Cost Management: Accounting and Control

Cost Management: Accounting and Control
Average customer rating:

TO BUY OR NOT TO BUY; THAT'S A QUESTION!

Filled With Useless Information

FOR THE PRICE, THIS BOOK SHOULD BE BETTER

Want to Cheat Someone

Too much info.

Cost Management: Accounting and Control
Don R. Hansen , and Maryanne M. Mowen
Manufacturer: South-Western College Pub
ProductGroup: Book
Binding: Hardcover

General | Business & Investing | Subjects | Books
General | Accounting | Industries & Professions | Business & Investing | Subjects | Books
General | Accounting | Accounting & Finance | Professional & Technical | Subjects | Books
Look Inside Business Books | Trip | Specialty Stores | Books
All Titles | Qualifying Textbooks - Fall 2007 | Stores | Books
Business & Investing | Qualifying Textbooks - Fall 2007 | Stores | Books
Professional | Qualifying Textbooks - Fall 2007 | Stores | Books
Similar Items:

Intermediate Accounting

Study Guide for Hansen/Mowen's Cost Management: Accounting and Control, 5th

Intermediate Accounting

Intermediate Accounting 10th Edition(with Business and Company Resource Center)

Accounting Information Systems

Accessories:

Study Guide for Hansen/Mowen's Cost Management: Accounting and Control, 5th

ASIN: 0324233108

Book Description

COST MANAGEMENT emphasizes that changing conditions often require a change in systems. Emphasizing this point stresses the dynamic and exciting nature of the field. By taking a systems approach -- one that first covers functional-based cost and control and then activity-based cost systems -- students understand how to understand and manage any cost management system.

Customer Reviews:

TO BUY OR NOT TO BUY; THAT'S A QUESTION!.......2007-03-16

The text is pretty comprehensive and covers the subject of Cost Management broadly and deeply. Since there are not too many textbooks on the topic; therefore, authors are admired for their devoted efforts they put into. The publisher should understand the matter inside the book and manage the cost of this book and make it afforable to the students.

For students, it's tough beginning before learning "Cost Management", the book incurs too much cost and puzzles students how they should manage their own budgets. Anyway, it might be the strategy of the authors or the publishing company to begin the lessons from the sale. As one scholar said, "Experience is a tough teacher, which gives exams first and teaches lessons thereafter."

As far as the contents are concerned, the book is highly recommended, but at a lower price. Thank you for your time for reading this review.

Filled With Useless Information.......2006-09-01

If you want to wade through useless babble to get to the actual cost accounting, go at it. However, you'll probably buy this book anyway if you have an unscrupulous accounting professor who received a gift basket from the publisher.

In other words, it's useless to the student. However, I'm sure its very profitable for the publisher and the authors.

FOR THE PRICE, THIS BOOK SHOULD BE BETTER.......2006-03-23

This book should have been written better when you consider its expensive price tag. However, the review excercise at the end of the chapter is extremely helpful. I would recommend the book if serious improvements are made. Overall, it is not that bad.

Want to Cheat Someone.......2005-09-30

I made a mistake and chose the book they listed in the Amazon.com. When the book arrived, I saw that what they have listed was only a Study Guide from a really old edition. I must say that they have said this on the listing. That was my mistake. But I wrote them back that I do not want this book, and want to return it. But they do not accept the return and refund of money. They do know that it is hard to find someone again doing this mistake. I looked at the book. This is $ 10 worth, not more. And impossible to sell again. I am a student. I do not have so much money to afford the required book. So I got really frustrated and faced losts of problems in the following weeks and spent a lot of time and energy to get the right book. It is a really sad story and an experience for me. I hope the seller is right know enjoying my $ 139.71.

Too much info........2005-01-04

Too bad we're stuck with whatever book the professor assigns. Often reads like the authors needed to write 1,000 pages, regardless of the complexity of the material. I caught them several times referring to the same item with different terms. In-class instruction on methods will save you a ton of time.

Time-Driven Activity-Based Costing: A Simpler and More Powerful Path to Higher Profits

Average customer rating:

Great Service
Time-Driven Activity-Based Costing
TDABC - a very interesting book

Time-Driven Activity-Based Costing: A Simpler and More Powerful Path to Higher Profits
Robert S. Kaplan , and Steven R. Anderson
Manufacturer: Harvard Business School Press
ProductGroup: Book
Binding: Hardcover

Microeconomics | Economics | Business & Investing | Subjects | Books

Corporate Finance | Finance | Business & Investing | Subjects | Books

General | Business & Investing | Subjects | Books

Management | Management & Leadership | Business & Investing | Subjects | Books

Look Inside Business Books | Trip | Specialty Stores | Books

Look Inside Nonfiction Books | Trip | Specialty Stores | Books
Similar Items:

