Throughput Accounting

Author: Thomas Corbett
List Price: $25.00
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ISBN: 0884271587
Publisher: North River Press Publishing Corporation (01 December, 1998)
Sales Rank: 35,174
Average Customer Rating: 4.25 out of 5

Customer Reviews

Rating: 4 out of 5
Good if you're familiar with TOC
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.

Rating: 4 out of 5
Stop waisting time and start making money!
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?

Rating: 5 out of 5
Helpful book
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.

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