The Sixteenth Edition of Managerial Accounting builds on the basic philosophy of relevance, accuracy, and clarity reflected in all previous editions. The text continues to focus on explaining the concepts in a simple manner while providing easy-to-follow examples. The book gives exhaustive coverage on the subject area while interspersing the text with a host of pedagogical features. Praised by faculty and students alike for its real-world examples and cases, the book gives insights into service-based economies, IFRS