Activity–Based Cost Management. An Executive's Guide. Wiley Cost Management Series

  • ID: 2210332
  • Book
  • 384 Pages
  • John Wiley and Sons Ltd
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Praise for Activity–Based Cost Management

"Business leaders are always being presented with proposals to ′improve′ corporate performance. Cokins turns ABC/M into an objective tool for forecasting the actual costs in an improved environment. Every executive should follow Gary′s methods to predict benefits before risking company and career on a multimillion–dollar program."––Hugh D. Pinkus, Executive Consultant, Industrial Sector, Business Innovation Services, IBM Global Services

"Gary Cokins advances Activity–Based Cost Management the next step. In addition to providing the roadmap for ABC/M implementation success, Gary reveals the real strategic applications of ABC/M."––Joe Kosinski, Director, Corporate Manufacturing Accounting, Abbott Laboratories

"ABC/M is lucky to have Gary Cokins as its advocate. Gary has the gift to take the concept that many view as complex and reduce it to its simplest terms, and he has done so again here. After reading this book, you will have an understanding of the power of ABC/M as a tool to understand costs and make better business decisions."––John F. Morrow, CPA, AICPA Vice President, The New Finance

"Gary Cokins has helped light the way for cost and profitability analysis practitioners for many years. His wit and vivid metaphors engage a broad audience of managers and executives, helping generate not only new levels of understanding but also genuine enthusiasm for applying ′accounting′ tools to improve bottom–line performance."––Tim Jordheim, Manager, ABC/M Center of Expertise, Cargill, Inc.

"Making sense of complex end–to–end business processes can hinder timely and substantive improvements. This thorough and engaging book shows how processes can be reduced to activity–level building blocks where resource consumption relationships can be identified and evaluated. Insights gained from these evaluations can then be used to motivate and prioritize changes that bring actual process–related costs into balance with other organizational goals such as productivity, cycle time, quality, and customer satisfaction."––Hal Thilmony, Senior Manager, Financial Business Process Improvement, Cisco Systems
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Preface vii

1 Removing the Blindfold with ABC/M 1

2 A Management Accounting Framework: A Taxonomy 32

3 Are All Your Trading Partners Worth It to You? 99

4 The Internet, E–Commerce, Supply Chain Management, and Digital Economies: Where Does ABC/M Fit In? 149

5 The Holy Grail: Performance Measure Systems That Produce the Correct Behavior 197

6 Popular Uses of ABC/M 226

7 ABC/M Integrates with Other Software Tools 279

8 Predictive Costing, Predictive Accounting 285

9 Implementing ABC/M Through Rapid Prototyping 325

10 Common Misconceptions about ABC/M and Employee Buy–In 345

11 Stage Five Cost Systems: The Future of ABC/M 352

Appendix 360

Index 368

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Gary Cokins
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