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Cost management

Articles, reports and other resources that enable accountants in business to make a real difference to their organisations by providing them with practical information on the latest thinking in cost management.

Why don't back-office efficiency drives work?

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A granular look at back-office operations shows why across-the board cuts make no sense. Marco Ferber, Jürgen Geiger and Klaus Kunkel explain.

Improving undocumented processes

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In most organisations there are hidden opportunities to reduce costs and create spare capacity. Finance can – with employees’ help – uncover and exploit these, as Brian Plowman explains.

Keep your showers tepid even when the boiler is back on

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The tight cost controls imposed out of necessity in tough times, are also a good idea when conditions improve, says Simon Hill. Below he outlines his top tips for retaining those finance ‘good hygiene’ habits.

Cost to support decision making

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To be an effective strategic business partner, the professional accountant in business needs to have a deep and critical understanding of the organisation’s costs. Stathis Gould from the International Federation of Accountants (IFAC) explains some recently produced guidance on this topic.

The intelligent way to cut costs

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Amid a global economic crisis, driving down costs - without damaging the business - is a vital objective. In this edited extract from his recent book, Andrew Wileman explains how to achieve intelligent economies through 'cost leadership'.

Activity based cost management

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This guideline demonstrates the practical applications of Activity based costing (ABC) to business i.e how to convert analysis using ABC principles into action.

Implementing target costing

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This guideline introduces the concept of target costing and describes the steps that a firm would take to implement target costing.