How to use financial information to strategically manage costs. Managers rarely get financial information the way they really need it. How can a nonfinancial manager minimize costs with the financial information he or she does get? By reading and absorbing this clear, concise new book.
THE COST MANAGEMENT TOOLBOX lucidly explains how financial information--especially information relating to costs--is generated and reported in today's service and manufacturing organizations. Avoiding hard-to-grasp technicalities, it shows business professionals how to: * Accurately determine how well their business is performing * Quickly diagnose financial and operational problems * Effectively evaluate new business propositions * Confidently forecast future trends and project future costs * Strategically plan and prepare a departmental budget * Strictly analyze costs, including the rarely-discussed area of service costing.
"synopsis" may belong to another edition of this title.
Lianabel Oliver (Rio Piedras, PR), CPA, CMA, is president of Pathways, a provider of business training and consulting services specializing in cost management and accounting processes. Her professional background includes finance and accounting positions with Apple Computer and Hewlett-Packard.
The Cost Management Toolbox provides a good combination of accounting and management, a consistent user focus, a straightforward explanation of management accounting concepts and techniques, a sensible evaluation of modern activity-based management, a real-life flavor, and a lively writing style.
-Charles Horngren, Edmund W. Littlefield Professor of Accounting, Emeritus, Stanford Graduate School of Business
"I was astounded at the clarity of Lianabel Oliver's book. This plain-speaking articulation of business accounting, financial management and strategic planning is an easy read for the average business enthusiast. The section on Costing Principles and Systems is the best I've seen."
-Leroy T. Barnes, Jr., Vice President and Treasurer, The Gap, Inc.
"This book is excellent. It bridges the difficult gap between theory and practice. The book covers the budget process and the important linkages to the firm's strategic plan as well as costs and general financial information. This is a book you can use."
-Richard L. Carrion, President and CEO, Banco Popular de Puerto Rico
"The Cost Management Toolbox takes some complex concepts, frameworks, definitions, formulas and intricate processes, and streamlines them for all levels of business management. The book explains alternative approaches to costing and analysis and objectively points out the pros and cons of competing methodologies. Practices and theory live in complete harmony throughout the text, with well-chosen examples and step-by-step walk-throughs. Your understanding will increase dramatically by reading this book."
-Debi Coleman, CEO, Merix Corporation
"An excellent tool for executives without formal financial background. The book provides a good overview on how to use financial concepts in managing the business."
-Jose Luis Rosado, President and General Manager, SmithKline Beecham Pharmaceuticals of Puerto Rico
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