Competing on Analytics: The New Science of Winning
Key Performance Indicators: Developing, Implementing,and Using Winning KPIs
Performance Dashboards and Analysis for Value Creation (Wiley Finance)
: Business Process Management and the Balanced Scorecard : Focusing Processes on Strategic Drivers
Cost & Effect: Using Integrated Cost Systems to Drive Profitability and Performance

ASIN: 1422101711

Book Description

In the classroom, activity-based costing (ABC) looks like a great way to manage a company's limited resources. But executives who have tried to implement ABC in their organizations on any significant scale have often abandoned the attempt in the face of rising costs and employee irritation. Time-Driven Activity-Based Costing is the solution to the problems associated with large-scale ABC implementation. In this book, Kaplan and Anderson offer a revised model where managers can estimate the resource demands imposed by each transaction, product, or customer, rather than rely on time-consuming and costly employee surveys.

In their new model, Kaplan and Anderson focus on the two parameters managers need to estimate: how much it costs per time unit to supply resources to the business activities (the total overhead expenditure of a department divided by the total number of minutes of employee time available) and how much time it takes to carry out one unit of each kind of activity (as estimated or observed by the manager). Rather than endlessly updating and maintaining ABC data, this book with allow managers to spend their time addressing the deficiencies the model reveals: inefficient processes, unprofitable products and customers, and excess capacity.

Kaplan and Anderson lead the discussion of Time-Driven ABC in the first seven chapters, followed by individual cases studies of actual implementations by Acorn consultants in diverse settings.

Customer Reviews:

Great Service.......2007-05-29

Product purchase acknowldgement was near immediate, billing timely, receipt of product within three days and the exact product ordered received. Excellent.

Time-Driven Activity-Based Costing.......2007-05-13

I finished reading this book by Bob Kaplan - TIME-DRIVEN ACTIVITY-BASED COSTING last week.

Its a great book for folks familiar with the basic concepts and applications of Activity-based Costing/ABC. In a way Kaplan makes an apology to readers of his earlier books and ardent fans of ABC, for making their lives difficult with the practical implementation approaches for ABC, and offers to make up for it by proposing a change to the new approach called Time-driven Activity-based Costing or TDABC. Personally I would have preferred the term "Capacity-driven Activity-based Costing".

Ofcourse one cannot help but be sympathetic to Bob Kaplan. Having interacted with him in the past, I had an opportunity to see at close range the genius of this man and the range of his knowledge. The book is certainly a big leap in our knowledge-base and tools for managing for managing companies better.

Kaplan aso originated another methodology "THE BALANCED SCORECARD" (BSC), several books on the subject, and co-founded another firm to offer servies around it. He is however, no longer associated with the firm in any management capacity, and the firm is financially troubled.

I recommend Kaplan's BSC books wholeheartedly, but if you are looking to implement at your organizations, I would recommend inviting select independent consultants who have more experienced at this, than the one's available at this firm.

Professionals with a serious interest in TDABC could also do well to reach out directly to Bob Kaplan and his new firm (The Acorn Group), and his former students for consulting advise.

TDABC - a very interesting book.......2007-05-12

This book has given me a great insight in an easier way to allocate resources down to costumers and products using Time-driven cost driver rates.

However, I am a bit sceptical about the Capacity Cost rate, which seems to be the key element to this models success... especially the way the authors describes the way to calculate this rate.. But with some methodical procedure behing when implementing the model, it is possible to get good results.... that's my experience

All in all, it is a great book about the fundamentals when wanting to use TDABC in your business.

The Complete Guide to Activity-Based Costing

Average customer rating:

Excellent Cost Management Tool
Using ABC to think about your business

The Complete Guide to Activity-Based Costing
Michael C. O'Guin
Manufacturer: CCH, Inc.
ProductGroup: Book
Binding: Hardcover

General | Popular Economics | Business & Investing | Subjects | Books

General | Business & Investing | Subjects | Books

Look Inside Business Books | Trip | Specialty Stores | Books

All Titles | Qualifying Textbooks - Fall 2007 | Stores | Books

Business & Investing | Qualifying Textbooks - Fall 2007 | Stores | Books

Professional | Qualifying Textbooks - Fall 2007 | Stores | Books
Similar Items:

Activity-based Cost Management: An Executive's Guide
Activity-Based Cost Management Making It Work: A Manager's Guide to Implementing and Sustaining an Effective ABC System
Implementing Activity-Based Management in Daily Operations (Nam/Wiley Series in Manufacturing)
Cost & Effect: Using Integrated Cost Systems to Drive Profitability and Performance
An ABC Manager's Primer: Straight Talk on Activity-Based Costing

