Throughput accounting is a management accounting approach that focuses on the throughput of cash from sales and the truly variable costs of producing an additional… Read More »throughput accounting: Does the balanced scorecard add value?
In accounting, a standard costing system is a tool for planning budgets, managing and controlling costs, and evaluating cost management performance, activity-based costing (ABC) is… Read More »Cost allocation: What is managerial accounting, activity based costing, the balanced scorecard and bottleneck accounting?
Effective managers and team leaders actively monitor employees in a variety of ways to ensure that low performers are quickly disciplined and high performers are… Read More »Gemba Walks: Why do continuous improvement initiatives fail?