Overview
Illustrates how a system's thinking mindset may provide for the better integration of cost management activities
Presents a key aim of an effective cost management system
Provides academic researchers and industry managers in the fields of management accounting and financial management
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Table of contents (8 chapters)
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Front Matter
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Back Matter
Keywords
- Budgetary Control Framework
- Cost Management Approach
- Operational Cost Management System
- Cost Management Effectiveness
- Cost Management Framework
- Optimum Business Decision-Making
- Financial Information Generation
- Value Chain Context
- Systems Thinking
- Sustainable Business Management
- Systems Thinking Concepts
- Corporate resilience
- Organisational systems
- Process improvement
- Performance management
- Operational efficiency
- Management accounting
- Engineering management
- Cybernetic principles in management
- Corporate sustainability
About this book
This book illustrates the importance effective cost management systems in
providing a supportive environment in which reliable and relevant management
information can be generated. Such a cost management system is only attainable
if the importance of key business, operational and stakeholder requirements are
recognised within the organisational context. In illustrating this importance, this
book provides several case studies as examples thereof. The first two case studies
focus on the engineering sector and illustrates the development of a cost
management system in a water recycling context; and the design of a budgetary
system in a mining engineering context. The remaining case studies focus on the
services sector, including cost management systems for a digital technology
services provider and a medical insurance services provider; an alternative
activity-based costing approach for a public sector services provider; and finallya re-designed value stream for an automotive services provider. Academic
researchers and industry managers in the fields of management accounting and
financial management, as well as engineering and operations management, will
find value in the experiences described herein.
Editors and Affiliations
About the editor
Pieter Buys is Research Director: Management Cybernetics Research Entity and
Professor of Accounting Sciences at the North-West University, South Africa. He
holds a Ph.D. in management accounting and is Certified Management Accountant
(CMA). His research focuses on management accounting and business process
re-engineering. Previously, he occupied management positions in Canada and
South Africa.
Bibliographic Information
Book Title: Designing Cost Management Systems to Support Business Decision-Making
Book Subtitle: Industry Inspired Case Studies
Editors: Pieter Buys
DOI: https://doi.org/10.1007/978-981-16-1751-5
Publisher: Palgrave Macmillan Singapore
eBook Packages: Business and Management, Business and Management (R0)
Copyright Information: The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Singapore Pte Ltd. 2021
Hardcover ISBN: 978-981-16-1750-8Published: 20 July 2021
eBook ISBN: 978-981-16-1751-5Published: 19 July 2021
Edition Number: 1
Number of Pages: XII, 150
Number of Illustrations: 2 b/w illustrations, 23 illustrations in colour
Topics: Operations Research/Decision Theory, Accounting/Auditing, IT in Business