Peter Brewer and Ray Garrison and Eric Noreen Managerial accounting, also known as cost accounting, is the process of identifying, measuring, analyzing, interpreting, and communicating information to managers for the pursuit of an. Managers need to rely upon different classifications of costs for different purposes. The four main purposes emphasized in this chapter include preparing external financial reports, predicting cost behavior, assigning costs to cost objects, and making business decisions. [Ray H Garrison; Eric W Noreen; Peter C Brewer Designed as a student text, this book provides an introduction to all facets of managerial accounting. It is divided into lessonsized chapters, each of which begins with a list of learning. Garrison's Managerial Accounting is known for its relevance, accuracy, and clarity. 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