Traditional accounting systems have become inadequate for today's increasingly competitive global manufacturing environment. They are too complex and too focused on past performance. As manufacturing techniques change and become less labor intensive, accounting methods must also evolve. Regardless of what you call it, Lean accounting is a management accounting system that should be part of every worker's daily activities. The Controller as Lean Leader: A Novel on Changing Behavior with a Lean Cost Management System delineates the differences between cost accounting and cost management. It uses a story format to present a compilation of experiences; some good, some bad, and some humorous. The story follows a fictional manufacturing entity embarking on a Lean change management journey for the second time-having failed at its first attempt at Lean implementation a few years earlier. As the story progresses, readers gain an understanding of what the company will do differently this time around to ensure it doesn't slip backward again as the transformation unfolds. Illustrates the various approaches to Lean implementation Explains Target Costing and describes how to use it to get your budget right the first time around Examines the concept of systems and the importance of defining values in your business Describes what the purpose of a Lean Human Resources (HR) system should be Introduces, with visuals, the little-known importance of the timing of the implementation and integration of the four integral parts of the Lean Cost Management System with the five Lean principles The main character, the Lean Controller, presents her ideas with visuals throughout the book. Discussions between the Lean controller and employees at various levels of the organization illustrate valuable lessons. The many faces of the Lean Controller as expressed through the many examples and stories provide you with the vision and tools to instill the desire to make a difference in workers across your entire organization. While there is no recipe to follow for a Lean change management transformation, the book provides invaluable tips and unveils three new principles to help ensure success in any endeavor.

Proper cost accounting and financial management are essential elements of any successful construction job, and therefore make up essential skills for construction project managers and project engineers. Many textbooks on the market focus on the theoretical principles of accounting and finance required for head office staff like the chief financial officer (CFO) of a construction firm. This book's unique practical approach focuses on the activities of the construction management team, including the project manager, superintendent, project engineer, and jobsite cost engineers and cost accountants. In short, this book provides a seamless connection between cost accounting and construction project management from the construction management practitioner's perspective. Following a complete accounting cycle, from the original estimate through cost controls to financial close-out, the book makes use of one commercial construction project case study throughout. It covers key topics like financial statements, ratios, cost control, earned value, equipment depreciation, cash flow, and pay requests. But unlike other texts, this book also covers additional financial responsibilities such as cost estimates, change orders, and project close-out. Also included are more advanced accounting and financial topics such as supply chain management, activity-based accounting, lean construction techniques, taxes, and the developer's pro forma. Each chapter contains review questions and applied exercises and the book is supplemented with an eResource with instructor manual, estimates and schedules, further cases and figures from the book. This textbook is ideal for use in all cost accounting and financial management classes on both undergraduate and graduate level construction management or construction engineering programs.

Written for students taking courses in building and surveying, 'Estimating for Builders and Surveyors' describes and explains the method used by the estimator to build up prices or rates for items described in the SMM7 format. Each chapter is a self-contained unit related to a particular element in the building. Worked examples throughout reflect both traditional and up-to-date technology. Written by an author team of academics and professional surveyors, this book continues to be an invaluable introduction to the subject of estimating.

* Written in line with The Standard Method of Measurement of Building Works to provide professional relevance
* Worked examples throughout ensure the student can practice the techniques described
* Comprehensive coverage of the trades gives the reader a complete picture

Cost-Benefit Analysis provides accessible, comprehensive, authoritative, and practical treatments of the protocols for assessing the relative efficiency of public policies. Its review of essential concepts from microeconomics, and its sophisticated treatment of important topics with minimal use of mathematics helps students from a variety of backgrounds build solid conceptual foundations. It provides thorough treatments of time discounting, dealing with contingent uncertainty using expected surpluses and option prices, taking account of parameter uncertainties using Monte Carlo simulation and other types of sensitivity analyses, revealed preference approaches, stated preference methods including contingent valuation, and other related methods. Updated to cover contemporary research, this edition is considerably reorganized to aid in student and practitioner understanding, and includes eight new cases to demonstrate the actual practice of cost-benefit analysis. Widely cited, it is recognized as an authoritative source on cost-benefit analysis. Illustrations, exhibits, chapter exercises, and case studies help students master concepts and develop craft skills.

This practical guide to cost studies of buildings has been updated and revised throughout for the 6th edition. New developments in RICS New Rules of Measurement (NRM) are incorporated throughout the book, in addition to new material on e-business, the internet, social media, building information modelling, sustainability, building resilience and carbon estimating. This trusted and easy to use guide to the cost management role: Focuses on the importance of costs of constructing projects during the different phases of the construction process Features learning outcomes and self-assessment questions for each chapter Addresses the requirements of international readers From introductory data on the construction industry and the history of construction economics, to recommended methods for cost analysis and post-contract cost control, Cost Studies of Buildings is an ideal companion for anyone learning about cost management.

