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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

Contact the Library

Expert help for your enquiries and research.

E  library@icaew.com
T  +44 (0)20 7920 8620
F  +44 (0)20 7920 8621

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.

The complete CFO handbook: from accounting to accountability

The book contains chapters on obtaining funding, corporate risk management, business strategy and financial planning, performance measurement and transfer pricing, asset management, cost management and finance function effectiveness.

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.

Strategic cost analysis

Practical advice for applying cost management techniques in a business. Includes sections managerial decision making and strategic cost management.

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.

Articles are available to logged-in ICAEW members, ACA students and other entitled users.

Measuring and managing customer profitability

Gary Cokins writes on how to use activity based costing methods to identify customer profitability levels and ways to migrate customers to higher profitability. The article updates part of his 2001 book Activity-Based Cost Management: An Executive’s Guide.

Measuring and managing customer profitability

Find out how to grow the profitability of your customers. An update to Gary Cokin's 2001 book 'Activity-Based Cost Management: An Executive's Guide'.

How not to cut health care costs

Health care providers in the United States and much of the rest of the world are trying to respond to the tremendous pressure to reduce costs. Many of their attempts, however, are counterproductive, ultimately leading to higher costs. The authors examine five common cost-cutting mistakes in detail.

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Small Business Update

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

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.

Five practical approaches to cost reduction 
Accountancy Ireland, Vol.45. No.2. April 2013. pp.52-53
Many, if not most, businesses have already taken action on their cost bases but prospects for 2013 remain difficult and further cost cutting may be required. The article covers: examine the three Es: economy, efficiency and effectiveness; consider value engineering; renegotiate contracts with suppliers; tackle labour costs; and implementing the plan.

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.

ICAEW accepts no responsibility for the content on any site to which a hypertext link from this site exists. The links are provided ‘as is’ with no warranty, express or implied, for the information provided within them. Please see the full copyright and disclaimer notice.