The numbers a manager uses to run the business rather than the ones an investor uses to judge it: what a unit actually costs, where profit is really made, and why the standard cost system usually points the wrong way. The investor's counterpart is Accounting and Financial Statement Analysis, under investment themes.
A plant manager learns that a system's output is set by its bottleneck.
Recommended by: Mohnish Pabrai, Nat Eliason and 5 others
How cost accounting served managers until financial reporting took it over.
Measure a firm on finance, customers, internal processes, and learning and growth.
Recommended by: Mohnish Pabrai
Build, measure, learn: test what customers want with small experiments.
Recommended by: Nat Eliason, Sheryl Sandberg, Andrew Chen and 17 others
The standard cost accounting text, built around costs that serve managers' decisions.
Johnson's follow-up, arguing against the ABC fix he helped start.
How to design cost systems, from activity-based costing to performance measures.
Why the annual budget harms firms, and how some run without one.
How non-financial managers can read income statements, balance sheets and cash flow.
Recommended by: Nat Eliason
The simplified successor to ABC, after ABC proved too costly to run.
Which metric actually governs each business-model type.
Recommended by: Marty Cagan, Michael Batko, Sean Ellis
Objectives and key results, the goal system Grove built at Intel and Google adopted.
Recommended by: Bill Gates, Amy Hood, Craig Blair and 4 others
Cost discipline handbook widely used by buyout and turnaround operators
Recommended by: Mohnish Pabrai, Patrick O'Shaughnessy and 1 other
Goldratt's theory of constraints turned into an accounting method.
Why standard costing hinders lean factories, and value-stream costing instead.
Owner-operator economics: labour efficiency and the four keys.
Recommended by: Nat Eliason
Fifteen metrics that show which marketing spending works and which does not.
Recommended by: Mohnish Pabrai, Jeff Bezos
Cash discipline for small businesses; a system, not an accounting theory.
Recommended by: Nat Eliason, John D Saunders, Ran Segall
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