Strategic Cost Analysis: the Evolution from Management to Strategic Accounting.Strategic Cost Analysis: The Evolution from Management to Strategic Accounting, by John K. Shank shank (shangk) 1. leg (1). 2. crus ( 2). shank n. The part of the human leg between the knee and ankle. and Vijay Govindarajan Vijay Govindarajan, known as VG, is the Earl C. Daum 1924 Professor of International Business at the Tuck School of Business and founding director of Tuck's Center for Global Leadership. , Irwin, 1818 Ridge Road The name Ridge Road can refer to multiple streets and roads. Canada
According to the United States Census Bureau, the village has a total area of 13.6 km² (5.3 mi²). 13.5 km² (5.2 mi²) of it is land and 0.1 km² (0. 60430, 1989, 161 pp., $17.50. To some accountants and business-people, cost accumulation centers around assigning costs to inventory, as generally accepted accounting principles The standard accounting rules, regulations, and procedures used by companies in maintaining their financial records. Generally accepted accounting principles (GAAP) provide companies and accountants with a consistent set of guidelines that cover both broad accounting and income tax regulations mandate; it's often interpreted to be a process that lacks flexibility. This book challenges such a view and provides a look at cost accounting from a strategic perspective. It exposes readers to new ideas that can increase their knowledge of managerial accounting Managerial Accounting The process of identifying, measuring, analyzing, interpreting, and communicating information for the pursuit of an organization's goals. Notes: . Topics presented include fixed versus variable costs and cost-volume-profit analysis and relationships. New cost analysis concepts such as value chain analysis and activity costing also are covered. There is a discussion of linking accounting controls to overall business strategy. Finally, the authors examine situations in which financial information won't help in problem solving--something financial people will face in their careers. The case study approach makes this material interesting. Many individuals will find similarities between the case studies and their experiences. New concepts are explored by looking at events actually encountered by businesses. Each case ends with discussion questions and references for further research. I empathize em·pa·thize v. To feel empathy in relation to another person. with several of the situations because I've worked in both public accounting and private industry. I understand how the informational needs of outside CPAs and management accountants are often mutually exclusive. Satisfying demands of both an outside audit team and the tax authorities is time-consuming and often takes precedence over other managerial information needs. But the availability of sophisticated data processing equipment at low costs now makes it easier to satisfy the needs of all parties, even in small businesses. This material explores ways users can obtain benefits from accounting information. Such information, however, shouldn't be an end in itself but, rather, part of a broader base of knowledge that determines the strategies businesses use to succeed. In addition to accounting educators, students and manufacturers, most persons interested in cost analysis will find this material helpful. I hope it will bring accountants and other professionals together to achieve strategic goals at every level of an organization. Gerald A. Kosyla, CPA (Computer Press Association, Landing, NJ) An earlier membership organization founded in 1983 that promoted excellence in computer journalism. Its annual awards honored outstanding examples in print, broadcast and electronic media. The CPA disbanded in 2000. Price Waterhouse Philadephia, Pennsylvania |
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