Looseleaf for Cost Management: A Strategic Emphasis by Edward Blocher

Looseleaf for Cost Management: A Strategic Emphasis by Edward Blocher

Back when Henry Ford was producing Model Ts in one black, all-purpose model, traditional cost allocation gave a fairly accurate picture of a company's expenses. But today, the very nature of doing business has radically changed. Overhead expenses are displacing direct costs. And the complexity of most organizations has increased dramatically. Companies produce more products in greater variation and diversity than ever before, and they service more, and different, types of customers. Add to that the sea change created as the Internet spawns more e-trading market exchanges with auctions and bidding, and it becomes apparent that we need a method that replaces the fuzzy answers of traditional methods with credible assumptions based on valid data.

The answer is Activity-Based Cost Management, and this crystal-clear, persuasive, and authoritative book will help you understand and implement ABC/M quickly and easily.

Managerial accounting is now transitioning into managerial economics, reveals author Gary Cokins, a worldwide expert on activity-based cost management. With the technology we have at our disposal, ABC/M will provide you not only with a more accurate picture of your company's costs but also with the critical information you need to make better decisions and perform better and more in alignment with your company's defined strategy.

Cokins explains exactly why ABC/M is far superior than traditional costing for your needs in today's business environment, and how it will help you manage costs, increase profits, and make better decisions. You'll learn to use ABC/M to:
* Map the preferences of your prospects and customers back to your organization's business processes and cost structure
* Adopt an effective and more reliable method of estimating and budgeting for costs, price quotations, investment alternatives, and decisions
* Construct a fair chargeback billing system that reflects the true consumption of costs by your end users and service recipients
* Remove waste, redundancy, and unused capacity
* Develop a lean accounting system to match your new lean operations practices
* Finally measure the hidden costs of non-quality that is the focus of Six Sigma and other quality management philosophies

Now you can stop allocating resources and begin tracing and assigning them based on the real, measurable cause-and-effect relationships within your organization. Written in language as entertaining as it is accessible, Activity-Based Cost Management: An Executive's Guide gives you the tools you need to construct an efficient ABC/M model and use it to ensure your company's success.

Blocher, Edward: - Edward J. Blocher is an emeritus professor of accounting at the Kenan-Flagler Business School at the University of North Carolina at Chapel Hill. His undergraduate degree (economics) is from Rice University, his MBA from Tulane University, and his Ph.D. from the University of Texas at Austin. Professor Blocher has presented regularly on strategic cost management at the national meetings of both the American Accounting Association (AAA) and the Institute of Management Accountants (IMA).
While he is involved in a number of accounting organizations, Professor Blocher has been most continually active in the IMA, where he has been a member of the IMA's Research Foundation. He is a certified management accountant (CMA), has taught review courses for the CMA exam, and has served on the IMA's national education committee. He has supervised or participated in the direction of several doctoral students, many of whom prepared dissertations in management accounting. Professor Blocher is also the author or co-author of several articles in management accounting and in other areas of accounting and has served as associate editor and reviewer for a number of accounting journals. He has a 2009 article in Issues in Accounting Education on the topic of teaching strategic cost management.
Putting research and teaching into practice is important to Professor Blocher, who has worked closely with other firms and organizations in developing products, publications, and teaching materials. He was a member of the task force for the IMA that developed a new definition of management accounting in 2008. From 2010-2014, he served as a member of the joint curriculum task force of the Management Accounting Section (MAS) of the AAA and the IMA, which was charged with the responsibility of developing curriculum recommendations for accounting education. The task force has two recent publications in Issues in Accounting Education. Also, he has provided expert testimony and has consulted with a number of organizations regarding cost management matters.

SKU	Unavailable
ISBN 13	9781264112418
ISBN 10	1264112416
Title	Looseleaf for Cost Management: A Strategic Emphasis
Author	Edward Blocher
Condition	Unavailable
Publisher	McGraw-Hill Companies
Year published	2021-01-12
Number of pages	976
Cover note	Book picture is for illustrative purposes only, actual binding, cover or edition may vary.