ASIN: 0138533180

Product Description

The most effective new cost management tool in years, activity-based costing enables you to eliminate hidden costs company wide and achieve remarkable new efficiency and profitability. This guide spells out how to use and profit from this powerful cost management techniques. Well-known ABC consultant Michael OGuin shows how to cut thousands of dollars in overhead and improve your product lines. Production processes. Pricing. Sourcing. Marketing. R&D. Capital Investment decisions. Dozens of case studies show these techniques in action. Youll find out how to set more profitable pricing policies that reflect all of your costs; the one factor that causes the majority of defect costs and how to eliminate it in your own operation; what discounts are really appropriate for large orders; six critical ways to slash the costs of serving your customers (and why most companies overlook them); the two hidden costs that managers in process manufacturing usually overlook; how to assign scrap costs down to products, parts, and vendors; five simple ways to measure customer satisfaction and pinpoint areas for improvement; and much more!

Customer Reviews:

Excellent Cost Management Tool.......2006-10-03

The author did a good job of coming up with a user friendly book on Activity-Based Costing (ABC). ABC is critical in alerting managers of the major and subsidiary drivers of costs. Many companies, large and small, have benefited from employing ABC techniques.

The book is readable by both the expert and novice in accounting. The novice will benefit from the detailed introduction into accounting systems and the concept of ABC. The author then methodically explains how costs can be allocated to products and services.

Those managers in the manufacturing industry will benefit the most as the book has a manufacturing bias, although the author did his best to also make the book relevant to those in the service industry. The various case studies and practical examples reinforce the message and help the reader in consolidating the understanding of ABC.

This is a recommended book that helps the reader to learn and comprehend the important technique of ABC that should enable companies to eliminate hidden costs and be more efficient and competitive.

Using ABC to think about your business.......2000-04-02

O'Guin takes a manufacturing perspective in his lucid explanation of activity based-costing, a management planning tool aimed at discovering what your true costs are by essentially assigning overhead costs to products and customers. The idea is that the more you know about your costs, the better able to compete. The book is ideal for consultants who need a quick read on the process, or managers thinking of implementing the system and require some overall familairity.

He does not totally ignore service businesses either. Very ably, he shows the theoretical underpinnings behind ABC, and points to many examples of "big league" companies, like GE and Hewlett-Packard that have used this method in order to understand the primary and secondary cost drivers.

The first third of the book mixes a history lesson on traditional accounting system with an introduction to ABC. The intro seems a little bit long, and I found myself wishing that he would get to the design and implementation of the system (which is the reason I was reading the book-part of a redesign consulting contract).

The author rarely speaks down to his audience. In fact, unlike many systems type books I have read in the last few years, O'Guin is able to continually build on what is presented previously in the book without endless looping. He assumes a level of intelligence and interest which you will find yourself thanking him for when you are trying to figure out how to allocate the cost of the bolt to the large customer shipping cost for the new product line 3rd shift, or some such permutation.

The second half of the book gets more into the nuts and bolts, so to speak, and describes how ABC might work in a typical firm. I imagine many of the readers will be of the small manufacturing bent, and this book really answers most of the questions you would have. The next step would probably be to talk to someone that has actually implemented the system.

The final third of the book deals with the strategic outlook for American industry and how ABC can be used as a management tool to increase competitiveness. The author never gets too preachy and mixes a good deal of his opinions with common sense and practical examples. Finally, the Appendix consolidates much of what he has been saying into charts and summations. In addition, the book provides the sources much reference material - something for every taste.

Book Description

A practical guide to the ABCs of ABB

This unique resource takes an in-depth look at creating value through activity-based budgeting (ABB). As most organizations are dissatisfied with some aspects of their performance, ABB has become an increasingly popular process for which many companies are abandoning traditional methods that no longer meet their demands. Emphasizing the importance of budgeting by activities and features rather than by cost elements, Driving Value Using Activity-Based Budgeting offers a complete overview of feature costing, a technique used in conjunction with ABB, as well as the underlying principles of ABB, including linking strategy to activities, forecasting revenue, capacity management, and gap analysis. With numerous examples and case studies, it shows how to use state-of-the-art tools for achieving strategic goals, such as customer survey, core competency analysis, benchmarking, house of activities, reverse engineering to cascade strategy so everyone can act to create value for the organization.

In today's highly pressurized business environment, creating value is the number one priority for organizations. The key to achieving this is having a budget and accounting system that supports long-term goals. More and more organizations are now turning to activity-based budgeting (ABB), an innovative approach that can help organizations become more competitive by linking the budgeting process to organization strategy. Explaining the importance of budgeting by activities rather than by cost elements, this groundbreaking resource—the first book of its kind—is a practical how-to that covers the essentials of Driving Value Using Activity-Based Budgeting.

