In recent years, global market expansion and price volatility have made the job of cost accounting more important and more difficult. Accenture discusses the merits and drawbacks of several cost accounting alternatives and suggests ways to create an enterprise-wide function that is predictable, repeatable and scalable.
Content: Article | Authors: Doug Derrick, George Marcotte, Les Stone | Source: Accenture | Subject: Finance
This note addresses how performance management—the integration and application of the right information within decision-making processes and enabled by technology—may improve governance and reduce information asymmetry. Typical hazards of information asymmetry include missing financial projections by a wide margin, letting knowable risks knock a company off kilter or being unaware when management action might damage corporate reputation.
Integrating performance management into the board agenda should minimize … [ Read more ]
Content: Article | Authors: Anthony J. Relvas, George Marcotte, Joshua J. Bellin, Robert J. Thomas | Source: Accenture | Subject: Corporate Governance