningfrom 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.

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.Eric W. Noreen is a globeand#64979;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 and 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.

Chapter 1: Managerial Accounting and the Business and Environment

Chapter 2: Cost Terms, Concepts, and Classifications

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: Standard Costs and the Balanced Scorecard

Chapter 11: Flexible Budgets and Overhead Analysis

Chapter 12: Segment Reporting and Decentralization

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