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Title: Cost & Effect: Using Integrated Cost Systems to Drive Profitability and Performance by Robert S. Kaplan, Robin Cooper ISBN: 0-87584-788-9 Publisher: Harvard Business School Press Pub. Date: January, 1998 Format: Hardcover Volumes: 1 List Price(USD): $35.00 |
Average Customer Rating: 4.86 (7 reviews)
Rating: 5
Summary: BEST ANALYSIS OF ACTIVITY BASED COSTING AND HOW TO GUIDE
Comment: Kaplan and Cooper have put together an outstanding guidebook for managers to follow in order to reap the most significant benefits from activity based costing and other cost management techniques. The great merit of this book is that it does not preach to the reader the latest management fad, but rather goes through a thorough analysis of budgeting processes, highlighting benefits and drawbacks of each. They do not claim ABC is the best approach, and even praise some simpler methods that are more adequate for certain companies. Instead, they point to the circumstances in which ABC can provide outstanding results to companies.
The book structured first with an analysis of the most often used systems of managerial cost accounting. It highlights the shortcomings of these, proceeding then to present certain productivity improvements that could contribute to performance. These are mostly related to the quality movements (TQM, 6 Sigma, etc), which are presented in a very understandable way. These are complements to the existing usual cost management systems. These improvements can be made even without implementing ABC systems.
Then the authors proceed to describe activity based costing and its benefits in terms of choosing customers, suppliers, and product breadth. They present many examples that would be very relevant to any practitioner, in industry or service. There is a specific section focusing on services, which makes the appropriate adaptations to the systems for the peculiarities of it.
Overall, an outstanding work, to help anyone involved in cost management, whether they are interested in activity based costing or more traditional standard costing methods.
Rating: 5
Summary: The very best book on activity-based management.
Comment: I have read this book cover to cover and have re-read chapters. Kaplan ensures that you grasp the fundamental concepts by keeping things simple. He illustrates the concepts with easy to understand examples. I gained very little knowledge from the first 3 ABM books I read, but after reading "Cost and Effect," I felt that I had a good enough grasp of the fundamentals to actually implement a costing system.
Rating: 5
Summary: Cooper and Kaplan: my heroes
Comment: After reading several academic papers concerning activity based costing I still wasn't convinced about the usefullness of the methodology. After reading Cost & Effect I revised my opinion on Cost Management. This book gives all the answers to effective Cost Management. It takes you from the ABC Age to the Activity Based Management Age and clearly helps you to understand what costs are alle about. Once you really understand the topics of this book you will be able to face and manage costs in whatever business you are in. Read it!
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Title: Activity-based Cost Management: An Executive's Guide by Gary Cokins ISBN: 047144328X Publisher: John Wiley & Sons Pub. Date: 07 September, 2001 List Price(USD): $34.95 |
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Title: Activity-Based Cost Management Making It Work: A Manager's Guide to Implementing and Sustaining an Effective ABC System by Gary Cokins ISBN: 0786307404 Publisher: McGraw-Hill Trade Pub. Date: 01 April, 1996 List Price(USD): $32.50 |
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Title: Activity-Based Costing : Making It Work for Small and Mid-Sized Companies by Douglas T. Hicks ISBN: 047123754X Publisher: John Wiley & Sons Pub. Date: 09 August, 2002 List Price(USD): $58.00 |
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Title: The Balanced Scorecard: Translating Strategy into Action by Robert S. Kaplan, David P. Norton ISBN: 0875846513 Publisher: Harvard Business School Press Pub. Date: September, 1996 List Price(USD): $35.00 |
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Title: The Cost Management Toolbox: A Manager's Guide to Controlling Costs and Boosting Profits by Lianabel Oliver ISBN: 081447053X Publisher: AMACOM Pub. Date: January, 2000 List Price(USD): $28.95 |
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