Managerial Accounting

About the Author\nRay H. Garrison (B.S. and M.S. Brigham Young University, D.B.A. Indiana University) is emeritus Professor of Accounting at Brigham Young University, Provo, Utah. As a certified public accountant, he 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 him the Karl G. Maeser Distinguished Teaching Award from Brigham Young University.\nR. Alan Webb is an Associate Professor in the School of Accounting and Finance at the University of Waterloo. He is a graduate of Mount Allison University and the University of Alberta, with B. Comm. and Ph.D. degrees. His primary research interests are in the areas of budgeting, goal-setting, and performance measurement. Professor Webb has presented his work throughout North America and he is an Associate Editor of Contemporary Accounting Research. His recent publications appear in The Accounting Review, Journal of Accounting Research, Contemporary Accounting Research, Issues in Accounting Education, CA Magazine, and CMA Management magazine. He is a chartered accountant and has volunteered in numerous professional activities both in Canada and abroad.\nFor centuries, the lighthouse has stood as a beacon of guidance for mariners at sea. More than an aid to navigation, the lighthouse symbolizes safety, permanence, reliability, and the comforts of the familiar. For this reason, we have chosen to illustrate the twelfth Canadian edition of our flagship Managerial Accounting publication by Garrison/Libby/Webb with a lighthouse image that encapsulates the greatest strengths of this market leading text.\nGarrison guides students through the challenges of learning managerial accounting. It identifies the three functions managers must perform within their organizations―plan operations, control activities, and make decisions―and explains the accounting information necessary for these functions. The twelfth Canadian edition of Managerial Accounting continues to place an emphasis on three core qualities: relevance, balance and clarity.