Theory of Constraints and Its Implications for Management Accounting

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a change of paradigm for managers and accountants

Good start but disappointing

Good, but not what the title suggests.

Theory of Constraints and Its Implications for Management Accounting
Eric W. Noreen , Debra A. Smith , and James T. (Cor) MacKey
Manufacturer: North River Press
ProductGroup: Book
Binding: Paperback

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Throughput Accounting

Theory of Constraints

The Measurement Nightmare: How the Theory of Constraints Can Resolve Conflicting Strategies, Policies, and Measures (St. Lucie Press/Apics Series on Constraints Management,)

The Goal

Haystack Syndrome

ASIN: 0884271161

Book Description

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 impartial evaluation of the implementation of the Theory of Constraints at over 20 companies. Seven of the case studies are described in detail, including the original thinking process with diagrams as constructed by the companies' managers. Fascinating and enlightening reading!

Customer Reviews:

a change of paradigm for managers and accountants.......2005-07-12

...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 start but disappointing.......2003-01-08

In the first 2 chapters the authors do a good job of explaining why variable costing is better than full absorption costing. Thereafter the book fails to add much more than that. I learned in university that variable costing is better than full absorption costing, so this is nothing new - what would be more useful would be ways to use both systems simultaneously, seeing as full absorption costing will be with us for SEC and IRS reporting purposes.
Great start, but left with a feeling that I hadn't really learned much in the end.

Good, but not what the title suggests........1998-09-30

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.

The Theory of Constraints & Its Implications for Management Accounting

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The Theory of Constraints & Its Implications for Management Accounting
Eric W. Noreen
Manufacturer: Inst of Management Accountants
ProductGroup: Book
Binding: Paperback

General | Reference | Subjects | Books
ASIN: 0614064848

The Theory of Constraints and Its Implications for Management Accounting

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The Theory of Constraints and Its Implications for Management Accounting
Eric W.; Mackey, James T.; Smith, Debra Noreen
Manufacturer: North River Press Publishing Corporation, The
ProductGroup: Book
Binding: Hardcover
ASIN: B000MBRI16

Book Description

In the late 1990s, Korea, Thailand, Indonesia and Malaysia experienced a series of major financial crises evinced by widespread bank insolvencies and currency depreciations, as well as sharp declines in gross domestic production. This sudden disruption of the Asian economic `miracle' astounded many observers around the world, raised questions about the stability of the international financial system and caused widespread fear that this financial crisis would spread to other countries. What has been called the Asian crisis followed a prolonged slump in Japan dating from the early 1980s and came after the Mexican currency crisis in the mid-1990s. Thus, the Asian crisis became a major policy concern at the International Monetary Fund as well as among developed countries whose cooperation in dealing with such financial crises is necessary to maintain the stability and efficiency of global financial markets. This book collects the papers and discussions delivered at an October 1998 Conference co-sponsored by the Federal Reserve Bank of Chicago and the International Monetary Fund to examine the causes, implications and possible solutions to the crises. The conference participants included a broad range of academic, industry, and regulatory experts representing more than thirty countries. Topics discussed included the origin of the individual crises; early warning indicators; the role played by the global financial sector in this crisis; how, given an international safety net, potential risks of moral hazard might contribute to further crises; the lessons for the international financial system to be drawn from the Asian crisis; and what the role of the International Monetary Fund might be in future rescue operations. Because the discussions of these topics include a wide diversity of critical views and opinions, the book offers a particularly rich presentation of current and evolving thinking on the causes and preventions of international banking and monetary crises. The book promises to be one of the timeliest as well as one of the most complete treatments of the Asian financial crisis and its implications for future policymaking.

Book Description

Photosynthesis provides food and, ultimately, energy for all living organisms. Recognized as a key process in balancing carbon dioxide and oxygen levels in the atmosphere, it also plays a major role in global climate change. This new, fully updated edition continues to provide a clear summary of photosynthesis and an introduction to the vast scientific literature on this vital topic. The coverage is comprehensive, from atomic and molecular processes to plant production and yield. "Photosynthesis" has been completely revised to take into account recent advances in important areas of research, including the molecular basis of photosynthesis and the effects of environmental change. The comprehensive coverage makes this book an excellent text for all students and others taking courses on plant biochemistry, plant physiology or photosynthesis. Students on environmental studies courses will welcome the emphasis on environmental concerns.

