Recently, PACE did a survey on an important issue involving strategy: What does your company use to validate its strategy before implementation? No ...

During my four decades as a consultant, it has never ceased to amaze me how little attention manufacturing firms pay to the amount of time they use th...

Some analysts dig deep into historical information to glean insights once hidden. Other analysts are obsessed with predictive analytics and Big Data t...

Most cost information accountants generate and present is based on financial reporting standards and generally accepted accounting practices (GAAP). ...

By now you know my thoughts about using financial accounting’s depreciation expense when developing cost information designed to support internal deci...

The importance of Environmental, Social, and Governance (ESG) Analytics for companies is growing rapidly. Apart from a public interest focus around t...

Hi all We are attempting to reform Costing in healthcare in the U.K. as it has not delivered benefit for a number of reasons. Whilst profit is not th...

While driving home the other night I was listening to Nikolai Rimsy-Korsakov’s symphonic suite “Scheherazade” on my car radio. As I drove on, I recal...

Managers decide on the people to be employed, the procedures, the capacities, the market presence and the results to be achieved. In their respective ...

It is a paradox: A finance organization that focuses exclusively on ethical external financial reporting can find itself contributing in significant ...

“Sunk costs are irrelevant” is a principle stated in almost every book on decision science ever written. Despite this well-accepted principle of deci...

If you had to pick, which would you choose - wisdom or answers? Let’s start with some initial observations and consider some differences between the t...

The Profitability Analytics Framework focuses on improving internal decision support by building monetary models based on operational models of the or...

Visible light is electromagnetic radiation that we, as humans, can detect with our naked eyes. When we observe the heavens on a clear night – either ...

In the teaching profession, there is an ongoing debate over the value of standardized testing – testing designed to measure the performance of both th...

Resource Consumption Accounting, Lean Accounting, Activity-Based Costing, Life-Cycle Costing, Throughput Accounting, Grenzplankostenrechnung, Time-Dri...

Think enterprise AI is too expensive? Think Again. In fact, overlooking the accessibility and value-generating abilities of AI and machine learning wi...

The results of PACE’s recent poll asking how organization’s handle the costs of purchasing, receiving, testing, storing, and handling direct materials...

Understanding your customer’s needs for your products or services, and (when relevant) the value they create for the customer or customer’s customer i...

About two centuries ago there was a navigator who served on a ship that regularly sailed through dangerous waters. It was this navigator’s job to mak...