Explicit Cost Dynamics: An Alternative to Activity?Based Costing (Wiley Cost Management Series)

Yu?Lee, Reginald Tomas

ISBN 10: 0471389439 / ISBN 13: 9780471389439

Published by John Wiley and Sons, 2001

About this Item

Dispatched, from the UK, within 48 hours of ordering. This book is in good condition but will show signs of previous ownership. Please expect some creasing to the spine and/or minor damage to the cover.

Seller Inventory # CHL10778320

Bibliographic Details

• Title: Explicit Cost Dynamics: An Alternative to Activity?Based Costing (Wiley Cost Management Series)
• Publisher: John Wiley and Sons
• Publication Date: 2001
• Language: English
• ISBN 10: 0471389439
• ISBN 13: 9780471389439
• Binding: hardcover
• Condition: Used; Good

About this title

Synopsis

GETTING TO THE BOTTOM OF THE BOTTOM LINE

Traditional cost management systems typically defeat their own purpose by leading corporations to make decisions that ultimately do not optimize performance. These systems are the foundation for decisions that are made throughout the corporation. In order for organizations to increase performance beyond current capabilities, a new approach is needed that addresses issues such as understanding the true impact of various actions on the bottom line-and eliminating methods that distort numbers and narrow options. Explicit Cost Dynamics (ECD) offers such an alternative, and this expertly written, revolutionary book provides an indispensable introduction to the subject.

Informative and easy-to-read, Explicit Cost Dynamics:

• Provides an alternative view and understanding of the impact of costs, actions, and time on the bottom line of a corporation
• Explains how this new theory can lead to an overall profit maximization
• Shows that costs can be considered as either a function of activities performed, as a function of resources expended, or of time
• Shows that the difference between explicit dollars flowing into and out of a company is equal to the rate of change of cash
• . . . and much more to help CEOs, CFOs, controllers, cost managers, financial managers, and others involved in the decision-making process improve their organizations' overall bottom lines.

About the Author

REGINALD TOMAS YU-LEE currently works as an executive consultant with extensive experience in the areas of strategy, supply chain, information systems, manufacturing operations, procurement, demand planning, new product development, and costing systems. He holds a PhD in mechanical engineering and has worked as an engineer, professor, and president of a company in Dayton, Ohio.