Introduction to Managerial Accounting by Folk/Garrison/Noreen is based on the market-leading text, Managerial Accounting, by Garrison and Noreen. However, this is not simply a briefer book with chapters removed; it has been rethought and retooled to meet the needs demanded by the market: a more accessible, yet thorough student-friendly text that satisfies the basic needs of the managerial accounting student without unnecessary depth on advanced topics associated with the follow-up course, cost accounting/cost management. Faculty and students alike will find this new text has retained the hallmark features of the Garrison/Noreen text: author-written supplements; excellent readability; terrific examples; thorough, relevant, and balanced end of chapter material. In sum, this is a book instructors can count on! Features Focus on Decision Making & Active Learning- Decision Features are chapter-openers that show use real world examples to show how accounting information is used to make everyday business decisions. An example is Chapter 13 on ????????????????Statement of Cash Flows,??????????????? which examines how shaky cash flow statements have affected online retailers or ????????????????e-tailers.??????????????? You Decide boxes challenge students to apply the tools of analysis and make decisions. Suggested solutions are located at the end of each chapter. (Example, Chapter 9, Budget Analyst). Decision-Maker features are critical thinking questions based on real world scenarios that require the resolution of a business issue. Suggested solutions are located at the end of each chapter. (Example: Chapter 3, Hospital Administrator). Topic Tackler CD-ROM- This exciting, interactive CD was created by author Jeannie Folk to help students with the concepts they typically find the most difficult to learn. These concepts are highlighted in the text with the topic tackler icon, referring students to the CD for additional instruction. The material on the CD includes an innovative, step-by-step integration of a video segment, PowerPoint????????? slide show, a practice session and a self-test for each difficult-to-master concept. The following are examples of the difficult-to-master topics that are included in Topic Tackler: Application of Overhead Computing Activity Rates and Product Costs Equivalent Units Cost Reconciliation (Process Costing) Contribution Format Income Statement Budgeting Process (Merchandiser) Flexible Budgets Variance Analysis (Direct Materials, Direct Labor and Overhead) Adding and Dropping Product Lines or Segments Make or Buy Decisions Net Present Value Method for Capital Budgeting Classifying Cash Flows Author Written Supplements- Every supplement is written by the authors, which drastically cuts down on errors and ensures identical terminology, guaranteeing the best student comprehension and ease of faculty use. In addition, every supplement is written in step with every chapter. Using the integrated writing method, the authors wrote all Chapter One supplements in tandem with Chapter One of the text before moving on to Chapter Two, etc. This method was repeated for the entire text. More Accessible End of Chapter Material- Brief Exercises - While much of the highly-praised end of chapter material Garrison/Noreen is known for has largely been retained, this text also includes Brief Exercises. Each Brief Exercise covers a single learning objective. These simple exercises serve as building blocks to prepare the student for the longer exercises and problems. Faculty can use the brief exercises as quick exercises for completion in class, and the main exercises and problems for homework assignments. Building Your Skills ?????????????????? The Building Your Skills section contains problem materials that help students develop communication, team work, Internet, and analytical skills. Every chapter contains the following exercises: Communicating in Practice, Ethics Challenge, Taking it to the Net, Teamwork in Action, and Analytical Thinking exercises. General Features- Like the Garrison/Noreen text, the most attractive features of the Folk/Garrison/Noreen text are its outstanding writing style, clear and balanced presentation of relevant subject matter, wide selection of reliable problems and end of chapter material, and an extensive author-driven supplements package that is timely and accurate. Like Garrison/Noreen, this is a book that instructors can count on. The In Business Today feature integrates real examples throughout the world by providing examples of how companies apply or are affected by a managerial accounting issue, concept or tool. The Managerial Accounting in Action feature is used to introduce core concepts and stimulate interest. They incorporate real products and services to which students can relate. Exhibits in selected chapters are presented in Excel Spreadsheet screen captures. Such spreadsheets are now routinely used in business to prepare analyses and reports. NetTutor Net Tutor allows tutors and students to communicate with each other in a variety of ways: through a Live Tutoring Center, a Q&A Center, and an Archive Center. The Live Tutoring Center enables a tutor to hold an interactive, on-line tutoring session with a student M-F from 3-11 PM. Students work with qualified accounting tutors who have copies of the Folk/Garrison/Noreen text on-hand to help guide students through difficult problems or concepts. Students benefit by having access to tutors day and night, which is especially helpful to busy students with jobs and/or families or other personal commitments who cannot make it to faculty office hours or on-campus tutors. The Q&A Center allows students to submit questions and retrieve answers within 24 hours via email. The Archive Center allows students to browse previously asked questions for their answers. These are organized by book, chapter and topic allowing students to find solutions intuitively. They can also search for questions pertinent to a particular topic. If they encounter an answer they do not understand, they can ask a follow-up question. Table of Contents Managerial Accounting and the Business Environment Chp.1 An Introduction to Managerial Accounting and Cost Concepts Chp.2 Systems Design:Job-Order Costing Chp.3 Systems Design:Activity Based Costing Chp.4 Systems Design:Process Costing Chp.4 (supplement)Process Costing Using the FIFO Method Chp.5 Cost Behavior:Analysis and Use Chp.6 Cost-Volume-Profit Relationships Chp.7 Profit Planning Chp.8 Standard Costs Chp.9 Flexible Budgets and Overhead Analysis Chp.10 Decentralization Chp.11 Relevant Costs for Decision Making Chp.12 Capital Budgeting Decisions Chp.13 "How Well Am I Doing?" Statement of Cash Flows Chp.14 "How Well Am I Doing?" Financial Statement Analysis