Throughput Accounting

Book Description

Learn How To Apply The Theory Of Constraints To Management Accounting.

The Theory of Constraints, a management philosophy derived from physics, assumes that constraints prevent organizations from achieving better performance. The Theory of Constraints (TOC) is based on a scientific method that has been developed and refined for nearly three decades by Dr. Eliyahu M. Goldratt. As a tool for business management, TOC is now accepted as a mainstream alternative to cost accounting.

Throughput Accounting

Reveals a new management tool for managerial accounting and shows an alternative path for other management practices.

Enables managers to quickly see if their decisions increase profitability.

Demonstrates some of cost accounting's flaws, and shows how these errors will lead to bad decision making.

Compares the paradigm of TOC-based throughput accounting with more conventional cost accounting methodologies and in the process, demonstrates a new way to solve the complex problems of modern management.

Customer Reviews:

Good if you're familiar with TOC.......2004-02-24

This is a good explaination of why the various allocation based account methods lead to poor management decisions and a good introduction to a better way of accounting. It does not include how to reconcile throughput accounting with required GAAP reporting. The only book I know that does is The Measurement Nightmare, which is a rather difficult read. It would be very helpful to have a book with example problems to work, an explaination of the GAAP reconciliation process, and more detail into what costs are totally variable and non-totally variable.

Stop waisting time and start making money!.......2003-07-31

This is a funny little book. It's not too well written and the content is not that new, once you have read Eli Goldratt's basics on the topic.
However, Thomas Corbett simply put the stuff together and proves, beyond any doubt, the fallacy of classical cost accounting as well as the "new & improved" fallacy of ABC.
Examples are quite simple to follow and the outcome is very exiting!
Makes you seriously wonder if there is add-on software out there that extracts the relevant data from present accounting systems, and helps top and middle management make the right decdions for a change on a daily basis. Key question is; how can this software help non-TOC companies help establish their bottle neck?

Helpful book.......2003-02-19

People who did not understand the message, find the Throughput Accounting a useless framework. But if you are a smart and open mind person, this book is for you.

The theory is very well explained illustrating an alternative path to the old and nosense cost accounting.

I advice you to buy it.

Useless book.......2003-01-19

I really think I have lost money buying this useless book I advice you not to buy it.
The nosense theory explained is even explained bad.

Finally a TOC book that addresses accounting specifics!.......2002-05-22

We've all read Goldratt's work on the Theory of Constraints (TOC) and the improvements that can be made in manufacturing processes. However, what is often overlooked in those books is the reality of getting these changes to work with our traditional cost accounting systems. TOC sounds great in theory, but how do we, as accountants, measure and report financial results in a way which supports TOC, yet still fulfills our responsibilities for external reporting? Don't we still have to apply overhead to products and calculate product costs?

In this book, Corbett does a great job illustrating how our old cost accounting techniques are inadequate, and, more importantly, can lead us to make decisions which actually harm the bottom line. But he doesn't stop at simply pointing out the shortcomings of cost accounting, as most texts do. He takes the additional step of providing real financial statements and measures that support the concepts in TOC, and allow accountants to give production management the data they need. You can begin using these statements right away in your own company. In addition, he shows us how to use TOC to make various financial decisions. He even spends a chapter showing some of the criticisms of Throughput Accounting and provide warnings about its proper use.

After reading this book you will realize that calculating a product cost is like buying a house and then trying to figure out how much of the purchase price to assign to the bathroom faucet. "Product Cost" is a fallacy, and impossible to determine. All that really matters is Throughput, the difference between selling price and totally variable costs.

If you are a controller or cost accountant stuck between production managers who are eager to implement TOC improvements, and financial managers who still insist on overhead application and product costs, this is the book for you.

Average customer rating:

Excellent Book!

Throughput Accounting: A Guide to Constraint Management
Steven M. Bragg
Manufacturer: Wiley
ProductGroup: Book
Binding: Hardcover

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Book Description

Praise for Throughput Accounting: A Guide to Constraint Management

"Throughput Accounting provides managers with a fresh set of eyes to identify and control bottlenecks. The drum, buffer, and rope will become part of the cost accounting lexicon in the future."
—Geoffrey Garland, Controller, StacoSwitch, Inc.

"This is good stuff! Steven Bragg has introduced us to an accounting structure that will enhance our bottom line utilizing throughput accounting methodology. Finally! We have a presentable means to transform a company's financial functions to support the cultural change to throughput accounting."
—Rick J. Stevens, President, LeanThinkingbyAccountants, LLC

"A thought-provoking, insightful, and useful book that explains how older conventions of accounting can lead to poor management decisions. Instead of focusing on typical cost-cutting methods only, Mr. Bragg provides CFOs with a systemic approach on how to instead focus on maximizing profits and become better business partners."
—Arif Iqball, Executive Director and CFO, Avon Products Co. Ltd. Japan

"Throughput Accounting by Steve Bragg presents a new way to evaluate and apply the concepts of cost accounting with greater impact on operational efficiencies. An interesting, understandable, and useful guide for anyone who needs a valuable source of information and ideas relating to financial and accounting affairs."
—Carlos Millan, Director of Finance and Operations, NOLA, Grupo Quanam

Throughput Accounting addresses every possible area of constraint management that would be of interest to an accountant. This groundbreaking book includes chapters covering financial analysis scenarios with case studies that show specifically how throughput accounting can be used to find the best solutions in a large number of real-world situations.

If you are an accounting manager, financial analyst, production planner, or production manager, Throughput Accounting contains the tools you need to improve your company's performance.

