Review of Managerial Accounting Asia Global Edition 2e Pdf 446
Managerial Accounting Asia Global Edition 2e Pdf 446 is a book that covers the principles and practices of managerial accounting in the Asian context. The book is written by Ray H. Garrison, Eric W. Noreen, Peter C. Brewer, Nam Sang Cheng, and Katherine C. K. Yuen, and published by McGraw-Hill Education in 2016.
The book aims to provide students with a clear, accurate, and relevant understanding of managerial accounting concepts and applications. The book adopts a five-step approach to managerial accounting that involves identifying the problem, obtaining information, making predictions, making decisions, and implementing and evaluating the decision.
The book also features real-world examples and cases from various Asian countries and industries to illustrate how managerial accounting is used in practice. The book covers topics such as cost concepts and behavior, cost-volume-profit analysis, job-order costing, activity-based costing, budgeting, variance analysis, performance measurement, balanced scorecard, capital budgeting, and more.
The book is suitable for undergraduate and postgraduate students who are studying managerial accounting or related courses. The book is also useful for managers and professionals who want to refresh their knowledge of managerial accounting or learn more about the Asian perspective.
The book comes with a companion website that offers online resources such as quizzes, videos, news articles, and solutions manual. The book can be downloaded as a pdf file from various online sources.
The book also discusses the benefits and challenges of managerial accounting in the modern business environment. Some of the benefits of managerial accounting are:
Better decision making: Managerial accounting helps in effective decision making for an organization by providing relevant, timely, and accurate information to managers[^1^].
Increase business efficiency: Managerial accounting aims at increasing the overall efficiency of the business by identifying and eliminating wasteful activities, improving resource allocation, and enhancing operational performance[^1^].
Simplify financial statements: Managerial accounting simplifies the information contained in financial statements by focusing on the key aspects that are useful for internal users[^1^].
Raise profitability: Managerial accounting helps in raising the profitability of the organization by analyzing the costs and benefits of different alternatives, optimizing the product mix and pricing, and controlling the variances between actual and budgeted results[^2^].
Motivate employees: Managerial accounting motivates employees by setting realistic and attainable goals, providing feedback and incentives, and fostering a culture of accountability and teamwork[^1^].
Cost transparency: Managerial accounting provides cost transparency by tracing the costs of each product, service, activity, or customer to their respective sources[^2^]. This helps in identifying the profitable and unprofitable segments of the business and taking appropriate actions.
Reliability: Managerial accounting is reliable because it is based on factual data and verifiable evidence rather than assumptions or estimates[^3^].
Some of the challenges of managerial accounting are:
Complexity: Managerial accounting involves dealing with complex and dynamic situations that require constant adaptation and innovation[^3^]. It also requires a high level of analytical and problem-solving skills to handle various data sources and methods.
Subjectivity: Managerial accounting is subject to subjectivity because it depends on the judgment and interpretation of the managers who use it[^3^]. Different managers may have different perspectives, preferences, or biases that may affect their decisions.
Costly: Managerial accounting can be costly because it requires a lot of resources, such as time, money, personnel, and technology, to collect, process, analyze, and report the information[^3^]. It also requires regular updating and maintenance to ensure its accuracy and relevance.
Ethical issues: Managerial accounting may raise ethical issues because it involves dealing with sensitive and confidential information that may affect the interests of various stakeholders[^3^]. It also requires honesty and integrity from the managers who use it to avoid manipulation or misrepresentation of the information.
The book concludes by highlighting the importance and future trends of managerial accounting in the globalized and competitive business world. It emphasizes the need for managerial accountants to be proactive, strategic, ethical, and adaptable to cope with the changing demands and expectations of their organizations and stakeholders. 061ffe29dd