The Theory of Constraints and Its Implications for Management Accounting
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Book Overview
This book demonstrates how throughput accounting rather than traditional cost accounting is the measurement tool required for business decisions. This information is presented as an in-depth and... This description may be from another edition of this product.
Format:Paperback
Language:English
ISBN:0884271161
ISBN13:9780884271161
Release Date:January 1995
Publisher:North River Press
Length:191 Pages
Weight:0.82 lbs.
Customer Reviews
3 ratings
Updating the theory of constraints
Published by Thriftbooks.com User , 15 years ago
I certainly like Goldratt's writings, however this book adds a new and supportive dimension to the Theory of Constraints. Where many other TOC books insist on using the novel structure to enhance readibility this book gives much needed information and depth without long winded characterisations and subplots. Read in conjunction with Eli's books it makes the whole theory more punchy and useful. Therefore the book is timely and certainly recommended. Eric Noreen and his fellow authors have done a good job.
a change of paradigm for managers and accountants
Published by Thriftbooks.com User , 19 years ago
...this is an excellent book that summarizes Goldratt's theory explained in the Goal and the Haystack Syndrome (preferably, read these two first). The point of this book is not to change the "accounting" for IRS purpose or whatever, the purpose is to give "real world" experience applying TOC in management decision making. This theory is the theory of common sense, nothing more, but yet, we easily forget about it. One of the biggest insights of the theory is that Cost Accounting recognizes no constraint in a system (i.e. company) at all, making it obsolescent for decision making. So, if you are ready to forget about everything you know about cost allocation and believe that you can arrive to better decision making without the need of a "product cost" go ahead with this book and be surprised!...again this is a change of paradigm and, because of that, for some people will be difficult to digest, specially accountants and ABC advocates.
Good, but not what the title suggests.
Published by Thriftbooks.com User , 26 years ago
This book was the best summary of the Thinking Process I have yet read, but it's title suggests an accounting focus. The accounting focus lasted just for the first section. The real value of this book was the case studies where they discussed some of the benefits and pitfalls experienced by some companies that implemented TOC ideals.
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