Managerial Accounting Asia Global Edition is the 2nd edition of Managerial Accounting: An Asian Perspective which was an adaptation of the popular textbook Managerial Accounting by Garrison, Noreen, and Brewer. In addition to the major changes highlighted in the first edition of the textbook, the authors have made the following changes to the text in response to feedback and suggestions from reviewers and faculty who have adopted the book for their teaching. - Added two NEW chapters: Statement of Cash Flows (Chapter 16) and Financial Statement Analysis (Chapter 17), with financial statements presented in the format in accordance with the International Financial Reporting Standards (IFRS).
- Introduced Two NEW end-of-chapter features in most chapters: The Foundational 15 and Applying Excel.
- Added NEW IN BUSINESS boxes throughout to provide relevant and updated real-world examples, expert’s advisory/comments, and statistics of management accounting practices for use in classroom discussion and to support student understanding of key concepts as they read through a chapter.
- Introduced NEW IN GOVERNMENT boxes to provide relevant real-life practicing of management accounting techniques employed by governments or government agents.
- NEW problems (with suggested answers) have been added to the question banks available only to instructors adopting the textbook.
- Majority of the chapters have been renamed: Chapters 2, 5, 6, 8, 9, 10, 12, 13 and 14.
To each chapter, we have also done the following: Chapter 1 – Managerial Accounting and the Business Environment - Rewrote the chapter significantly by:
- Shifting the differences between financial and management accounting to this chapter from Chapter 2.
- Highlighting how management accounting can be used as a tool for value creation and management.
- Adding various strategic perspectives of management accounting including leadership and culture.
- Updated with In Business boxes and latest statistics.
Chapter 2 – Cost Concepts - Updated with new In Business boxes.
- Added a Supplement C to provide a clear visual demonstration and explanation on how product costs are recorded in manufacturing companies.
- Re-labeled and renumbered learning objectives pertaining to moving differences between financial and management accounting to Chapter 1.
Chapter 3 – Cost Behavior: Analysis and Use - Updated with new In Business boxes.
Chapter 4 – Cost-Volume-Profit Relationships - Swapped learning objectives 5 and 6 pertaining to the change of the flow of the contents.
- Introduced and proved a simple formula for breakeven percentage: (fixed expense divided by contribution margin) x 100%.
- Emphasized the ease of using breakeven percentage for getting breakeven information, especially for multiproduct breakeven computation as no product mix information being required.
- Updated with new In Business boxes.
- Relocated the proof of the breakeven ratio relationship with margin of safety and degree of operating leverage to Appendix 4A.
- Renumbered the proof of the relationship between margin of safety and degree of operating leverage to Appendix 4B.
Chapter 5 – Absorption Costing and Variable Costing - Updated with new Business Focus.
- Improved and added explanations for the Exhibits in Appendix 5C.
Chapter 6 – Cost Allocations of Service Departments - Updated with new In Business and In Government boxes.
Chapter 7 – Activity-Based Costing: A Tool to Aid Decision Making - Updated with new Business Focus, In Business and In Government boxes.
Chapter 8 – Job-Order Costing - Renumbered learning objectives after inserting a new learning objective (LO4) - Compute the total cost and average cost per unit of a job
- Updated with new In Business and In Government boxes.
Chapter 9 – Process Costing - Added a new In Government box.
Chapter 10 – Master Budgeting - Updated with new In Business and In Government boxes.
Chapter 11 – Flexible Budgets and Performance Analysis - Inserted variance analysis cycle and management by exception (previously in Chapter 12, Standard Costs and Operating Performance Measures) in the front of this chapter.
- Updated with new Business Focus, In Business and In Government boxes.
Chapter 12 – Standard Costs and Variances - Renumbered learning objectives pertaining to the content related to
- Elimination of minor details on how materials and direct labor standards are being set to focus on the application of the standards.
- “Compute delivery cycle time, throughput time, and manufacturing cycle efficiency (MCE)” being moved to Chapter 13.
- Improved explanation on the generalized row-by-row variance calculations introduced in the supplementary note section.
- Updated chapter’s example.
- Updated with new In Business boxes.
Chapter 13 – Performance Measurement in Decentralized Organizations - Renumbered learning objectives after inserting a learning objective (LO4) pertaining to the content related to “compute delivery cycle time, throughput time, and manufacturing cycle efficiency (MCE)” being moved from Chapter 12.
- Updated with new Business Focus, In Business and In Government boxes.
Chapter 14 – Differential Analysis: The Key to Decision Making - Extended the chapter example to identify different relevant costs for different decisions.
- Updated explanation on the deprival value concept.
- Updated with new In Business boxes.
Chapter 15 – Capital Budgeting Decisions - Explained the pros and cons of the total cost approach method and the incremental method of capital budgeting.
- Updated with new Business Focus and In Business boxes.
Chapter 16 – Statement of Cash Flows Chapter 17 – Financial Statement Analysis | 
2015
McGraw-Hill Education Asia