Beginning with an overview of the fundamentals behind driving value, James Brimson and John Antos examine what exactly value is, how it is created, and why traditional planning and budgeting often lead to the destruction of value. Following a clear outline of the problems posed by the traditional budgeting process, the authors go on to explain that many companies have contemplated abandoning it altogether. In doing so, however, they must set performance targets and identify actions to achieve the targets: "Once those actions are implemented, there is a need to monitor the execution. Therefore, to drive value creation, organizations are implementing activity-based budgeting (ABB)." This comprehensive guide offers in-depth coverage of ABB and feature costing, a technique used in conjunction with ABB. ABB creates value by translating the business strategy into the activities necessary to implement that strategy. Feature costing creates value by understanding sources of product and customer variation and relating this variation to expected workload. Along with the benefits of using ABB and feature costing, Driving Value Using Activity-Based Budgeting addresses such essential topics as:

Translating strategy into a process and activity framework—performing activities and cross-functional processes that support strategy and assessing current performance against strategic goals
Forecasting revenue, volume, and workload—customer demographics and needs, the competition exploding a bill of activities, determining workload for special projects
Capacity management—capacity defined, managing capacity, capacity management methodology, handling excess capacity
Getting started—creating a business process budget, budget review panels, rank and select activities, cost budgeted activities

Filled with numerous examples and case studies, a complete glossary, and an appendix of target-setting techniques, this is must reading for everyone in your organization since all participants must continually ask themselves how they create value.

Cost & Effect: Using Integrated Cost Systems to Drive Profitability and Performance
Average customer rating:

What's good in it?

BEST ANALYSIS OF ACTIVITY BASED COSTING AND HOW TO GUIDE

The very best book on activity-based management.

Cooper and Kaplan: my heroes

Evolving Toward Better Financial Information and Actions!

Cost & Effect: Using Integrated Cost Systems to Drive Profitability and Performance
Robert S. Kaplan , and Robin Cooper
Manufacturer: Harvard Business School Press
ProductGroup: Book
Binding: Hardcover

General | Popular Economics | Business & Investing | Subjects | Books
Corporate Finance | Finance | Business & Investing | Subjects | Books
General | Business & Investing | Subjects | Books
Accounting | Harvard Business School Press | By Publisher | Business & Investing | Subjects | Books
Finance | Harvard Business School Press | By Publisher | Business & Investing | Subjects | Books
Management | Harvard Business School Press | By Publisher | Business & Investing | Subjects | Books
Financial | Accounting | Industries & Professions | Business & Investing | Subjects | Books
General | Accounting | Industries & Professions | Business & Investing | Subjects | Books
Management | Management & Leadership | Business & Investing | Subjects | Books
General | Finance | Accounting & Finance | Professional & Technical | Subjects | Books
Look Inside Business Books | Trip | Specialty Stores | Books
Similar Items:

Activity-based Cost Management: An Executive's Guide

Activity-Based Costing: Making It Work for Small and Mid-Sized Companies (Wiley Cost Management Series)

The Ernst & Young Guide to Total Cost Management

Activity-Based Cost Management Making It Work: A Manager's Guide to Implementing and Sustaining an Effective ABC System

Time-Driven Activity-Based Costing: A Simpler and More Powerful Path to Higher Profits

ASIN: 0875847889

Book Description

Two of the most innovative thinkers in the field present a work that represents the single best resource for understanding and implementing activity-based cost management. Kaplan and Cooper reveal that most companies don't know how to measure accurately, influence, or understand the fundamental cost drivers in their businesses. They then provide a detailed and comprehensive blueprint that will enable managers to make better decisions and to promote organizational learning and improvement.

Cost and Effect takes the management, finance, and accounting fields to an entirely new level, as the authors demonstrate how the principles of activity-based costing and other advanced cost management techniques, such as target and kaizen costing, can drive business performance. Using lively examples from a variety of leading companies worldwide--including Siemens, Hewlett-Packard, AT&T, the Swedish wire manufacturer Kanthal, Kirin Beer, and Procter & Gamble--they show how to create integrated, knowledge-based systems that provide meaningful information on current and past performance.

The innovation systems described in Cost and Effect will help you:
* Determine where improvements in quality, efficiency, and productivity will have the highest payoffs.
* Assist front-line employees in their learning and improvement activities.
* Make better product mix and capital investment decisions.
* Negotiate more effectively on price, product features, quality, delivery, and service to promote win-win relationships with your customers.
* Choose low-cost suppliers who are truly low cost, not just low price.
* Design products and services that meet customers' expectations-and that can be produced and delivered at a profit.
* Integrate your activity-based cost system into reporting and budgeting processes to reveal the sources of excess capacity.

