Managerial accounting is the process of identifying, measuring, analyzing, interpreting, and communicating information to aid managers in making business decisions. It is a vital tool for organizations to identify opportunities for growth, increase efficiencies, and improve decision-making processes.
One of the most prominent authors on the subject of managerial accounting is the team of Ray H. Garrison, Eric W. Noreen, and Peter C. Brewer. Their textbook, Managerial Accounting, has been widely used in academic settings and in the business world.
Ray H. Garrison is a Professor Emeritus at Brigham Young University and has received multiple awards for his teaching and research in the field of managerial accounting. He has published over 100 articles in various academic journals and has also authored or coauthored more than 30 books on accounting.
Eric W. Noreen is a Professor Emeritus at the University of Washington and has extensive experience in teaching managerial accounting. He has also served as the Associate Editor for both the Journal of Management Accounting Research and the Journal of Accounting Literature.
Peter C. Brewer is a professional accountant and has held various positions in the industry, including Chief Executive Officer, Chief Financial Officer, and Controller. He has also taught at several universities and served as an editor and reviewer for various accounting journals.
Together, Garrison, Noreen, and Brewer provide a comprehensive and practical approach to managerial accounting through their textbook. They not only cover the fundamental concepts of managerial accounting but also provide real-world examples and case studies to help students and professionals understand how to apply these concepts in a business setting.
Their approach is also unique in that it emphasizes the importance of communication in managerial accounting. The authors believe that effective communication of financial information is essential for making sound business decisions. As such, the textbook includes sections on how to communicate financial information to non-financial managers, as well as how to analyze and communicate data effectively.
In addition to their textbook, Garrison, Noreen, and Brewer have also coauthored a series of financial and managerial accounting workbooks, as well as an online learning system, to enhance students’ learning and understanding of the subject.
In conclusion, the contributions of Ray H. Garrison, Eric W. Noreen, and Peter C. Brewer to the field of managerial accounting have been invaluable. Their textbook and other publications have been instrumental in educating future managers and helping organizations make informed decisions based on financial information.