Cost-Benefit Analysis provides accessible, comprehensive, authoritative, and practical treatments of the protocols for assessing the relative efficiency of public policies. Its review of essential concepts from microeconomics, and its sophisticated treatment of important topics with minimal use of mathematics helps students from a variety of backgrounds build solid conceptual foundations. It provides thorough treatments of time discounting, dealing with contingent uncertainty using expected surpluses and option prices, taking account of parameter uncertainties using Monte Carlo simulation and other types of sensitivity analyses, revealed preference approaches, stated preference methods including contingent valuation, and other related methods. Updated to cover contemporary research, this edition is considerably reorganized to aid in student and practitioner understanding, and includes eight new cases to demonstrate the actual practice of cost-benefit analysis. Widely cited, it is recognized as an authoritative source on cost-benefit analysis. Illustrations, exhibits, chapter exercises, and case studies help students master concepts and develop craft skills.

Foundations in Accountancy (FIA) awards are entry-level, core-skill focused qualifications from ACCA. They provide flexible options for students and employers, and as an ACCA Approved Content Provider, BPP Learning Media s suite of study tools will provide you with all the accurate and up-to-date material you need for exam success.

For one/two term Junior/Senior-level courses in Cost/Management Accounting and also suitable for MBA level courses, this text embraces the basic theme of different costs for different purposes. It reaches beyond cost accounting procedures to consider concepts, analyses, and management.

Handbook of Cost Management, Second Edition covers all of the essential topics in cost management and accounting. It includes conventional topics, such as job costing and cost allocation, as well as such current topics as balanced scorecard, economic value added, logistics and marketing cost, theory of constraints, inter-organizational costing, and the cost of quality.

Practical, easy-to-follow ABC guidelines for small and mid-sized businesses

Incorporating activity-based costing (ABC) concepts into your business without relying on the usual complex ABC jargon can be a daunting task–even for the most experienced accountant. In Activity-Based Costing: Making It Work for Small and Mid-Sized Companies, professional accountant Douglas Hicks shows you how to sharpen your competitive edge while bringing you the "total package" of cost information–not just the computational elements. Using an approach developed while solving problems for small and mid-sized companies, Hicks has created a reader-friendly, comprehensive narrative covering every aspect of the ABC industry, including step-by-step instructions for building a cost accumulation and distribution model for any size business. With examples taken from Fortune 1000 companies, readers will find a wealth of information on ABC features, including:

• The logic behind ABC and its cost flow-down steps
• How to get the maximum benefits from ABC for your small or mid-sized business
• Case studies on emerging cost flow-down structures
• The most appropriate ways to change to multiple costing rates and bases
• Using ABC to perform "what if" analyses
• The danger of measuring costs using generally accepted accounting principles
• Applying decision costing and long-term contracts to your business

If your company is looking to dramatically improve its current cost information systems, this book is a must-read. You can have that crucial competitive edge. Activity-Based Costing: Making It Work for Small and Mid-Sized Companies will show you how.

Praise for Project Management Accounting

"Let me start with what the Second Edition of Project Management Accounting is not....it is not an inch wide and a mile deep. Instead, it provides multiple lenses to anticipate both intended and unintended consequences through sound principles of Project Management and accounting as well as inquiry focused on both risks to the project and reputational capital. It should be on every decision makers bookshelf to pick up and remind them of their essential foundation when they face a major project or the risk of mental myopia." --Barry van Dyck, PhD, Recruiting and Admissions Director, EMBA, Mendoza College of Business, University of Notre Dame

Acquire the accounting knowledge and skills to become a top-performing Project Management professional

Project Management accounting involves much more than just understanding how project income and expense impact the general ledger. To truly succeed in today's competitive business environment, project managers must also understand how to budget resources, determine ROI, and track costs and expenses for projects as well as become adept at strategy and executive decision making and portfolio management. With its focus on accounting, Project Management Accounting: Budgeting, Tracking, and Reporting Costs and Profitability, Second Edition is designed to enhance the business skills of project managers at all levels of experience.

Now in a fully updated second edition, Project Management Accounting clearly explains step-by-step how project expensing (for both internal projects and outside vendors) should be capitalized or expensed in order to keep the budget on track and improve profitability. The proficient author team of Callahan, Stetz, and Brooks culls their decades of experience to show readers how to achieve the greatest tax/cost savings by helping them determine what portion of the project can be capitalized.

