Designing Strategic Cost Systems : How to Unleash the Power of Cost Information

designing strategic cost systems : how to unleash the power of cost information

Designing Strategic Cost Systems : How to Unleash the Power of Cost Information

Editorial Reviews
Book Description
Offering a multidisciplinary roadmap for the design, development, and implementation of a strategic cost system, this book shows how to design a cost system to become a more effective decision-making tool and a source of competitive advantage for the organisation. It describes how to structure a cost systems design project and discuss the issues that should be addressed upfront from a management, operations, and costing perspective.
Includes a URL site containing key terms and helpful Excel templates.
Highlights the logistics of putting together and managing the project team.
Addresses the technical and political issues that may arise as the project unfolds.

From the Inside Flap
The long-term survival of a company is dependent on how knowledgeable its controllers and senior managers are about its costs. Do the costs accurately reflect the resources consumed by the business processes? Can the cost information generated by its financial systems be trusted to make key management decisions? In Designing Strategic Cost Systems, recognized business planning and cost management expert Lianabel Oliver provides a comprehensive and accessible road map for the design, development, and implementation of an effective and competitive strategic cost system.

While traditional financial statements measure aggregate organizational performance, they are totally inadequate to identify opportunities to increase a corporation's competitiveness in the marketplace. A good cost system can provide the business intelligence to make better decisions at all levels in the organization. Written for senior managers who are evaluating a cost system redesign project for their organization and business professionals who are part of the project team, Designing Strategic Cost Systems demonstrates how to design a cost system that will be a more effective decision-making tool and a source of competitive advantage for the organization.

Based on the premise of tailoring a good cost system to the needs of its users, and which reflects the maturity level of the organization, this hands-on reference examines critical issues to address in the planning stages and details how to structure a cost systems design project from the ground up.

Designing Strategic Cost Systems covers:

How to tell if a new cost system is needed: Discusses the internal and external manifestations of a dysfunctional cost system and how it can affect an organization's performance and competitive position
The attributes of a strategic cost system: Explains the six major elements that comprise a cost system and how these elements interact to produce reliable and accurate cost information
The redesign process: Describes the different project stages and how to organize the project to increase its probabilities of success
The steps involved in developing the system design: Details the major milestones and tasks that should be accomplished to ensure consistency in the data collection process and minimize wasted time and effort in reworking information

Designing Strategic Cost Systems : How to Unleash the Power of Cost Information

Designing Strategic Cost Systems : How to Unleash the Power of Cost Information,Lianabel Oliver,John Wiley & Sons,0471653586,Accounting - Managerial,Activity-based costing,Business & Economics,Business / Economics / Finance,Business/Economics,Corporate Finance,Cost Accounting,Cost control,Business & Economics / Accounting / Management,Finance & Accounting

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