Managerial Accounting Tenth Canadian Edition

Book Preface

Your guide through the challenges of learning managerial accounting

Relevance. Every effort is made to help students relate the concepts in this book to the decisions made by managers in practice. With chapter openers based on real-world scenarios, in-chapter examples providing practical applications, knowledge in action summaries, and extensive end-of-chapter material, a student reading Garrison should never have to ask, “Why am I learning this?”

Balance. Garrison provides extensive examples and end-of-chapter material covering the breadth of business types found in practice, including manufacturing, service, retail, wholesale organizations, and not-for-profit entities. In the tenth Canadian edition, material related to the adoption of International Financial Reporting Standards (IFRS) continues to be highlighted with icons in the margins of the text.

Clarity. Generations of students have praised Garrison for the accessibility and readability of its writing, but that’s just the beginning. Discussions of technical material have been simplified, chapters have been reordered, more specialized topics have been moved to online appendices, and the entire book has been thoroughly revised with the objective of making learning and teaching from Garrison as easy as possible. Key term definitions and icons signifying ethics, writing, and Excel assignments continue to add clarity for both students and instructors. In addition, students and instructors will work with clear, well-written supplements that employ consistent terminology.

The authors’ steady focus on these three core elements has led to tremendous results

Brief Contents

SECTION 1 Overview and Foundation 1
Chapter One Managerial Accounting and the Business Environment 2
Chapter Two Cost Terms, Concepts, and Classifications 26
Chapter Three Cost Behaviour : Analysis and Use 65
Chapter Four Cost–Volume–Profit Relationships 103
SECTION 2 Costing 152
Chapter Five Systems Design: Job-Order Costing 153
Chapter Six Systems Design: Process Costing 212
Chapter Seven Activity-Based Costing: A Tool to Aid Decision Making 249
Chapter Eight Variable Costing: A Tool for Management 306
SECTION 3 Planning and Control 342
Chapter Nine Budgeting 343
Chapter Ten Standard Costs and Overhead Analysis 399
Chapter Eleven Reporting for Control 480
SECTION 4 Short-Term and Long-Term Decisions 525
Chapter Twelve Relevant Costs for Decision Making 526
Chapter Thirteen Capital Budgeting Decisions 583
SECTION 5 External Reporting and Analysis 645
Online Chapter Fourteen Financial Statement Analysis 647