This volume provides a lucid presentation of how to use financial information to manage costs. It explains how the financial processes of an organization (planning, budgeting, capital investment analysis, and costs) are interrelated, and interprets these processes in the context of the firm's strategic objectives and long-term goals.
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Editorial Reviews
Review
This book is a must for both accountants and managers. -- National Public Accountant
From the Back Cover
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
-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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Most Helpful Customer Reviews
6 of 6 people found the following review helpful:
5.0 out of 5 stars
Easy to read with great examples,
By John A Kreuser (Kenosha, WI United States) - See all my reviews
This review is from: The Cost Management Toolbox: A Manager's Guide to Controlling Costs and Boosting Profits (Paperback)
I really enjoyed reading this book. By far, it is one of the best I've read in the field of cost accounting. Lianabel does a great job explaining the concepts and bringing them to life with examples. By the way, if you're interested in ABC/ABM, Tom Pryor's book called "Using ABM for Continuous Improvement" is also a great book with lots of examples.
4 of 4 people found the following review helpful:
5.0 out of 5 stars
A very good reference book for non-accounting person,
By A Customer
This review is from: The Cost Management Toolbox: A Manager's Guide to Controlling Costs and Boosting Profits (Paperback)
I find this book terrific, as my current work involve costing and I don't have any accounting background. It tells me the very logical way to know the how the cost really count-on. I do recommend it to any person who want to know costing more deeply.
2 of 2 people found the following review helpful:
5.0 out of 5 stars
An Excellent Toolbox for Managerial Accounting,
By Luis I Diaz Cruz (San Juan, PR USA) - See all my reviews
This review is from: The Cost Management Toolbox: A Manager's Guide to Controlling Costs and Boosting Profits (Paperback)
"The Cost Management Toolbox" is an excellent reference book, being a very useful and practical tool for accounting and non-accounting professionals. I use it very often for day to day managerial accounting situations in which the concepts presented by an experienced professional as Lianabel Oliver are very helpful. It is very easy to understand, and its examples are clear and concise.
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Front Cover | Front Flap | Table of Contents | First Pages | Index | Back Flap | Back Cover | Surprise Me!
Inside This Book
(learn more)
First Sentence:
Financial statements are the primary mechanisms for communicating information on an organization's financial performance. Read the first page Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
cost allocation rate, budget preparation method, appropriate activity measure, assign the indirect costs, incremental operating income, total labor method, total available labor hours, service overhead costs, relevant cost analysis, frontline labor, materials efficiency variance, identify the indirect costs, cost improvement opportunities, cost rollup, standard cost rate, costing principles, cost behavior pattern, average actual cost, postimplementation evaluation, activity dictionary, total service costs, budgeted income statement, other support departments, costing guidelines, static budget Key Phrases - Capitalized Phrases (CAPs): (learn more)
Freshly Baked, Meneer Company, Prentice Hall, Advanced Diagnostics Imaging, New York, Robin Cooper, The Basics, Englewood Cliffs, George Foster, Tropical Delights, Managerial Emphasis, The Computer Company, Harvard Business Review, Sylvia Simmons, Common Cents, Journal of Cost Management, Upper Saddle River, Cost Technology, Free Press, Prepare Your Departmental Budget New!
Books on Related Topics | Concordance | Text Stats Browse Sample Pages:
Front Cover | Front Flap | Table of Contents | First Pages | Index | Back Flap | Back Cover | Surprise Me!
Financial statements are the primary mechanisms for communicating information on an organization's financial performance. Read the first page Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
cost allocation rate, budget preparation method, appropriate activity measure, assign the indirect costs, incremental operating income, total labor method, total available labor hours, service overhead costs, relevant cost analysis, frontline labor, materials efficiency variance, identify the indirect costs, cost improvement opportunities, cost rollup, standard cost rate, costing principles, cost behavior pattern, average actual cost, postimplementation evaluation, activity dictionary, total service costs, budgeted income statement, other support departments, costing guidelines, static budget Key Phrases - Capitalized Phrases (CAPs): (learn more)
Freshly Baked, Meneer Company, Prentice Hall, Advanced Diagnostics Imaging, New York, Robin Cooper, The Basics, Englewood Cliffs, George Foster, Tropical Delights, Managerial Emphasis, The Computer Company, Harvard Business Review, Sylvia Simmons, Common Cents, Journal of Cost Management, Upper Saddle River, Cost Technology, Free Press, Prepare Your Departmental Budget New!
Books on Related Topics | Concordance | Text Stats Browse Sample Pages:
Front Cover | Front Flap | Table of Contents | First Pages | Index | Back Flap | Back Cover | Surprise Me!
Citations (learn more)
This book cites 39
books:
See all 39 books this book cites
- Management Accounting (No. 2) by J. Innes on 8 pages
- on 7 pages
- Cost Accounting: A Managerial Emphasis by Charles T. Horngren on 7 pages
- Cost Accounting (Norwegian Edition) by Charles T. Horngren on 6 pages
- Management Accounting, Fourth Edition by Anthony A. Atkinson on 5 pages
See all 39 books this book cites
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