This Second Edition of Project Management Accounting includes current case studies and sample checklists to help professionals hit the ground running by immediately applying concepts to their own business scenarios. Here, CFOs, controllers, project managers, and accounting managers will discover how to:

Understand risk assessment from an accounting and auditing perspectiv

Maximize project outcomes by leveraging accounting and financing tools and principles

Improve each project's profitability by understanding its costs and benefits

Analyze their business's financial information to choose the right project, every time

Apply proper accounting principles to a project

Develop a project budget based on a company's financial performance and needs

Project Management Accounting provides the knowledge and skills to become proficient in Project Management and maximize the profitability and ROI of any project.

In the concrete jungle, there are seasons of rain and plenty, followed by seasons of drought and scarcity. Whether or not we survive depends on how prepared we are for these changes, and how willing we are to evolve in order to remain relevant. Leaders who ignore the shifting seasons will soon find themselves and their firms fading into obscurity.

Whether we shy away from it or actively seek it out, change is never easy. In these rapidly changing times, surviving means stepping away from the herd and venturing out onto the road less traveled. It means sharpening your claws and taking a bird’s eye view of where your business is at, and learning and evolving during the times of plenty before the season of drought and hunger returns. This may mean taking down predators, it may mean diversifying or specializing, and it may even mean seeking out new hunting grounds. Whatever it is, the secret is never to lose hope.

Join us on an African safari as Gary Sturisky, a world-renowned transformation consultant, takes you on a journey through the vast open plains of the Serengeti and down the narrow corridors of the concrete jungle to uncover practical tools to help your company evolve into the CPA firm of the future.

Stop living from paycheck to paycheck. Achieve Financial Independence. Retire Early. Join the FIRE movement that’s igniting the world.

Everybody wants to scrape together enough money to escape the rat race and live their dreams. But very few people are willing to put in the effort and make the sacrifices required for this to happen.

Building wealth is not about buying expensive toys.

Nor is building wealth the same as making money. That’s like saying that having children is the same as going on a date.

And to extend that analogy, as far as salaries are concerned, it’s not the size that matters, it’s what you do with it.

Learn how you can save money every month, no matter who you are, or how much you earn.

Learn how to avoid the mistakes that lead to financial ruin.

Discover how the rich and famous throw their money away.

And learn why it’s better to build wealth slowly than to just have lots of money.

This is no get-rich-quick scheme. It won’t be easy. That’s why it’s called Hard Money.

Work while they sleep. Learn while they party. Save while they spend. Then live like they dream.

You have a very slim chance of winning the lottery. You have a better chance of building wealth slowly. If you have the right attitude.

If you want it bad enough.

Hansen/Mowen's CORNERSTONES OF COST MANAGEMENT, 4E demonstrates the dynamic nature of cost accounting in today's changing business environment. The text first covers functional-based cost and control and then activity-based cost systems, giving you the understanding and skills to manage any cost management system. Using extensive research on how students like you prefer to learn accounting, this book presents concepts in a unique format that speaks to how students learn. Cornerstones examples in each chapter emphasize the How, Why, and What-Ifs of basic cost management concepts, while delving into the conceptual nature of each equation or topic. An integrated CNOWv2 package reinforces concepts with additional computerized exercises and problems.

"Cost Accounting for Managerial Planning, Decision Making and Control" emphasizes the analysis and evaluation of cost accounting information for managerial planning, control, and decision-making. Our goal is to help students (future managers) understand how cost accounting information adds value to an organization in a highly competitive business environment. The philosophy underlying the development of this book is that providing cost accounting information is primarily a logical process, rather than a procedural one. It is most important that students first understand the basic concepts and objectives, and then gain some experience in applying these concepts in different environments. Through this approach, students will be better equipped to deal with the unforeseen situations they will encounter in professional practice or on professional examinations. This philosophy is evident in each chapter, as basic concepts are presented and then illustrated with examples and a wide variety of homework problems.
This text is intended for use in undergraduate and graduate courses in cost accounting at both the basic and advanced levels. It provides a complete and concise coverage of topics commonly included in a basic course, with an in-depth coverage of selected topics more appropriate for an advanced course in cost accounting. Modular coverage of these topics permits the instructor to adapt the text to his or her own preferences for course content. Plus, an extremely clear writing style contributes to the ease with which students will comprehend the contents of each chapter. By emphasizing the differing uses for cost accounting information, our intent is to make the student an intelligent provider, user, and interpreter of this information.
Woody M. Liao is a Professor of Accounting at University of California - Riverside. He received his Ph.D. in Accounting from University of Florida, and his MBA from Illinois State University. Dr. Liao is a CPA and CMA. He has been invited and served as speaker and visiting scholar at University of Hawaii, Naval Postgraduate School, National Chung Hsing University in Taiwan, Chinese University of Hong Kong, and Hong Kong Polytechnic University. Dr. Liao has published numerous papers in leading accounting journals, and was named a Prolific Author in Accounting in 2002.
Andrew Schiff, CPA, is a Professor of Accounting in the College of Business and Economics at Towson University. He received his M.S. in Accounting from SUNY at Albany, and his Ph.D. from Rutgers University. His previous professional experience includes serving as an audit manager, assistant controller and controller in various organizations. Dr. Schiff has published in numerous academic and professional journals, and has coauthored or edited two other textbooks.
Hsihui Chang is the KPMG Professor and Department Head of Accounting in the LeBow College of Business at Drexel University. He obtained his Bachelor degree from the National Changhua University, and his Ph.D. from the University of Minnesota. Dr. Chang has published more than 60 articles in leading academic journals, and has received numerous awards for his research articles and one award for his outstanding teaching. He is professionally qualified as a CPA and a CMA, and has served as a consultant to several for-profit and non-profit organizations.
Stacy Kline, MBA, CPA has been a Clinical Associate Professor of Accounting at Drexel University for over fifteen years. Prior to joining the faculty at Drexel, she earned her MBA from Temple University and worked in public accounting for over nine years. Professor Kline has published articles, authored CPE courses and has served as a reviewer for a number of other CPE courses."

