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"Business leaders are always being presented with proposals to 'improve' corporate performance. Cokins turns ABC/M into an objective tool for forecasting the actual costs in an improved environment. Every executive should follow Gary's methods to predict benefits before risking company and career on a multimillion-dollar program."--Hugh D. Pinkus, Executive Consultant, Industrial Sector, Business Innovation Services, IBM Global Services
"Gary Cokins advances Activity-Based Cost Management the next step. In addition to providing the roadmap for ABC/M implementation success, Gary reveals the real strategic applications of ABC/M."--Joe Kosinski, Director, Corporate Manufacturing Accounting, Abbott Laboratories
"ABC/M is lucky to have Gary Cokins as its advocate. Gary has the gift to take the concept that many view as complex and reduce it to its simplest terms, and he has done so again here. After reading this book, you will have an understanding of the power of ABC/M as a tool to understand costs and make better business decisions."--John F. Morrow, CPA, AICPA Vice President, The New Finance
"Gary Cokins has helped light the way for cost and profitability analysis practitioners for many years. His wit and vivid metaphors engage a broad audience of managers and executives, helping generate not only new levels of understanding but also genuine enthusiasm for applying 'accounting' tools to improve bottom-line performance."--Tim Jordheim, Manager, ABC/M Center of Expertise, Cargill, Inc.
"Making sense of complex end-to-end business processes can hinder timely and substantive improvements. This thorough and engaging book shows how processes can be reduced to activity-level building blocks where resource consumption relationships can be identified and evaluated. Insights gained from these evaluations can then be used to motivate and prioritize changes that bring actual process-related costs into balance with other organizational goals such as productivity, cycle time, quality, and customer satisfaction."--Hal Thilmony, Senior Manager, Financial Business Process Improvement, Cisco Systems
1. Removing the Blindfold with ABC/M.
2. A Management Accounting Framework: A Taxonomy.
3. Are All Your Trading Partners "Worth It" to You?
4. The Internet, E-Commerce, Supply Chain Management, and Digital Economies: Where Does ABC/M Fit In?
5. The Holy Grail: Performance Measure Systems.
That Produce the Correct Behavior.
6. Popular Uses of ABC/M.
7. ABC/M Integrates with Other Software Tools.
8. Predictive Costing, Predictive Accounting.
9. Implementing ABC/M Through Rapid Prototyping.
10. Common Misconceptions about ABC/M and Employee Buy-In.
11. Stage Five Cost Systems: The Future of ABC/M.
Posted December 20, 2002
This book is an excellent resource for learning and understanding ABC accounting. Unlike many web articles and white papers, Gary's book is a practical not academic approach from someone who has been there, done that, and has the t-shirt. It's filled with lots of explanatory diagrams which help to visualize the concepts presented and are useful when presenting on a high-level to executives under time constraints for reading. Chapter 1 clearly presents ABC basic concepts while Chapter 2 is a direct follow-on expanding the depth and breath of those basic concepts. Chapter 3 addresses the question that all senior management wants to know: Are all your trading partners worth it to you? Subsequent chapters focus on typical ABC modeling applications most relevant to organizations. Chapter 6 gives a very good cross-comparison of project/work order costing vs. ABC that is very helpful to project-centric organizations in understanding how ABC differentiates itself. Chapter 7 succinctly places ABC software in the reengineering software spectrum without getting lost in a technological morass. Chapter 9 addresses rapid prototyping for getting initial results from the methodology that can be tweaked iteratively to grow a more sophisticated ABC model. In conclusion, I highly recommend this book and look forward to Gary's "ABC Management - Making it Work" which is next on my ABC must-read list.Was this review helpful? Yes NoThank you for your feedback. Report this reviewThank you, this review has been flagged.
Posted October 17, 2002
I originally bought this book because of its title and because I am familiar with other published articles, white papers and books by Gary Cokins on activity-based cost/management. I thought this recently written Executive¿s Guide would be something I could give the senior management group in my organization to bring them up to date on the latest ABC/M thinking. While the book didn¿t turn out to be the condensed version that covers ABC/M in five minutes, it has a compelling Chapter One that will grab the attention of senior executives interested in survival of their organization. Cokins¿ book is rich with examples of how activity-based thinking, methodology and tools can influence and support smart decision making. The book presents an excellent case for why activity-based information is so critical. It also covers the pitfalls, misconceptions, critical success factors and the how-to¿s, from designing a model to using the model results for advanced applications such as budgeting and predictive costing. It is an excellent ¿nuts and bolts¿ reference book. The difference in this book from Cokin¿s earlier books is that it is written with a maturing perspective on ABC/M gained from the abundant successes and failures of ABC implementations over the past few years.Was this review helpful? Yes NoThank you for your feedback. Report this reviewThank you, this review has been flagged.