Cost Management: Implementing Target Costing
Target costing, a concept used by many successful Japanese automotive, electronic and other businesses is a fundamentally different way to look at the relationship of prices and costs. this arcle will outline target costing, it's benefits, process and tools to help implement this method in your organization. A very helpful article for any company looking to reduce costs.
Value Chain Analysis for Assessing Competitive Advantage
This article from the Institute of Management Accountants is a great refresher and eye opener on the importance of the value chain in competitive advantage and cost reduction. It is a comprehensive, in depth article full of real world examples.
Basics of Activity Based Management
With ABM; businesses can make dramatic improvements in measuring product and process costs as well as customer profitability. This article covers Activity Based Management, provides a refresher on what it is, why it is applicable to business and provides a coparison along with examples to traditional product costing.
Managing Customer Profitability
Businesses are well aware that not all customers are equally profitable. This article from the Journal of Accountancy demonstrates five reoccurring steps in the customer value management cycle to help you determine which customers are most valuable to your organization.
Advanced Management Accounting (MA2) — 2011/12 Student Course Notes
Advanced Management Accounting [MA2] is the final of two mandatory courses in the management accounting stream in the CGA program of professional studies. It introduces the important and increasing role of management accountants in assisting managers to make decisions. It also deals with some advanced topics related to decision framing, contemporary approaches, and performance evaluation, and integrates agency theory and ethical considerations in management accounting.