, Final PDF to printer
Managerial
Accounting
Eighteenth Edition
Ray H. Garrison, D.B.A., CPA
Professor Emeritus
Brigham Young University
Eric W. Noreen, Ph.D., CMA
Professor Emeritus
University of Washington
Peter C. Brewer, Ph.D.
lighthouse image: Martin73/Shutterstock; big data image: INGARA/Shutterstock
Wake Forest University
With Contributions By
Norma R. Montague
Wake Forest University
ISTUDY
gar34509_fm_i-xxxiv.indd i 10/10/22 06:41 PM
,MANAGERIAL ACCOUNTING
Published by McGraw Hill LLC, 1325 Avenue of the Americas, New York, NY 10019. Copyright ©2024
by McGraw Hill LLC. All rights reserved. Printed in the United States of America. No part of this
publication may be reproduced or distributed in any form or by any means, or stored in a database or
retrieval system, without the prior written consent of McGraw Hill LLC, including, but not limited to,
in any network or other electronic storage or transmission, or broadcast for distance learning.
Some ancillaries, including electronic and print components, may not be available to customers outside
the United States.
This book is printed on acid-free paper.
1 2 3 4 5 6 7 8 9 LWI 28 27 26 25 24 23
ISBN 978-1-266-24861-0
MHID 1-266-24861-7
Cover Images: lighthouse image: Martin73/Shutterstock; big data image: INGARA/Shutterstock
All credits appearing on page or at the end of the book are considered to be an extension of the
copyright page.
The Internet addresses listed in the text were accurate at the time of publication. The inclusion of a
website does not indicate an endorsement by the authors or McGraw Hill LLC, and McGraw Hill LLC
does not guarantee the accuracy of the information presented at these sites.
mheducation.com/highered
, Final PDF to printer
About the
Authors
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
Ray H. Garrison
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
Eric W. Noreen
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.
Managerial Accounting E i g h t e e n t h Edi ti on iii
gar34509_fm_i-xxxiv.indd iii 10/10/22 06:41 PM
Managerial
Accounting
Eighteenth Edition
Ray H. Garrison, D.B.A., CPA
Professor Emeritus
Brigham Young University
Eric W. Noreen, Ph.D., CMA
Professor Emeritus
University of Washington
Peter C. Brewer, Ph.D.
lighthouse image: Martin73/Shutterstock; big data image: INGARA/Shutterstock
Wake Forest University
With Contributions By
Norma R. Montague
Wake Forest University
ISTUDY
gar34509_fm_i-xxxiv.indd i 10/10/22 06:41 PM
,MANAGERIAL ACCOUNTING
Published by McGraw Hill LLC, 1325 Avenue of the Americas, New York, NY 10019. Copyright ©2024
by McGraw Hill LLC. All rights reserved. Printed in the United States of America. No part of this
publication may be reproduced or distributed in any form or by any means, or stored in a database or
retrieval system, without the prior written consent of McGraw Hill LLC, including, but not limited to,
in any network or other electronic storage or transmission, or broadcast for distance learning.
Some ancillaries, including electronic and print components, may not be available to customers outside
the United States.
This book is printed on acid-free paper.
1 2 3 4 5 6 7 8 9 LWI 28 27 26 25 24 23
ISBN 978-1-266-24861-0
MHID 1-266-24861-7
Cover Images: lighthouse image: Martin73/Shutterstock; big data image: INGARA/Shutterstock
All credits appearing on page or at the end of the book are considered to be an extension of the
copyright page.
The Internet addresses listed in the text were accurate at the time of publication. The inclusion of a
website does not indicate an endorsement by the authors or McGraw Hill LLC, and McGraw Hill LLC
does not guarantee the accuracy of the information presented at these sites.
mheducation.com/highered
, Final PDF to printer
About the
Authors
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
Ray H. Garrison
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
Eric W. Noreen
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.
Managerial Accounting E i g h t e e n t h Edi ti on iii
gar34509_fm_i-xxxiv.indd iii 10/10/22 06:41 PM