Customer Reviews:

A concentrated overview of photosynthesis.......2005-01-12

It is perhaps a cliche to say that the process of photosynthesis is the most important one on Earth. Taking advantage of an essentially inexhaustible source of photons, photosynthesis is a highly complex sequence of physical events, with its evolutionary origins only recently explained. This monograph gives a comprehensive overview of photosynthetic system, and is one of the few that includes discussion of its molecular biology. The genetic engineering of the chloroplast is now of great interest, and is being done by many researchers. Readers who want to understand these developments will find a good start in this book. In addition, there has been a growing interest in being able to emulate photosynthesis in non-biological systems. Called `artificial photosynthesis', it would replicate or perhaps improve on the natural photosynthetic system, a prospect that has tremendous technological implications. In addition, the physics behind photosynthesis is discussed at an elementary level in the book, and would be suitable for readers who want to understand the physical processes but without getting into the details. A more detailed discussion would require a discussion of the physics of `excitons', which can involve advanced mathematics, more than this book wants to provide. Unfortunately the book does not discuss how the photosynthetic apparatus evolved, but this is a recent topic that was still pretty much an open question at the time of its publication.

Every topic in the book is fascinating, but for this reviewer the chapter on the molecular biology of the photosynthetic system stood out among the rest. One learns of how the chloroplasts contain DNA that replicates independently of other parts of the genome. This is called `chloroplastic DNA (cpDNA)' and codes for certain proteins, a list of which is given in the chapter. It is interesting to note that chloroplasts supposedly originated as prokaryotic endosymbionts, but as the author explains, many of the original symbiont genes were transferred to the nuclear genome. Their function was then replaced by new mechanisms in the chloroplasts. Chloroplast genes can be activated by light. Called in the book `photogenes', when illuminated they result in increases in transcripts and protein products. A list of light activated genes of the chloroplast and their products are given in this chapter.

In this chapter, the author also points out some open problems that require further research, such as the mechanism behind the proteolysis of the D1 protein in photosystem II. Another open question regards finding the explanation as to why different species of plants have wide variations in their response to light, with genes in some species showing both low and normal response to light, whereas in another showing no low light response. The author's tentative explanation for these differences is that they originate in the context of the ecological behavior of the plants. The sensitivity to light may give an advantage when seedlings are attempting to reach the soil surface or are in deep shade. It would not be advantageous to initiate the photosynthetic reactions fully until sufficient light is available.

That the nuclear and chloroplast genomes are not independent is readily clear from the discussions in this chapter on their interaction. The author gives a detailed diagram illustrating how they interact in terms of their gene products and their incorporation into the chloroplast compartments. The role of phytochrome in the regulation of gene expression is emphasized throughout this discussion. The author also discusses the `chloroplast factor', which is a mechanism for passing information to the nucleus that the chloroplast is ready to receive a protein.

This short review does not even scratch the surface of the many topics that are discussed in this book. Indeed, the apparatus of photosynthesis is extremely complex and one must spend a fair amount of time in attempting to understand it with a reasonable scale of detail. Many references are given for those readers who intend to gain an even more detailed understanding of photosynthesis. The time spend reading and studying this book is well worth it, even if one does not intend to specialize in research in photosynthesis, but rather has an intense curiosity to fathom what is certainly one of the most fascinating of physical systems to evolve on this planet.

Book Description

How were the Appalachian Mountains formed? Are the barrier islands moving? Where is there gold in the Carolinas? Find answers to these questions and many more in this reader-friendly guide to the geology of North Carolina and South Carolina.

Exploring Caves: Journeys into the Earth (Imax)

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Exploring Caves: Journeys into the Earth (Imax)
Nancy Holler Aulenbach
Manufacturer: National Geographic Children's Books
ProductGroup: Book
Binding: Hardcover

General | Sports & Activities | Children's Books | Subjects | Books

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ASIN: 079227721X
Release Date: 2001-03-01

The Dark Zone: Exploring the Secret World of Caves (Learning Triangle Press)

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The Author Should Be Proud

The Dark Zone: Exploring the Secret World of Caves (Learning Triangle Press)
Stephen P. Kramer
Manufacturer: Mcgraw-Hill
ProductGroup: Book
Binding: Paperback

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ASIN: 0070369208

Book Description

A group of four kids interested in science (among many other things) learn through the Internet of a vandalized bat cave in Missouri that needs cleaning up. When they decide to help, along with their trusty dog Newton, the adventure-and a lot of batty learning-begins.

Customer Reviews:

The Author Should Be Proud.......2004-06-06

What an excellent children's book! It is full of information on cave formation, cave safety, and tons of other interesting facts. I can't wait to share it with my students. They will love the comic format, as well as the exciting adventures of the black hole gang.

Average customer rating:

Not an exciting book...

Exploring Rocks Minerals Fossils
Richard M. Pearl
Manufacturer: Swallow Press
ProductGroup: Book
Binding: Hardcover

General | Earth Sciences | Science | Subjects | Books

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Customer Reviews:

Not an exciting book..........2004-06-11

This book is not for you if you are new to collecting rocks and fossils. Just does not get a person excited about collecting. Tho it does have a lot of information, it is much too technical for me. There is a lot of history and background given when I would have prefered exact locations and colored pictures. More of a scientific educational book instead of a 'this is what it looks like, go look here and find it' book.

