Why PACE members should read it For years, this community has argued a single, essential idea: that traditional cost information often obscures the very decisions it's meant to inform. The GAP is that idea, dramatized. It's a novel written for the management accounting age. The Goal was for a generation focused on the physical constraint, but not on the gap between the model and reality. What it's about Roger Alexander takes over a packaging company that is stable, profitable

By Gary Cokins; Analytics-Based Performance Management LLC, President … and Profitability Analytics Center of Excellence (PACE), Director What is cost accounting? Is it simply a form of accounting for how expenses (e.g., salaries, wages, purchases) are calculated as costs (e.g., products, service-lines, customers)? Is it a method to provide and display visibility and the behavior of costs? A way to think about cost accounting can be with an analogy from physics and