Managerial Accounting [Hardcover]

Ray Garrison (Author), Eric Noreen (Author), Peter Brewer (Author)

Book Description

ISBN-10: 0073379611 | ISBN-13: 978-0073379616 | Publication Date: February 9, 2009 | Edition: 13

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. Garrison’s Managerial Accounting, is known for its accuracy and rigor. It is also unique in that the authors write the most important supplements that accompany the book: solutions manual, test bank, instructor’s manual, and study guide.

Editorial Reviews

About the Author

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 globe�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 & 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.

Peter C. Brewer is a professor in the Department of Accountancy at Miami University, Oxford, Ohio. He holds a BS degree in accounting from Penn State University, an MS degree in accounting from the University of Virginia, and a PhD from the University of Tennessee. He has published 30 articles in a variety of journals including: Management Accounting Research, the Journal of Information Systems, Cost Management, Strategic Finance, the Journal of Accountancy, Issues in Accounting Education, and the Journal of Business Logistics. Professor Brewer is a member of the editorial boards of Issues in Accounting Education and the Journal of Accounting Education. His article “Putting Strategy into the Balanced Scorecard” won the 2003 International Federation of Accountants’ Articles of Merit competition and his articles “Using Six Sigma to Improve the Finance Function” and “Lean Accounting: What’s It All About?” were awarded the Institute of Management Accountants’ Lybrand Gold and Silver Medals in 2005 and 2006. He has received Miami University’s Richard T. Farmer School of Business Teaching Excellence Award and has been recognized on two occasions by the Miami University Associated Student Government for “making a remarkable commitment to students and their educational development.” He is a leading thinker in undergraduate management accounting curriculum innovation and is a frequent presenter at various professional and academic conferences. Prior to joining the faculty at Miami University, Professor Brewer was employed as an auditor for Touche Ross in the firm’s Philadelphia office. He also worked as an internal audit manager for the Board of Pensions of the Presbyterian Church (U.S.A.). He frequently collaborates with companies such as Harris Corporation, Ghent Manufacturing, Cintas, Ethicon Endo-Surgery, Schneider Electric, Lenscrafters, and Fidelity Investments in a consulting or case writing capacity.

Product Details

• Hardcover: 896 pages
• Publisher: McGraw-Hill/Irwin; 13 edition (February 9, 2009)
• Language: English
• ISBN-10: 0073379611
• ISBN-13: 978-0073379616
• Product Dimensions: 11 x 9.2 x 1.4 inches
• Shipping Weight: 4.4 pounds (View shipping rates and policies)
• Average Customer Review: 3.8 out of 5 stars  See all reviews (55 customer reviews)
• Amazon Best Sellers Rank: #2,304 in Books (See Top 100 in Books)
  • #13 in Books > Business & Investing > Accounting
  • #77 in Books > Professional & Technical > Accounting & Finance

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Customer Reviews

Most Helpful Customer Reviews

13 of 13 people found the following review helpful:

3.0 out of 5 stars Decent Textbook...complicated homework, September 22, 2010

By 

E. Brady "Shadowstorm" (Cleveland, Ohio) - See all my reviews
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This review is from: Managerial Accounting (Hardcover)

After using this for my class I have to say that the explanations in the chapters does not prepare you very well from the homework questions at the end. These questions can literally take a hour each and the chapter just does not have enough examples to help you with them. I ended up buying the solutions manual off Amazon and it helped a TON. It also shows you how to calculate the problem so it really helps you learn not just give you the answer. If anyone is stuck with this book I would recommend getting the manual for extra help.

22 of 27 people found the following review helpful:

5.0 out of 5 stars This is the #1 Management Accounting Textbook and Worth the Investment Many Times Over, August 30, 2009

By 

Citizen John (USA) - See all my reviews
(TOP 50 REVIEWER)   

This review is from: Managerial Accounting (Hardcover)

In the industry we call this the "Lighthouse Series." It is the preeminent textbook in Management Accounting. My firm uses this book as a resource and it is available to us at work. I'm a practicing CPA, licensed in Washington, DC with a master's degree in accounting.

Initially I hesitated to review the 13th edition of the Lighthouse Series because it is hard to find something critical to say. But the authors dedicated this book "To our families and to our many colleagues who use this book." Management Accounting is meant to be the number one textbook in its field, which it is, and the number one management accounting resource to practicing accountants, which is also the case.

This book is dominant because of the enormous investment in making it simply the most student-friendly and resourceful text in the field. This is one of the few texts where no money was spared to make it what it is today, and the list of professors that contributed by being reviewers and consultants to this text is longer than any such list I have ever seen. You can hardly find any written work that has benefited from and survived such scrutiny.

The three authors are famous within the profession as they have published many scholarly articles in the professional journals. But what impresses me more is that they have all won major awards for teaching, even awards that were decided by students. I am even more impressed with star teacher accountants than prolific publisher accountants because their contribution will ultimately be greater.

There are many topics covered in this text and the following is just a sample: job order costing; process costing; activity-based costing; cost-volume-profit; inventory; balanced scorecard; overhead application and analysis; budgeting; financial statement analysis; decentralization and segment reporting; valuation methods; management investment projects; decision-making of all types including make-or-buy and allocation type decisions and much more.

The textbook is part of a set that is produced and reviewed by all the same people. The 896 page hardcover with good paper stock and sturdy binding is a fraction of the material. You also get the best supplements of any book within the subject of accounting, and fortunately you can use one password to access all of the book's online resources. These supplements include but are not limited to Homework Manager (a lot of problems of which only a fraction would be assigned by a professor with instant feedback); Online Curriculum Center (contains many Internet-based activities such as quizzes, tours and even information about careers and jobs); Topic Tackler Plus (interactive multimedia lessons); Workbook Study Guide; Templates; Practice Sets; Notes and Study Aids. Again, no expense has been spared and the list of professors that added value to these resources is extensive almost beyond belief.

Finally I am surprised at the relatively low cost on Amazon considering the quality of the textbook, the online resources behind the text and the money spent to produce this 13th edition of the Lighthouse Series. I know that for students, it is not a cheap book, but it is not as expensive as many textbooks with far less expertise and resources required for production.

8 of 9 people found the following review helpful:

4.0 out of 5 stars Suzi's Review, August 4, 2009

By 

S. Johns (Sacaton, AZ USA) - See all my reviews
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This review is from: Managerial Accounting (Hardcover)

This book although heavy and very expensive does the job! Some chapters are a bit long and make you sleepy, but the information is very good. The book guides you step by step and that is very handy when you haven't been in intro accounting for a while. I find it very helpful.