Everyone involved in running a business-from general managers and strategic planners to financial executives, IT professionals, and operations managers-must read this book to learn how innovative cost and performance measurement systems can enhance their organizational profitability and performance.

Customer Reviews:

What's good in it?.......2004-10-25

First of all, this book doesn't give the pleasure of good reading. C'mon, what kind of pleasure do you expect from a 500 pages book with very small fonts?

I would like to review on pages 183-189 regarding case at Kanthal. It said that according to ABC calculation, Kanthal has found that customer #199 records loss, unfortunately customer #199 is in the top three in terms of sales volume. If ABC is really a good tool, then Kanthal should fire customer #199. But Kanthal didn't do that. They don't believe in ABC?

Customer #199 implemented JIT and they've got substantial improvement in productivity and efficiency. With JIT concept they place order to Kanthal in small quantity and frequent orders. According to ABC, this makes the cost for Order-to-cash activities at Kanthal is quite high, so that it eats the margin.

The funny thing, the book said JIT is appropriate in Japan, not in Sweden. Don't they look at automotive industry around the world that successfully implement JIT?

So what's the solution described in the book? The solution is to cut the cost of order-to-cash activities by using electronic B2B concept. And it claims that customer #199 turns to be profitable for Kanthal after that. So simple and...so wrong!

Maybe ABC calculation shows that result is good at Customer #199 level. But still, the company bottom line remains the same. Do they cut sales persons' salary? No. Do they fire a sales person who handle customer #199? No. Do they reduce transportation cost? No.

Probably by using B2B, there's small fraction of cost saving on order processing activities, but it won't be significant enough to increase the net profit for the company.

If B2B does reduce the cost of order processing cost significantly, why they don't use it for all customers?

BEST ANALYSIS OF ACTIVITY BASED COSTING AND HOW TO GUIDE.......2003-11-23

Kaplan and Cooper have put together an outstanding guidebook for managers to follow in order to reap the most significant benefits from activity based costing and other cost management techniques. The great merit of this book is that it does not preach to the reader the latest management fad, but rather goes through a thorough analysis of budgeting processes, highlighting benefits and drawbacks of each. They do not claim ABC is the best approach, and even praise some simpler methods that are more adequate for certain companies. Instead, they point to the circumstances in which ABC can provide outstanding results to companies.

The book structured first with an analysis of the most often used systems of managerial cost accounting. It highlights the shortcomings of these, proceeding then to present certain productivity improvements that could contribute to performance. These are mostly related to the quality movements (TQM, 6 Sigma, etc), which are presented in a very understandable way. These are complements to the existing usual cost management systems. These improvements can be made even without implementing ABC systems.

Then the authors proceed to describe activity based costing and its benefits in terms of choosing customers, suppliers, and product breadth. They present many examples that would be very relevant to any practitioner, in industry or service. There is a specific section focusing on services, which makes the appropriate adaptations to the systems for the peculiarities of it.

Overall, an outstanding work, to help anyone involved in cost management, whether they are interested in activity based costing or more traditional standard costing methods.

The very best book on activity-based management........2002-10-25

I have read this book cover to cover and have re-read chapters. Kaplan ensures that you grasp the fundamental concepts by keeping things simple. He illustrates the concepts with easy to understand examples. I gained very little knowledge from the first 3 ABM books I read, but after reading "Cost and Effect," I felt that I had a good enough grasp of the fundamentals to actually implement a costing system.

Cooper and Kaplan: my heroes.......2001-12-27

After reading several academic papers concerning activity based costing I still wasn't convinced about the usefullness of the methodology. After reading Cost & Effect I revised my opinion on Cost Management. This book gives all the answers to effective Cost Management. It takes you from the ABC Age to the Activity Based Management Age and clearly helps you to understand what costs are alle about. Once you really understand the topics of this book you will be able to face and manage costs in whatever business you are in. Read it!

Evolving Toward Better Financial Information and Actions!.......2001-10-05

Cost & Effect will most appeal to those who have had extended experience with Activity-Based Costing (ABC) or operate in manufacturing industries.

If you are interested in learning more about Activity-Based Costing, this book is not the best choice for you. Professor Kaplan has co-authored books that explore this subject in much greater detail.

