Ray H. Garrison is emeritus professor of accounting at Brigham Young University, Provo, Utah. He received his BS and MS degrees from Brigham Young University and his DBA degree from Indiana University. As a certified public accountant, Professor Garrison has been involved in management consulting work with both national and regional accounting firms. He has published articles in The Accounting Review, Management Accounting, and other professional journals. Innovation in the classroom has earned Professor Garrison the Karl G. Maeser Distinguished Teaching Award from Brigham Young University. Eric W. Noreen has taught at INSEAD in France and the Hong Kong Institute of Science and Technology and is emeritus professor of accounting at the University of Washington. Currently, he is the Accounting Circle Professor of Accounting, Fox School of Business, Temple University. He received his BA degree from the University of Washington and MBA and PhD degrees from Stanford University. A Certified Management Accountant, he was awarded a Certificate of Distinguished Performance by the Institute of Certified Management Accountants. Professor Noreen has served as associate editor of The Accounting Review and the Journal of Accounting and Economics. He has numerous articles in academic journals including the Journal of Accounting Research; The Accounting Review; the Journal of Accounting and Economics; Accounting Horizons; Accounting, Organizations and Society; Contemporary Accounting Research; the Journal of Management Accounting Research; and the Review of Accounting Studies. Professor Noreen has won a number of awards from students for his teaching.  Peter C. Brewer teaches in the Department of Accountancy at Wake Forest University. Prior to joining the faculty at Wake Forest, he was an accounting professor at Miami University for 19 years. He holds a BS degree in accounting from Penn State University, an MS degree in accounting from the University of Virginia, and a PhD from the University of Tennessee. He has published more than 40 articles in a variety of journals including Management Accounting Research; the Journal of Information Systems; Cost Management; Strategic Finance; the Journal of Accountancy; Issues in Accounting Education; and the Journal of Business Logistics. Professor Brewer has served on the editorial boards of the Journal of Accounting Education and Issues in Accounting Education. His article “Putting Strategy into the Balanced Scorecard” won the 2003 International Federation of Accountants’ Articles of Merit competition, and his articles “Using Six Sigma to Improve the Finance Function” and “Lean Accounting: What’s It All About?” were awarded the Institute of Management Accountants’ Lybrand Gold and Silver Medals in 2005 and 2006. He has received Miami University’s Richard T. Farmer School of Business Teaching Excellence Award. Professor Brewer and his wife own a Howdy Homemade Ice Cream shop in Asheville, North Carolina (www.howdyavl.com). Howdy Homemade’s highest priority is recruiting, training, retaining, and promoting its employees—the majority of whom have intellectual and developmental disabilities. The company’s employees “pay it forward” by serving all members of their community and inspiring all of us to realize the potential in each of us.

• Prologue:Managerial Accounting: An OverviewChapterOne: Managerial Accounting and Cost ConceptsChapterTwo: Job-Order Costing: Calculating Unit Product CostsChapterThree: Job-Order Costing: Cost Flows and External ReportingChapterFour: Process CostingChapterFive: Cost-Volume-Profit RelationshipsChapterSix: Variable Costing and Segment Reporting: Tools for ManagementChapterSeven: Activity-Based Costing: A Tool to Aid Decision MakingChapterEight: Master BudgetingChapterNine: Flexible Budgets and Performance AnalysisChapterTen: Standard Costs and VariancesChapterEleven: Responsibility Accounting SystemsChapterTwelve: Strategic Performance MeasurementChapterThirteen: Differential Analysis: The Key to Decision MakingChapterFourteen: Capital Budgeting DecisionsChapterFifteen: Statement of Cash FlowsChapterSixteen: Financial Statement AnalysisIntegration Exercises: An Overview

Ray H. Garrison is emeritus professor of accounting at Brigham Young University, Provo, Utah. He received his BS and MS degrees from Brigham Young University and his DBA degree from Indiana University. As a certified public accountant, Professor Garrison has been involved in management consulting work with both national and regional accounting firms. He has published articles in The Accounting Review, Management Accounting, and other professional journals. Innovation in the classroom has earned Professor Garrison the Karl G. Maeser Distinguished Teaching Award from Brigham Young University. Eric W. Noreen has taught at INSEAD in France and the Hong Kong Institute of Science and Technology and is emeritus professor of accounting at the University of Washington. Currently, he is the Accounting Circle Professor of Accounting, Fox School of Business, Temple University. He received his BA degree from the University of Washington and MBA and PhD degrees from Stanford University. A Certified Management Accountant, he was awarded a Certificate of Distinguished Performance by the Institute of Certified Management Accountants. Professor Noreen has served as associate editor of The Accounting Review and the Journal of Accounting and Economics. He has numerous articles in academic journals including the Journal of Accounting Research; The Accounting Review; the Journal of Accounting and Economics; Accounting Horizons; Accounting, Organizations and Society; Contemporary Accounting Research; the Journal of Management Accounting Research; and the Review of Accounting Studies. Professor Noreen has won a number of awards from students for his teaching.  Peter C. Brewer teaches in the Department of Accountancy at Wake Forest University. Prior to joining the faculty at Wake Forest, he was an accounting professor at Miami University for 19 years. He holds a BS degree in accounting from Penn State University, an MS degree in accounting from the University of Virginia, and a PhD from the University of Tennessee. He has published more than 40 articles in a variety of journals including Management Accounting Research; the Journal of Information Systems; Cost Management; Strategic Finance; the Journal of Accountancy; Issues in Accounting Education; and the Journal of Business Logistics. Professor Brewer has served on the editorial boards of the Journal of Accounting Education and Issues in Accounting Education. His article “Putting Strategy into the Balanced Scorecard” won the 2003 International Federation of Accountants’ Articles of Merit competition, and his articles “Using Six Sigma to Improve the Finance Function” and “Lean Accounting: What’s It All About?” were awarded the Institute of Management Accountants’ Lybrand Gold and Silver Medals in 2005 and 2006. He has received Miami University’s Richard T. Farmer School of Business Teaching Excellence Award. Professor Brewer and his wife own a Howdy Homemade Ice Cream shop in Asheville, North Carolina (www.howdyavl.com). Howdy Homemade’s highest priority is recruiting, training, retaining, and promoting its employees—the majority of whom have intellectual and developmental disabilities. The company’s employees “pay it forward” by serving all members of their community and inspiring all of us to realize the potential in each of us.

