Managerial Accounting: Creating Value in a Dynamic Business Environment, 10th Edition

Book Preface

Managerial Accounting.

Business is changing dramatically, with a global marketplace for goods and services, a worldwide supply chain, and dramatic increases in technological innovation. To keep up, managers must be able to interpret the rapid fl ow of information and make the right decisions. Assisted by the tools of managerial accounting, and by managerial accounting professionals, managers will work side by side in global cross functional teams to make the complex decisions that today’s dynamic business environment requires of them. The goal of Managerial Accounting is to acquaint students of business with the fundamental tools of managerial accounting and to promote their understanding of the dramatic ways in which business is changing. The emphasis throughout the text is on using accounting information to help manage an organization. Students should not only be able to produce accounting information, but also understand how managers are likely to use and react to the information in a range of businesses.