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Value Creation in Management Accounting: Using Information to Capture Customer Value (Paperback)
Loot Price: R483
Discovery Miles 4 830
You Save: R96
(17%)
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Value Creation in Management Accounting: Using Information to Capture Customer Value (Paperback)
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List price R579
Loot Price R483
Discovery Miles 4 830
You Save R96 (17%)
Supplier out of stock. If you add this item to your wish list we will let you know when it becomes available.
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Value creation is at the heart of an economic enterprise, defining
its capability to serve customers and generate profits and growth.
This fact has led to an ever-increasing set of tools and techniques
that start with customers, focusing on serving their preferences
from the very inception of a product until its disposal. To date,
most of these techniques have been only partially adopted in
management accounting. This is unfortunate, because much of the
data required to adequately implement a value creation approach has
its roots in the Management Accounting System (MAS). The resulting
model is called the Value Creation Model (VCM). This book is
principally designed for managers who want to take the lessons
learned in product development, process management, and marketing
and extend it to their MAS. It seeks to make this transformation of
the MAS both logical and easy to implement, with a focus on the new
types of information that can be garnered when the MAS is modified
to fit the value creation approach. After reading this book, a
manager or executive will be equipped with the tools and techniques
to both implement and use the VCM. The resulting information will
allow the company to align its efforts by creating a common
language which uses the transformed accounting language to compare,
evaluate, and choose the best strategic and tactical options
available. After making these choices, the VCM also allows managers
to subsequently track how closely actual results come to the
projected outcomes. The results and recommendations in this book
are based on action field research, where the authors have
personally supported the analysis and subsequent use of the data
generated. The authors of the book will provide, upon request, a
simplified automated data collection template that will ease the
implementation process. In total, then, this book provides a unique
perspective on the organization and creates an actionable common
language that allows the unification of the continuous improvement
efforts of managers across an organization.
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