• Prologue:Managerial Accounting: An OverviewChapterOne: Managerial Accounting and Cost ConceptsChapterTwo: Job-Order Costing: Calculating Unit Product CostsChapterThree: Job-Order Costing: Cost Flows and External ReportingChapterFour: Process CostingChapterFive: Cost-Volume-Profit RelationshipsChapterSix: Variable Costing and Segment Reporting: Tools for ManagementChapterSeven: Activity-Based Costing: A Tool to Aid Decision MakingChapterEight: Master BudgetingChapterNine: Flexible Budgets and Performance AnalysisChapterTen: Standard Costs and VariancesChapterEleven: Responsibility Accounting SystemsChapterTwelve: Strategic Performance MeasurementChapterThirteen: Differential Analysis: The Key to Decision MakingChapterFourteen: Capital Budgeting DecisionsChapterFifteen: Statement of Cash FlowsChapterSixteen: Financial Statement AnalysisIntegration Exercises: An Overview

Ray H. Garrison is emeritus professor of accounting at Brigham Young University, Provo, Utah. He received his BS and MS degrees from Brigham Young University and his DBA degree from Indiana University. As a certified public accountant, Professor Garrison has been involved in management consulting work with both national and regional accounting firms. He has published articles in The Accounting Review, Management Accounting, and other professional journals. Innovation in the classroom has earned Professor Garrison the Karl G. Maeser Distinguished Teaching Award from Brigham Young University. Eric W. Noreen has taught at INSEAD in France and the Hong Kong Institute of Science and Technology and is emeritus professor of accounting at the University of Washington. Currently, he is the Accounting Circle Professor of Accounting, Fox School of Business, Temple University. He received his BA degree from the University of Washington and MBA and PhD degrees from Stanford University. A Certified Management Accountant, he was awarded a Certificate of Distinguished Performance by the Institute of Certified Management Accountants. Professor Noreen has served as associate editor of The Accounting Review and the Journal of Accounting and Economics. He has numerous articles in academic journals including the Journal of Accounting Research; The Accounting Review; the Journal of Accounting and Economics; Accounting Horizons; Accounting, Organizations and Society; Contemporary Accounting Research; the Journal of Management Accounting Research; and the Review of Accounting Studies. Professor Noreen has won a number of awards from students for his teaching.  Peter C. Brewer teaches in the Department of Accountancy at Wake Forest University. Prior to joining the faculty at Wake Forest, he was an accounting professor at Miami University for 19 years. He holds a BS degree in accounting from Penn State University, an MS degree in accounting from the University of Virginia, and a PhD from the University of Tennessee. He has published more than 40 articles in a variety of journals including Management Accounting Research; the Journal of Information Systems; Cost Management; Strategic Finance; the Journal of Accountancy; Issues in Accounting Education; and the Journal of Business Logistics. Professor Brewer has served on the editorial boards of the Journal of Accounting Education and Issues in Accounting Education. His article “Putting Strategy into the Balanced Scorecard” won the 2003 International Federation of Accountants’ Articles of Merit competition, and his articles “Using Six Sigma to Improve the Finance Function” and “Lean Accounting: What’s It All About?” were awarded the Institute of Management Accountants’ Lybrand Gold and Silver Medals in 2005 and 2006. He has received Miami University’s Richard T. Farmer School of Business Teaching Excellence Award. Professor Brewer and his wife own a Howdy Homemade Ice Cream shop in Asheville, North Carolina (www.howdyavl.com). Howdy Homemade’s highest priority is recruiting, training, retaining, and promoting its employees—the majority of whom have intellectual and developmental disabilities. The company’s employees “pay it forward” by serving all members of their community and inspiring all of us to realize the potential in each of us.

• Prologue:Managerial Accounting: An OverviewChapterOne: Managerial Accounting and Cost ConceptsChapterTwo: Job-Order Costing: Calculating Unit Product CostsChapterThree: Job-Order Costing: Cost Flows and External ReportingChapterFour: Process CostingChapterFive: Cost-Volume-Profit RelationshipsChapterSix: Variable Costing and Segment Reporting: Tools for ManagementChapterSeven: Activity-Based Costing: A Tool to Aid Decision MakingChapterEight: Master BudgetingChapterNine: Flexible Budgets and Performance AnalysisChapterTen: Standard Costs and VariancesChapterEleven: Responsibility Accounting SystemsChapterTwelve: Strategic Performance MeasurementChapterThirteen: Differential Analysis: The Key to Decision MakingChapterFourteen: Capital Budgeting DecisionsChapterFifteen: Statement of Cash FlowsChapterSixteen: Financial Statement AnalysisIntegration Exercises: An Overview