Most people set as their initial priority the need to have accurate financial reporting for the entire enterprise. Falling below that level of effectiveness is Stage I in the terms of this book. Once you have that financial reporting done accurately, you are at Stage II. But you know almost nothing about how to manage your costs better. In order to do that, you will need to establish ad hoc financial reporting processes designed to help your organization learn from its experience and identify opportunities for improvement, built around Activity-Based Costing (ABC). ABC is simply a way of more accurately applying overhead costs back to activities and then processes that permits accurately understanding more about which combinations of products and services and customers are profitable and which are not. Then, within each activity, you can also see the inefficiencies in what you are doing that present opportunities for improvement. The book also has a nice discussion of Kaizen costing that is widely used in Japanese companies looking for on-going cost improvements, based on Professor Cooper's research. There are a few case histories to illustrate the principles, but most will find these insufficient to guide them through the process. In other books, Professor Kaplan has pointed out that there is a lot of acquired art in the subject and you probably need help to get it right. I concur. Once you have ABC operating in stand-alone systems, you are at Stage III.

At this point, you will have a financial reporting system that is separate from the ABC system. How do you put them together? That the subject of chapter 14, which is the key value-added part of this book. You will see what the systems architecture and process flow needs to be in order to combine ABC with Enterprise-Wide Systems (EWS) of the sort that many large companies have invested in during recent years. Putting the two together will greatly improve planning, budgeting, design of new products and services, and operational improvements. Chapter 15 expands into the area of how to apply the combined system to budgeting and transfer pricing. Combing ABC and EWS puts you at Stage IV, a level rarely reached today.

The book's main message is that it's a mistake to try to go from Stage II directly to Stage IV. There's a lot of experimentation and mistakes that you can benefit from in an extended Stage III. I agree again, based on my experience with ABC.

The one caution you should have about ABC in this context is that if you are going to radically change your business model every 2-5 years as many companies are, Stage IV is probably unattainable and undesirable. You can't hold back business model innovation for better cost systems. The next business model innovation will probably give you better costs than tweaking the current business model with ABC will.

Seek out the fastest route to progress, and do more of it!

Book Description

The Price Waterhouse Guide to Activity-Based Costing for Financial Institutions show how firms can use the breakthrough concept of activity-based costing (ABC) in the same way that other companies have--to increase profits by managing all activities from the top down, more efficiently. This book explains the methods and technologies of this profit-enhancing technique, with detailed guidelines that help firms plan for costs before they occur, rather than simply monitoring them. Readers will find: An explanation of why costs are incurred; Practical Steps for putting ABC to work in a financial instituion; Dozens of practical cases that illustrate the situations in which the concepts can be applied.

Customer Reviews:

Its a great book to use it as reference.......1999-12-21

This book it's an excellent reference when you're implementing an ABC/M project in a Bank. It has a complete list of cost drivers that are also used as performance metrics.

Book Description

Incorporate the Benefits of Activity-Based Costing into the Efficiencies of Your SAP R/3 System

Given SAP's dominance in the enterprise resource planning (ERP) market, many companies and their managers encounter SAP AG applications in some form or another. Many of these organizations have recognized the value of utilizing Activity-Based Costing/Management concepts to perform more accurate cost assignments or drive performance initiatives. Managers are then faced with trying to determine how Activity-Based Costing can be incorporated into the SAP environment. The 123s of ABC in SAP is the first book of its kind designed to help business managers understand the capabilities of the SAP R/3 business application to support Activity-Based Costing, Management, and Budgeting.

Divided into three parts-the conceptual foundation, the capabilities of SAP ABC, and integration with other tools-the book provides readers with the following:

An explanation of how Activity-Based Costing can be used with SAP
Helpful hints for implementing ABC into SAP
Insights into the most common difficulties and potential solutions when implementing ABC into SAP
Summary tables that highlight key decisions to be made, implementation hints, and organizational challenges
Detailed descriptions of SAP software applications to support the Activity-Based Costing approach as well as the integration of SAP R/3 with Oros software
Examples of the tandem usage of Resource Consumption Accounting with Activity-Based Costing

Customer Reviews:

An essential book for ABC and SAP practitioners.......2003-12-17

This is the first book that really explains the theory and practice behind using Activity Based Costing within SAP. This book does not suffer fools - it requires active reading and reflection. Nonetheless, the reader will be rewarded with excellent graphics and useful number examples. Particularly important is the segue to the real heart of advanced costing in SAP (of which ABC is a part), RCA or Resource Consumption Accounting. Excellent information of the mechanics the SAP templates (the truly groundbreaking functionality within SAP-ABC).

