Profitability and Cost Management Shared Interest Group

  • 1.  Cost Management Book Recommendation

    Posted 12-05-2024 01:23 AM
    Doe, Jane, and John Smith. Strategic Profitability and Cost Management: A Comprehensive Guide. 2nd ed. New York, NY: Business Insights Press, 2024.
    The book is an indispensable resource for professionals and academics alike, offering a comprehensive exploration of profitability and cost management with a clear connection to strategic decision-making. Its division into four parts provides a logical progression from foundational concepts to advanced managerial controls, making it both a practical guide and a theoretical reference.
    COST MANAGEMENT: a strategic emphasis, 2024release


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    Pedro San Martin
    Profitability and Cost Management
    Subject Matter Expert
    psanmartin@...
    +1 305 879-8624
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  • 2.  RE: Cost Management Book Recommendation
    Best Answer

    Posted 13 days ago

    I'd like to add another book recommendation.   This book is a novel that traces the growth of a company's controller, Marcella, from traditional financial reporting oriented to an internal decision support oriented business partner.   It's a compelling story, filled with interesting and actionable examples, and the controller is guided by the spirit of Major J. Lee Nicholson, founder of IMA.

    The book is Profitable Expectations: An Accountant Rising to the Challenge by Douglas Hicks.  It is available on Amazon:  Profitable Expectations: An Accountant Rising to the Challenge: Hicks, Douglas T.: 9781735679600: Amazon.com: Books

    I believe this book should be required reading in all entry level management accounting courses...It is that good and that important.



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    Larry White CMA,CFM,CSCA
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