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.
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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.
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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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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.
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.
Pharma, the next Brexit drama?
Article on how Brexit is likely to impact the UK pharmaceutical market. The short-term investment outlook has become more attractive with the low-cost pound and many UK-based pharmaceutical companies have seen their share price rise.
Leaning away from standard costing
The article reports on the decision by some manufacturers to move away from standard costing and variance analysis (SCVA) during critical financial times. Topics covered include the threat posed by the implementation of traditional production control systems to lean companies. Also mentioned is the impact of SCVA on efforts to build long-term competitive advantages.
Small Business Update
Small Business Update is a monthly magazine for SMEs with articles covering the latest regulatory developments, practical advice and hot topics.
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.
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.
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
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.
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.
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.
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