Throughput Accounting
Thomas Corbett
Info
Level of TOC knowledge acquired:
IntroductoryLength:
160 pagesDesigned for:
Business owners, Consultants, Executives, Implementers and ManagersTopics:
Finance and MeasurementsApplication:
Throughput AccountingLanguage:
English, Lithuanian and SpanishFormat:
PaperbackShare
Recommend
The Theory of Constraints, a management philosophy derived from physics, assumes that constraints prevent organizations from achieving better performance. The Theory of Constraints (TOC) is based on a scientific method that has been developed and refined for nearly three decades by Dr. Eliyahu M. Goldratt. As a tool for business management, it is now accepted as a mainstream alternative to cost accounting.
This book:
- Reveals a new management tool for managerial accounting and shows an alternative path for other management practices.
- Enables managers to quickly see if their decisions increase profitability.
- Demonstrates some of cost accounting\\\'s flaws, and shows how these errors will lead to bad decision making.
- Compares the paradigm of TOC-based throughput accounting with more conventional cost accounting methodologies and in the process, demonstrates a new way to solve the complex problems of modern management.
Features:
- How our old cost accounting techniques are inadequate and more importantly, can lead us to make decisions which actually harm the bottom line
- Provide real financial statements and measures that support the concepts in TOC and allow accountants to give production management the data they need
- How to use TOC to make various financial decisions
Learn how to apply the theory of constraints to management accounting.
The Theory of Constraints, a management philosophy derived from physics, assumes that constraints prevent organizations from achieving better performance.
The Theory of Constraints (TOC) is based on a scientific method that has been developed and refined for nearly three decades by Dr. Eliyahu M. Goldratt.
As a tool for business management, it is now accepted as a mainstream alternative to cost accounting.
"TOC is radically different from traditional accounting methods taught in universities, the focus is on finding the highest price that the market will bear and maximizing throughput dollars, not cost-plus accounting." Accounting Today.
This book:
Reveals a new management tool for managerial accounting and shows an alternative path for other management practices.
Enables managers to quickly see if their decisions increase profitability.
Demonstrates some of cost accounting's flaws, and shows how these errors will lead to bad decision making.
Compares the paradigm of TOC-based throughput accounting with more conventional cost accounting methodologies and in the process, demonstrates a new way to solve the complex problems of modern management.
"Cost Accounting is productivity