Customer Reviews:

Excellent Book!.......2007-06-27

Coming from someone how has been implementing Throughput Accounting and TOC / Constraint Management for over 10 years, I can say with experience that this is hands down the best treatment of the topic I've ever read. It's written by and from the perspective of a CFO / Accountant. It addresses the use of Throughput Accounting in all aspects of decisions that people in finance have to make, including capital budgeting.

The Theory of Constraints and Throughput Accounting

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Absolute VFM (Value For Money)
Excellent and easy to understand
Excellent

The Theory of Constraints and Throughput Accounting
Janice Bell , Monte Swain , Jan Bell , and Shahid Ansari
Manufacturer: McGraw-Hill/Irwin
ProductGroup: Book
Binding: Paperback

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ASIN: 0070275890

Book Description

Winner of the first ever Institute of Management Accountants Jim Bulloch Award for Innovations in Management Accounting Education, this modular series has generated interest from faculty in undergraduate and graduate accounting programs. This is an entirely modular based product offering short, individual chapters on traditional and innovative topics for managerial and cost accounting. These modules are complete with end of chapter material. Each module remains consistent according to a dual triangle strategic framework which is presented in the first module, Strategy and Management Accounting.

Customer Reviews:

Absolute VFM (Value For Money).......2005-11-10

This excellent publication has examples of how it works. I little bit basic but explains TA as used in TOC in a very understandable way. The book should be on every bookshelf if you want to know how to really make it work. Good work authors!
E

Excellent and easy to understand.......2001-08-09

This valuable book discusses the "other side" of the Goldratt constraints management approach: proper metrics. For the price, it is the best business accounting book you will ever buy. Period.

Excellent.......2001-03-14

Throughput Accounting is the best thing since sliced bread. The Goal is the most exciting book I've ever read.

Overview of the Theory of Constraints for Industry (Student Workbook)

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Overview of the Theory of Constraints for Industry (Student Workbook)

Manufacturer: Avraham Y. Goldratt Institute
ProductGroup: Book
Binding: Paperback
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The Race

ASIN: 1555150330

Product Description

A student guide for Overview of the Theory of Constraints for Industry. Workbook explains what TOC is starting with the analogy of a process as "a black box", where things go in (i.e. material and money) and things come out (aka finished goods out). It then expands upon this system in how it can me measured using Throughput Accounting principles of Throughput, Inventory, and Operating Expenses (T,I, OE). It then explores the application of TOC in developing the TOC soluction for production using the "5 Focusing Steps". In summary,is a set of logical tools known as the Thinking Processes and their applications. In industry the applications cover finance, production, engineering, distribution, marketing, sales, setting the strategic direction of the company, and, no less important, management skills.

Studies in Managerial and Financial Accounting: Throughput Modeling: Financial Information Used by Decision Makers Vol 6 (Studies in Managerial and Financial Accounting, Vol 6)

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Studies in Managerial and Financial Accounting: Throughput Modeling: Financial Information Used by Decision Makers Vol 6 (Studies in Managerial and Financial Accounting, Vol 6)
Waymond Rodgers
Manufacturer: Elsevier Limited
ProductGroup: Book
Binding: Hardcover

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ASIN: 0762303409

Three-questions accounting: this proposed new name for Throughput Accounting shows that we have to answer three important questions to see if a decision ... : An article from: Strategic Finance

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Three-questions accounting: this proposed new name for Throughput Accounting shows that we have to answer three important questions to see if a decision ... : An article from: Strategic Finance
Thomas Corbett
Manufacturer: Thomson Gale
ProductGroup: Book
Binding: Digital

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Book Description

This digital document is an article from Strategic Finance, published by Thomson Gale on April 1, 2006. The length of the article is 3988 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

Citation Details
Title: Three-questions accounting: this proposed new name for Throughput Accounting shows that we have to answer three important questions to see if a decision is good for a company.(Management Accounting)
Author: Thomas Corbett
Publication: Strategic Finance (Magazine/Journal)
Date: April 1, 2006
Publisher: Thomson Gale
Page: 48(8)

Distributed by Thomson Gale

Accounting for Throughput (CIMA Research)

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Accounting for Throughput (CIMA Research)
David Dugdale , and T. C. Jones
Manufacturer: CIMA Publishing
ProductGroup: Book
Binding: Paperback

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Materials accounting as a potential supplement to the Toxics Release Inventory for pollution prevention measurement purposes: A case study analysis of New Jersey throughput and TRI data

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Materials accounting as a potential supplement to the Toxics Release Inventory for pollution prevention measurement purposes: A case study analysis of New Jersey throughput and TRI data
Shelley Hearne
Manufacturer: New Jersey Dept. of Environmental Protection and Energy, Office of Pollution Prevention
ProductGroup: Book
Binding: Unknown Binding

Book Description

A complete library of continuously updated financial information from countries around the world delivered each month.

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Monthly Issues
This monthly publication is a standard source of international statistics on all aspects of international and domestic finance. It reports, for most countries of the world, current data needed in the analysis of problems of international payments and of inflation and deflation, i.e., data on exchange rates, international liquidity, money and banking, interest rates, prices, production, international transactions, government accounts, and national accounts. Information is presented in country tables and in tables of area and world aggregates. Approximately 900 pages each issue.

Yearbook Issue
The yearbook, usually published in September, contains available annual data for over 30 years for countries appearing in the monthly issues of IFS. There are some additional time series in country tables and some additional tables of area and world aggregates.

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Volumes 19 and 20 represent two of the five planned volumes in this series, which covers New York State's public and private debates about the Constitution and the calling of the state ratifying convention. The volumes feature countless newspaper items and letters along with New York Ratification chronologies, lists of office holders, and extensive editors' notes.
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Customer Reviews:

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