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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
  • ICAEW resources
  • Articles and books in the Library collection

Contact the Library

Expert help for your enquiries and research.

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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. If you are unable to access an eBook, please see our Help and support advice or contact library@icaew.com.

Complete CFO handbook: from accounting to accountability, The

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.

Controller's function: the work of the managerial accountant, The

The book aims to provide the management accountant with facts and guidance for all aspects of their role. It contains chapters on the role of the management accountant, internal control, strategic business planning, long-range financial planning, cash and investments, operational accounting, SEC filings, performance measurement, financial analysis, cost management, taxation, and selecting a financial information system.

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.

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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.

Stop satisfying your customers: go beyond their expectations

The article discusses techniques for creating loyal customers. These include exceeding customer expectations, finding out what the customers want, and making a service unique to each customer. Also discussed are some low-cost ways to surprise and delight customers, such as sending a personal thank you note, displaying exuberance when providing service, and making phone calls to see if customers are still happy.

Value through Robotic Process Automation

Replacing labor- and transaction-intensive processes with Robotic Process Automation (RPA) can reduce costs while improving efficiency and quality. Article ooks at questions that CFOs are asking and 4 basic steps for to follow.

Creating an inventory control center of excellence

Stephen McNally was previously a Finance director/controller at Campbell Soup. In this manufacturing case study he explains how his Finance Inventory Control team created an Inventory Control Center of Excellence (COE), becoming 'go to' subject matter experts for inventory control in the company. The team were able to improve the company's inventory management and reduce costs, making the finance team true business partners within the organisation.

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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.

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.

Dealing with false expense claims


Research in March this year highlighted that as many as one in 30 expense claims are false. Employers need to monitor staff expenses claims more closely in the current economic environment. Kate Horstead looks at how you can tighten your expenses policy

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.


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 
(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 
(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 web chat 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.

Featured article

How can today's technology help with cost control?
AccountingWeb, July 2017
An overview of the available cost management apps and other digital services. Part three of a series on cost control.

Featured book

Introduction to management accounting 
(Pearson Education, 2014)
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.