Garrison Managerial Accounting 17e
Garrison Managerial Accounting 17e
Garrison Managerial Accounting 17e
17th Edition
Ray Garrison, Eric Noreen, Peter Brewer
As the long-time #1 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 relevance, accuracy, and clarity. It is alsounique in
that the authors write the most important supplements that accompany the book: solutionsmanual, test
bank, instructor's manual, and study guide making them both of high quality andextremely consistent
with the textbook.
New In Connect:
Excel Analytics – In Excel Analytics, students work
with complex datasets; filter data; learn Excel
functionality such as Goal Seek, Pivot Tables, and
Solver; and build data visualizations that tell the
accounting and analytics story. These activities ask
students to think critically and holistically about the
story they have created.
• NEW! Free mobile access to SmartBook 2.0 assignments and the digital textbook with the
ReadAnywhere app.
• NEW! Remoting proctoring and browser-locking capabilities allowing for more control over the
integrity of online assessments.
Prologue
• The Prologue has added coverage of the CSCA exam and provided an updated version of the IMA’s
Statement of Ethical Professional Practice. It also includes a new In Business box that introduces
students to the IMA’s Management Accounting Competency Framework.
Chapter 1
• LO 1-5 was restated to focus on relevant and irrelevant costs. The terms ‘controllable and uncontrollable
costs’ as well as ‘value-added’ and ‘non-value-added costs’ were added to the chapter.
• Four new In Business boxes were added.
• The Cost of Quality appendix was deleted and a subset of the deleted material was move to Chapter 12
(Strategic Performance Measurement Systems).
Chapter 2
• Added three new In Business boxes.
Chapter 3
• Revised the format of the schedule of cost of goods manufactured. Added one new In Business box.
Chapter 4
• Added one new In Business box.
Chapter 5
• Tweaked the discussion of operating leverage to better highlight its emphasis on analyzing changes in
sales volume.
• Revised Problems 5-19, 5-24, and 5-25.
• Added a new Business Focus feature and one new In Business box.
Chapter 6
• Added a new Business Focus features.
Chapter 7
• Added a new Business Focus feature and two new In Business boxes.
Chapter 8
• Cut in half the discussion of “Why and How Organizations Create Budgets” while retaining all the key
insights.
• Added two new In Business boxes.
Chapter 9
• Replaced the learning objective related to “common errors” with a learning objective that focuses on
preparing a flexible budget performance report with more than one cost driver.
Chapter 10
• Added three new In Business boxes.
Chapter 11
• Changed the chapter title to Responsibility Accounting Systems.
• Removed coverage of operating performance measures and the balanced scorecard.
• Moved the subject matter from what were Appendices 11A (Transfer Pricing) and 11B (Service Department
Charges) to the main body of the chapter.
Chapter 12
• This is a new chapter. It greatly expands our coverage of the balanced scorecard and corporate social
responsibility.
• The chapter includes nine new end-of-chapter exercises and problems.
Chapter 13
• Added three new In Business boxes
Chapter 14
• Revised the formula for the profitability index to become “Present value of cash inflows ÷ Investment
required.”
• Added a footnote that explains how to use Microsoft Excel’s IRR functionality to compute the internal rate