Costing and Pricing Public Sector Services is one of a series of books entitled "Essential Skills for the Public Sector". It sets out the process of identifying service costs, establishing unit costs, and cost control, all essential activities for ensuring value for money and accountability. It is an important text for all those working in the a public and not for profit environment as it takes private sector principles and translates them into practical tools that can be applied to public services. With increasing competition seen as a method to improve services and drive down costs, understanding the true cost of public services is important. This book also tackles many of the day to day problems that may be encountered when trying to develop unit costs for a public service entering a market led environment. There are worked examples and practical exercises which allow the theory to be put into practice, encouraging self-development and continuous improvement. The style is simple, easy to read, and accessible to staff at all levels within an organisation. It is an essential addition to a manager's toolkit of skills and knowledge.

Essentials Of Cost Accounting For Health Care Organizations, Third Edition Is A Comprehensive Text That Applies The Tools And Techniques Of Cost Accounting To The Health Services Field. It Is An Essential Tool For All Professionals Who Need To Deal With The Challenges Of Managing Health Facilities In A Difficult Economic Environment. The Third Edition Has An Increased Emphasis On Managed Care As Well As A New Computer-Based Component. It Has Been Thoroughly Revised To Reflect The Recent Changes In Medicare/Medicaid And Includes An All New Chapter On Activity-Based Costing.

This well-established and widely adopted textbook, now in its 12th edition, continues to provide an in-depth and insightful analysis of the modern theories and practices of Cost Accounting. That the book has gone into its 12th edition is a testimony of its wide acceptance by the students, academics and professionals. Primarily intended for postgraduate and undergraduate students of Commerce and Management, the book would also immensely benefit students pursuing professional courses offered by the Institute of Chartered Accountants of India (ICAI), Institute of Cost and Works Accountants of India (ICWAI), Institute of Company Secretaries of India (ICSI), and those pursuing the Chartered Financial Analyst (CFA) course.

ESSENTIALS OF ACCOUNTS PAYABLE

Full of valuable tips, techniques, illustrative real-world examples, exhibits, and best practices, this handy and concise paperback will help you stay up to date on the newest thinking, strategies, developments, and technologies in accounts payable.

"A real-world approach, with great insights and practical wisdom on all aspects of the accounts payable process. Essentials of Accounts Payable provides accounts payable professionals with a framework for action in a rapidly changing environment."
–Tom Nichols, Division Manager, Accounts Payable Operations, AT&T

"Mary Schaeffer has combined her considerable knowledge of the accounts payable process with the learning and benchmark statistics from top companies to produce a world-class guide to the AP process. Without Mary Schaeffer, and IOMA, AP would still be a neglected financial process without any formal reading to explain the complexities of a process that most companies think is simply paying the bills. This book is a must-read for anyone working in, directing, or managing AP operations, both seasoned professionals and those new to the process."
–Linda Sawyer Sisko, Programs Manager, Cisco Systems, Inc.

"This book does an excellent job of explaining the often complicated basics of the accounts payable functions. It provides a quick snapshot for busy executives who need to know how an accounts payable department should run. It is an excellent update for those executives who need to keep up to date on numerous issues that affect this rapidly evolving profession."
–Adrienne Glasgow, Chief Financial Officer, American Red Cross in Greater New York

The Wiley Essentials Series–because the business world is always changing...and so should you.