Rock Formations and Unusual Geological Structures: Exploring the Earth's Surface (The Changing Earth)

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Rock Formations and Unusual Geological Structures: Exploring the Earth's Surface (The Changing Earth)
Jon Erickson
Manufacturer: Facts on File
ProductGroup: Book
Binding: Hardcover

General | Earth Sciences | Science | Subjects | Books

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Rocks & Minerals | Field Guides | Outdoors & Nature | Subjects | Books
ASIN: 0816025894

Classifying rocks, minerals and fossils: Unit 2 : intermediate geology : ages 12-14 (Exploring the world through geology)

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Classifying rocks, minerals and fossils: Unit 2 : intermediate geology : ages 12-14 (Exploring the world through geology)
Harold E Jones
Manufacturer: Cooperative Extension Service, Kansas State University
ProductGroup: Book
Binding: Unknown Binding
ASIN: B0006YFE7E

Collecting rocks, minerals and fossils: Unit 1 : beginning geology : ages 9-11 (Exploring the world through geology)

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Collecting rocks, minerals and fossils: Unit 1 : beginning geology : ages 9-11 (Exploring the world through geology)
Harold E Jones
Manufacturer: Cooperative Extension Service, Kansas State University
ProductGroup: Book
Binding: Unknown Binding
ASIN: B0006YFE7O

Book Description

Phase transitions in disordered systems and related dynamical phenomena are a topic of intrinsically high interest in theoretical and experimental physics. This book presents a unified view, adopting concepts from each of the disjoint fields of disordered systems and nonlinear dynamics. Special attention is paid to the glass transition, from both experimental and theoretical viewpoints, to modern concepts of pattern formation, and to the application of the concepts of dynamical systems for understanding equilibrium and nonequilibrium properties of fluids and solids. The content is accessible to graduate students, but will also be of benefit to specialists, since the presentation extends as far as the topics of ongoing research work.

Dynamics of Nonlinear and Disordered Systems (World Scientific Series on Nonlinear Science, Series B, Vol 6)

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Dynamics of Nonlinear and Disordered Systems (World Scientific Series on Nonlinear Science, Series B, Vol 6)

Manufacturer: World Scientific Publishing Company
ProductGroup: Book
Binding: Hardcover

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Dynamics of Nonlinear and Disordered Systems

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Dynamics of Nonlinear and Disordered Systems
G. (Edt)/ Seligman, T.H Martinez-Mekler
Manufacturer: World Scientific Pub Co Inc 01/1//1995
ProductGroup: Book
Binding: Paperback
ASIN: B000N5T0LC

Amazon.com

At the risk of spoiling the ending, we'll just say that this is a clam whose life had great meaning. Erik Quisling, whoever you are, thank you for unearthing this saga of a bivalve who fought back. We'll never forget The Angry Clam. --Therese Littleton

Book Description

The Angry Clam is a heartfelt tribute to a clam whose life was as complex as any human's. Indeed, any of us would count ourselves lucky to live through the cerebral adventures of this brave, tortured mollusk. A single, crude illustration of the protagonist adorns each page of this small book, while the accompanying text takes readers on a bivalve's coming-of-age journey. You'll cherish such memorable moments as: "In a passionate fit of self-doubt, the angry clam embraces Islam," and, "So filled with anxiety, the angry clam finds himself frozen in a shell of self-pity."At the risk of spoiling the ending, we'll just say that this is a clam whose life had great meaning. Erik Quisling, whoever you are, thank you for unearthing this saga of a bivalve who fought back. We'll never forget The Angry Clam. --Therese Littleton

Customer Reviews:

Amazing!.......2007-09-20

This book transformed my life. Well, I got a good laugh out of it anyway. It's traveled from place to place with me, and I've shared it with almost any friend I've made. If you can't appreciate The Angry Clam, you have no place in my life!

great and quick fun.......2002-06-06

Takes five minutes to read but is great to share with all your friends...

you'll laugh, you'll cry, you'll kiss $ goodbye.......2000-10-26

This is a brilliant little gem of a book. Sublimely simple, hilariously clever, every one of the sparse words is perfectly placed. The crude drawings are funny & apt. Together, this teeny story of bivalve enlightenment will make you laugh out loud.

Well-enjoyed.......2000-07-24

I loved this book! The humor is very intelligent yet nonsensical. My friends have enjoyed reading this when they come over. The only problem I had with it was that I felt it was overpriced. But I enjoyed it nonetheless.

A quirky memoir.......2000-07-07

When I read this book, I laughed; I smirked; and I had to share the experience with others. I shared the book with selected friends, relatives and co-workers who enjoyed this quirky discovery. This delightful book about an angst-ridden clam is not for everyone. The reader must be intelligent and possess a quirky sense of humor. Pseudo-intellectuals will scoff at it. Humor-challenged individuals will find it meaningless. The angry clam is a little book with a big vocabulary that presents a simple story. The book is not about the plotline, however. It simply laughs at pop psychiatry, thumbs its nose at philosophical pretensions, mocks pseudo-intellectual vanity, and generally has fun with the English language.

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