- Hardcover: 192 pages
- Publisher: McGraw-Hill; 1 edition (April 1, 1996)
- Language: English
- ISBN-10: 0786307404
- ISBN-13: 978-0786307401
- Product Dimensions: 6.2 x 0.9 x 9 inches
- Shipping Weight: 1.3 pounds (View shipping rates and policies)
- Average Customer Review: 19 customer reviews
- Amazon Best Sellers Rank: #2,296,765 in Books (See Top 100 in Books)
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Activity-Based Cost Management Making It Work: A Manager's Guide to Implementing and Sustaining an Effective ABC System 1st Edition
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Top customer reviews
The book gives a clear message and plenty of diagrams to support the reading. It should be a must read for any systems analyst.
This book is, in my opinion, one of the best I have read on the subject. It is not biased to any specific industry, and is not a gushing testimonial to ABC. In fact, the book starts with some pitfalls of ABC and how to avoid them, then goes into a frank discussion of why such systems fail. The book also contains a chapter on common misconceptions of ABC and succinctly dispells them. I appreciate not only the author's balanced approach, but the great advice he gives to make an ABC implementation successful.
If you are new to ABC the framework that is provided for mapping cost flows is going to be invaluable and key to understanding activity-based cost management. I especially liked the chapter on the unification of time, cost and quality - these are the real reasons for implementing ABC and the author does a great job of explaining the interrelationships.
The best part of this book is the chapters that address implementation. The approach taken by the author is straightforward, but admittedly not simple. The roadmap the author provides is an excellent starting point for an implementation plan, as is the advice on ongoing operations in an ABC management environment.
In my industry, IT consulting, this book provides an excellent approach to determining total cots of ownership (TCO) for systems and applications. This is not well understood by my colleagues or clients, and is further clouded by conflicting material from some industry analysts that will go unnamed. I believe that ABC is the only viable approach to getting this aspect of information technology under control. ABC is also an excellent tool for planning outsourcing engagements because you can see where the cost drivers are and systematically eliminate them. If you are doing this from the client side you will greatly reduce cost risk; if from the outsourcing provider side you will improve profitability. ABC is also useful to IT consultants and consulting companies to design services or to eliminate service offerings that are not profitable. Using techniques to examine contribution margin is the norm - using ABC is far more powerful.
Bottom line: this book clearly explains activity-based cost management, provides an unbiased discussion on the strengths and weaknesses of its use, and shows how to effectively implement it in an organization. I strongly recommend this book to anyone who is exploring ABC or is involved in an ABC implementation.
He wrote this book in 1996 to help managers see the interconnections between time, quality, capacity, flexibility and cost in an effort to achieve superior payback performance using product and service costing techniques that were more realistic and accurate than that day's cost accounting systems.
Written in clear language with pertinent examples, the book provides managers with a framework for managers to map cost flows, increase profits, improve decision-making and implement activity-based cost management. Although the system is complex, Cokin remains down-to-earth and pointed in his analysis.