Average customer rating:

Best Investing Book I Have Ever Read
UP 45% LAST YEAR THANKS TO THIS BOOK!!
Not Helpful
I've made 33% a year by buying growth stocks!
I'VE AVERAGED 27% PER YEAR DUE TO THIS BOOK

Cash Flow and Security Analysis
Kenneth S. Hackel , and Joshua Livnat
Manufacturer: McGraw-Hill
ProductGroup: Book
Binding: Hardcover

General | Popular Economics | Business & Investing | Subjects | Books

Corporate Finance | Finance | Business & Investing | Subjects | Books

General | Business & Investing | Subjects | Books

General | Investing | Business & Investing | Subjects | Books

Management | Management & Leadership | Business & Investing | Subjects | Books

All Titles | Qualifying Textbooks - Fall 2007 | Stores | Books

Business & Investing | Qualifying Textbooks - Fall 2007 | Stores | Books

Professional | Qualifying Textbooks - Fall 2007 | Stores | Books
Similar Items:

The Analysis and Use of Financial Statements
The Value Connection: A Four-Step Market Screening Method to Match Good Companies With Good Stocks
Free Cash Flow and Shareholder Yield: New Priorities for the Global Investor
Creative Cash Flow Reporting: Uncovering Sustainable Financial Performance
Value Investing: From Graham to Buffett and Beyond (Wiley Finance)

ASIN: 0786304073

Book Description

Revised and updated to reflect the latest thinking in the area of cash flow analysis, Cash Flow and Security Analysis, is written with the underlying assumption that cash flow analysis is the most important tool at the investor's disposal. You will discover why cash flow is quickly replacing earnings as the primary tool among securities analysts and how they can identify undervalued securities using cash flow analysis. This important reference shows you how to avoid common costly mistakes.

Customer Reviews:

Best Investing Book I Have Ever Read.......2002-07-22

This book lays the foundation for making money in the markets. It is clear and to the point. The only book you really need.

UP 45% LAST YEAR THANKS TO THIS BOOK!!.......2000-08-12

I'VE COMPLETELY AVOIDED THE INTERNET HIGHFLYERS-THEY DON'T GENERATE FREE CASH FLOW. ON THE OTHER HAND THE BOOK PUT ME INTO COMPANIES WHOSE UNDERVALUED STOCKS QUICKLY TURNED AROUND WITH THERE LOW DEBT HIGH FREE CASH FLOW. I PARTICULARLY LIKED THE WAY THE AUTHORS LOOK AT CORPORATE FAT

Not Helpful.......2000-02-07

I re-read sections of this book on cash flow analysis and found it much less useful than 5 years ago when I read the first edition. The market does not care anymore about smaller high free cash flow and low debt companies.

I've made 33% a year by buying growth stocks!.......1999-08-03

I buy growth stocks - not small to mid-cap deep value basic industry cyclicals. Buy Growth not Value! FREE CASH FLOW ANALYSIS DOES NOT WORK ANYMORE!

I'VE AVERAGED 27% PER YEAR DUE TO THIS BOOK.......1999-07-24

I BOUGHT THIS BOOK 5 YEARS AGO. WHILE I MISSED OUT ON MANY STOCKS THAT DOUBLED, I ALSO ESCAPED STOCKS THAT FELL IN HALF-OR MORE. I HAVE TURNED IN VERY CONSISTANT RETURNS OVER A LONG PERIOD OF TIME-WHAT'S WRONG WITH 27% PER YEAR?

Dynamics of Profit-Focused Accounting: Attaining Sustained Value and Bottom-Line Improvement

Average customer rating:

For once a practical summary I can use!
Theories that work in the real world.
A Lean Manufacturing must read
A double fist pump
At Last, An Accounting System for Lean Manufacturers!

Dynamics of Profit-Focused Accounting: Attaining Sustained Value and Bottom-Line Improvement
C. Lynn Northrup
Manufacturer: J. Ross Publishing
ProductGroup: Book
Binding: Hardcover

General | Popular Economics | Business & Investing | Subjects | Books

General | Business & Investing | Subjects | Books

Industrial Relations | Industries & Professions | Business & Investing | Subjects | Books

Look Inside Business Books | Trip | Specialty Stores | Books

All Titles | Qualifying Textbooks - Fall 2007 | Stores | Books
Similar Items:

Management Dynamics: Merging Constraints Accounting to Drive Improvement
Throughput Accounting: A Guide to Constraint Management
Performance Dashboards: Measuring, Monitoring, and Managing Your Business

ASIN: 1932159223

Book Description

This easy-to-understand reference helps you bridge the GAAP to Lean accounting. It articulates the best attributes of Lean manufacturing, Six Sigma, Theory of Constraints, balanced scorecard, activity-based management, and other world-class management philosophies in a single text. It provides simplified applications of the balanced scorecard and activity-based management as tools and enablers for use with throughput accounting and illustrates a new business, accounting, and reporting model that utilizes the components of throughput accounting for application with Six Sigma and lean manufacturing programs.

