Throughput Accounting
| Author | : | |
| Rating | : | 4.58 (621 Votes) |
| Asin | : | 0884271587 |
| Format Type | : | paperback |
| Number of Pages | : | 160 Pages |
| Publish Date | : | 2013-10-29 |
| Language | : | English |
DESCRIPTION:
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.. Eliyahu M. Goldratt. Demonstrates some of cost accounting's flaws, and shows how these errors will lead to bad decision making. As a tool for business management, TOC is now accepted as a mainstream alternative to cost accounting. Throughput Accounting Reveals a new management tool for managerial accounting and shows an alternative path for other management practices. Learn How To Apply The Theory Of Constraints To Management Accounting. Enables managers to quickly see if their decisions increase profitability. The Theory of Constraints (TOC) is based on a scientific method that has been developed and refined for nearly three decades by Dr. The Theory of Constraints, a management philosophy derived from physics, assumes
"Required book for the TOC financial management library." according to A Customer. "Throughput Accounting," by Thomas Corbett, is a good "hands on" book which is mostly correct. It draws on the mainstream TOC literature in accounting (i.e., The Haystack Syndrome), touches most relevant areas, and represents the first thing that I have seen (other than Goldratt's writings) that seems to meet the three criteria of constraints accounting (explicit consideration of constraints, throughput considerations, and decoupling revenues from costs).. An excellent primer I have to push myself to read most accounting books. This one pulled me along. As a Jonah's Jonah focused on eliminating market constraints I am constantly faced with the internal sell of new company policy. Often the resistance to change is couched in accounting terminology. This book provides the tools required to establish the mutual understanding needed for collaborative problem solving. Particularly helpful is the discussion relating TOC to TQM and J. "like me, who have not" according to Mr. J. R. Black. This book will make sense to those who have studied cost accounting and those, like me, who have not. Until this book, I was perplexed by cost accounting. The principles espoused in Mr. Corbett's book vindicates the instinctive objections I had to traditional methods.