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Cost management

Find out more about cost management and cost control with our selection of articles, links and guides to help you identify best practice, techniques and tools to apply to your business.

What's on this page?

  • eBooks
  • Briefings
  • Online articles
  • Small Business Update
  • Useful links
  • Articles and books in the Library collection

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Expert help for your enquiries and research.

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Featured article

Enterprise operations and performance management
Ian Herbert explains the lean approach to cost reduction and examines the potential benefits - and risks - for finance departments planning to adopt it.

You will need to be logged-in to the website to access the full range of articles available online.

Featured book

Introduction to management accounting 
Horngren C.T. and others (Pearson Education, 2014, 857 pages)
Written to help those new to the subject learn how to make effective economic decisions. Includes sections on cost management systems and product costing.

To borrow this book please contact the Library.


The Library provides full text access to a selection of key business and reference eBooks from leading publishers. eBooks are available to logged-in ICAEW members, ACA students and other entitled users.

Cost management and control in government: fighting the cost war through leadership driven management

The book uses numerous real life case studies to show how and why governments should implement cost management strategies. It includes chapters on talent management, leadership skills, cost control in business processes, and managing change in large organisations.

Hospitality management accounting

The book includes sections on financial statements for the hospitality industry, internal control, cost management, budgeting, cash management, capital budgeting and the investment decision. It covers management accounting from the perspective of the hospitality industry in the US.

Just-in-time accounting: how to decrease costs and increase efficiency

Proposes a method for increasing efficiency in an accounting system by re-organising the accounting controls. Includes chapters on how this can be applied to each aspect of the accounting process, with cost/benefit analyses fir each instance.

Showing 3 of 6 items

Terms of use: You are permitted to access, download, copy, or print out content from eBooks for your own research or study only, subject to the terms of use set by our suppliers and any restrictions imposed by individual publishers. Please see individual supplier pages for full terms of use.


Directors' Briefings and Start-Up Briefings are four-page guides written for the busy practitioner, director and entrepreneur providing concise, practical advice on core business issues.

Disclaimer: These publications from Atom Content Marketing are for general guidance only, for businesses in the United Kingdom governed by the laws of England. Atom Content Marketing, expert contributors and ICAEW (as distributor) disclaim all liability for any errors or omissions.

Online articles

The library provides access to a range of articles in full text from leading business, finance and management journals. Access to articles is provided to logged-in ICAEW members, ACA students and other entitled users subject to suppliers' terms of use.

Priced out

London property rental rates for businesses are predicted to rise steadily during 2016 and 2017, whereas business profits are expected to remain static. What will give? Occupiers are expected to start chasing property cost savings through means such as back-office re-locations out of the capital, short-term serviced office space and encouraging home working.

Free up cash

Renita Wolf covers best practices to help your company manage working capital effectively. To increase profitability, reduce your cash conversion cycle. Cash flow management should be a cross-department organizational concern which the sales, procurement and operations teams are engaged with.

Tail risk hedging: State of the market

The authors discuss managing cost-effective "tail risk hedges" that attempt to mitigate the impact of rare but potentially catastrophic equity market downturns. They focus on hedging domestic large-cap equities, as represented by the S&P 500.

Showing 3 of 18 items

Small Business Update

Small Business Update is a monthly magazine for SMEs with articles covering the latest regulatory developments, practical advice and hot topics.

Optimise your pricing


Getting your prices right is essential. If they're too high, you'll put off potential customers. Aim too low, and you'll throw away potential profit and risk making customers believe your products or services are inferior to higher-priced competitor goods.

Hidden profits in your retail business


Making a profit from selling products or services is vital in any successful business. After all, healthy margins drive growth and ensure that wages get paid. But what about the hidden profits in your business? Emma Allen looks at how you can uncover potential sources of cash.

Reduce your budget deficit


The credit crunch and subsequent bank bail-out have left the UK Government with a £156 billion budget deficit. Falling sales during the economic downturn may have left your firm with its own excess of expenditure over revenue. Kate Horstead finds out how to get through a difficult trading period.

Cost control to boost your business


Faced with falling sales, reduced access to credit and squeezed margins, small-business owners are finding these challenging times. But those who keep a close eye on their costs are more likely to survive, as Kate Horstead explains.

Useful links

Cost management: Control and profitability 
A sample chapter from the Wiley publication Essentials of cost management by C. and J. Stenzel (Wiley, 2002)

Special report: Financial planning and cost management 
This ICAEW Finance and Management Faculty June 2013 report on Financial Planning and Cost Management looks at these related subjects from several angles.

Articles and books in the Library collection

Click on the links below to see our catalogue record and holdings for each item. Please contact us if you would like to borrow a book or request a copy of an article.

Building a sustainable cost leadership culture 
Strategic Finance, September 2014, pages 46-51
As management accountants evolved from "bean counters" into strategic business partners, their focus also evolved, shifting from cost accounting to cost management and ultimately, cost leadership. This involves a proactive attitude to striving for lower costs, improved customer focus, and enhanced market share. As cost leaders, management accountants can help their organisation compete and thrive in today's complex global economy.

CFO fundamentals: your guide to internal controls, financial reporting, IFRS, web 2.0, cloud computing and more 
Shim, J.K. (John Wiley & Sons, 2012)
Part three, cost management and IT systems, contains the sections: cost management and analysis; cost-volume-profit analysis; short-term decisions; financial forecasting, planning and budgeting; risk management; capital budgeting and real options; the what and why of responsibility accounting; control of profit centres; performance of investment centres and transfer pricing; how to analyse and improve corporate profitability and shareholder value; and information technology and IT systems.

Management and cost accounting 
Drury, C. (Cengage Learning EMEA, 2012)
The aim of the 8th ed. of this book is to explain the principles involved in designing and evaluating management and cost accounting information systems. Intended primarily for undergraduate students who are pursuing a one- or two-year management accounting course, and for students who are preparing for the cost and management accounting examinations of the professional accountancy bodies at an intermediate or advanced professional level.

To find out how you can borrow books from the Library please see our guide to book loans. You can obtain copies of articles or extracts of books and reports by post, fax or email through our document supply service.

Can't find what you are looking for?

If you're having trouble finding the information you need, ask the Library & Information Service. Contact us by telephone on +44 (0)20 7920 8620, by fax on +44 (0)20 7920 8621 or by email at library@icaew.com.

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