The 11th edition of Managerial Accounting focuses on teaching students to use accounting information to best manage an organization. Each chapter is written around a realistic business or focus company that guides the reader through the topics of that chapter. The emphasis throughout the text is on using accounting information to help manage an organization, while explaining concepts in a way that students can relate to. The traditional tools of managerial accounting such as budgeting and product costing have been updated with current approaches. Emerging topics such as environmental cost management, monetizing the Internet, and time-driven activity-based costing are also discussed. Highlights: • Focus Companies: A hallmark features of this book, one focus company per chapter approach illustrate key concepts. • Contrast Company: Present in each chapter, this feature allows even greater emphasis on service-industry firms and other non-manufacturing environments. • Focus on Ethics: This feature poses ethical dilemmas or discusses ethical issues. • Updated Pedagogy: Revised pedagogical features are streamlined and contain condensed explanations. • Completely Revised ‘Build a Spreadsheet’: This popular feature has been completely revised for the eleventh edition.