This book demonstrates how throughput accounting rather than traditional cost accounting is the measurement tool required for business decisions. This information is presented as an in-depth and impartial evaluation of the implementation of the Theory of Constraints at over 20 companies. Seven of the case studies are described in detail, including the original thinking process with diagrams as constructed by the companies' managers. Fascinating and enlightening reading!
| ||||||||||||||||||
Book Description
Frequently Bought Together
Product Details
Would you like to update product info or give feedback on images?
|
More About the Authors
Discover books, learn about writers, read author blogs, and more.
Customer Reviews
|
Share your thoughts with other customers:
|
||||||||||||||||||||||
|
Most Helpful Customer Reviews
27 of 29 people found the following review helpful:
4.0 out of 5 stars
Good, but not what the title suggests.,
By A Customer
This review is from: Theory of Constraints and Its Implications for Management Accounting (Paperback)
This book was the best summary of the Thinking Process I have yet read, but it's title suggests an accounting focus. The accounting focus lasted just for the first section. The real value of this book was the case studies where they discussed some of the benefits and pitfalls experienced by some companies that implemented TOC ideals.
5 of 5 people found the following review helpful:
5.0 out of 5 stars
a change of paradigm for managers and accountants,
By new paradigm (Glendale, AZ) - See all my reviews
This review is from: Theory of Constraints and Its Implications for Management Accounting (Paperback)
...this is an excellent book that summarizes Goldratt's theory explained in the Goal and the Haystack Syndrome (preferably, read these two first). The point of this book is not to change the "accounting" for IRS purpose or whatever, the purpose is to give "real world" experience applying TOC in management decision making. This theory is the theory of common sense, nothing more, but yet, we easily forget about it. One of the biggest insights of the theory is that Cost Accounting recognizes no constraint in a system (i.e. company) at all, making it obsolescent for decision making. So, if you are ready to forget about everything you know about cost allocation and believe that you can arrive to better decision making without the need of a "product cost" go ahead with this book and be surprised!...again this is a change of paradigm and, because of that, for some people will be difficult to digest, specially accountants and ABC advocates.
8 of 11 people found the following review helpful:
2.0 out of 5 stars
Good start but disappointing,
By Neil K (Seattle, WA USA) - See all my reviews
This review is from: Theory of Constraints and Its Implications for Management Accounting (Paperback)
In the first 2 chapters the authors do a good job of explaining why variable costing is better than full absorption costing. Thereafter the book fails to add much more than that. I learned in university that variable costing is better than full absorption costing, so this is nothing new - what would be more useful would be ways to use both systems simultaneously, seeing as full absorption costing will be with us for SEC and IRS reporting purposes.Great start, but left with a feeling that I hadn't really learned much in the end.
Share your thoughts with other customers: Create your own review
|
|
What Other Items Do Customers Buy After Viewing This Item?
Tags Customers Associate with This Product(What's this?)Click on a tag to find related items, discussions, and people.
|
Sell a Digital Version of This Book in the Kindle Store
If you are a publisher or author and hold the digital rights to a book, you can sell a digital version of it in our Kindle Store.
Learn more
Listmania!
|
|