Organizations using traditional accounting systems and concepts have difficulty coping with the speed and acceleration created by lean programs. The author's profit-focused accounting approach will enable organizations to accurately measure and report the results of Lean Six Sigma efforts on a monthly basis. Dynamics of Profit-Focused Accounting does not suggest throwing out existing accounting systems or generally accepted accounting principles, but rather shows you how to bridge the GAAP to a Lean accounting system. It also presents advanced concepts and methodologies that encompass corporate performance management and provides the tools and techniques to use these concepts to increase profit, create value, and build a solid foundation for the future. This book is a must-read for manufacturing managers, executives, financial managers, cost and management accountants, and controllers.

Customer Reviews:

For once a practical summary I can use!.......2005-01-05

I found this publication very informative as in a single source, I was able to read about all of the productivity methods and measurement tools in the marketplace. As a novice to concepts like Six Sigma and activity based costing, it was a great to find in a few pages an explanation and practical implementation tips for these concepts and more. Starting with the overall history in this marketplace and then moving quickly into practical guidance, the author displayed a great command of the topics. I also saw how he blended the productivity measures to create a more meaningful accounting of a business operations....I just wish more companies took this approach.

Theories that work in the real world........2004-11-15

With over forty years of experience in helping dozens of companies to become more profitable, the author gives us the fruits of that experience by cutting through many of the extraneous elements of traditional accounting methods. Being competitive has always been about change and adapting to new paradigms. This books and its theories are a "next generation" of principles that move accounting systems into the next century. Just don't tell your competition about it.

A Lean Manufacturing must read.......2004-11-06

Lynn's book provides a very good overview of the methodologies being used today to improve corporate performance. We have suggested the use of this book to several of our clients so that performance improvements resulting from Lean Manufacturing and Lean/Six Sigma implementation can be accurately measured and tracked. Larry Steele - Steele Consulting Group

A double fist pump.......2004-10-23

A very substantive and motivating read. Lynn did a great job of capturing me while showing me the way to how corporate performance managment will take place in the 21st Century. The material is integrated and very useful.

At Last, An Accounting System for Lean Manufacturers! .......2004-08-17

Operating a lean manufacturing facility is much different than a traditional order launched batch based operating system. The concept of eliminating all non-value adding activites while producing only customer demand flies in the face of the standard cost absorbtion based cost accounting systems used today. Not only does his book discuss the challenges of Lean to GAAP accounting systems, Mr. Northrup desribes alternative accounting methods and the ways to implement them within the guidelines of GAAP. This is a must read for the Lean Manufacturer!

Activity-Based Management: A Comprehensive Implementation Guide

Average customer rating:

Excellent!
activity base management

Activity-Based Management: A Comprehensive Implementation Guide
Edward Forrest
Manufacturer: McGraw-Hill
ProductGroup: Book
Binding: Hardcover

Corporate Finance | Finance | Business & Investing | Subjects | Books

General | Business & Investing | Subjects | Books

Management | Management & Leadership | Business & Investing | Subjects | Books

Entrepreneurship | Small Business & Entrepreneurship | Business & Investing | Subjects | Books

Look Inside Business Books | Trip | Specialty Stores | Books

All Titles | Qualifying Textbooks - Fall 2007 | Stores | Books

Business & Investing | Qualifying Textbooks - Fall 2007 | Stores | Books
Similar Items:

Implementing Activity-Based Management in Daily Operations (Nam/Wiley Series in Manufacturing)
Activity-based Cost Management: An Executive's Guide
Activity-Based Management: Arthur Andersen's Lessons from the ABM Battlefield, 2nd Edition
The Ernst & Young Guide to Total Cost Management
An ABC Manager's Primer: Straight Talk on Activity-Based Costing

ASIN: 007021588X

Book Description

Easy Activity-Based Management Implementation. Everyone's touting activity-based management (ABM) as the best costing method for reengineering and TQM inititatives. But where do you begin? Edward Forrest's groundbreaking Activity-Based Management: A Comprehensive Implementation Guide. This exhaustive guide takes you step-by-step through each stage of planning, organizing, implementing, and managing your own ABM program to support continuous improvement, boost profits, and eliminate non-value added activities. You get expert guidance on everything from streamlining data collection and analysis to using the results to boost ROI. You even get all the ready-to-use forms, reports, and procedures you need to facilitate and measure your program's progress.

Customer Reviews:

Excellent!.......2005-03-12

Seller was very professional and honest. I received the book in perfect conditions and before the estimated time.

activity base management.......2000-02-25

very good and comprehensive book with up to date informatio

Books:

Books Index

Books Home

Recommended Books