(c) American Institute of Certified Public Accountants. Contact AICPA for permission to reproduce this article., Health

Bringing value to healthcare using cost accounting

The UK’s National Health Service uses data to seek better patient outcomes while maximising efficiency. By Rebecca McCaffry One hundred years after the founding of CIMA as the Institute of Cost and Works Accountants, the principles and practices used by cost accounting professionals at the UK’s National Health Service are very similar to those used… Read More Bringing value to healthcare using cost accounting

(c) American Institute of Certified Public Accountants. Contact AICPA for permission to reproduce this article., Business Management

Architecture that builds value

Done well, it can pay off with more than just customers. By Amanda Abrams When the giant German conglomerate thyssenkrupp needed a new tower to test its lifts technology, the company originally planned to go the simple route, with an industrial, utilitarian design. It made financial sense: After all, the buildings used to test lifts’… Read More Architecture that builds value

(c) American Institute of Certified Public Accountants. Contact AICPA for permission to reproduce this article., Mergers & Acquisitions

Key considerations for cross-border M&A planning

By Scott Whitaker and Andrew Scola Financial, legal, social, and political factors play particularly important roles in cross-border transactions. Every merger and acquisition is different, and the integration of each deal faces different challenges. Financial, legal, social, and political factors need to be considered in all deals but may be more important in a cross-border… Read More Key considerations for cross-border M&A planning

(c) American Institute of Certified Public Accountants. Contact AICPA for permission to reproduce this article., Information Technology

Solve problems with linear programming and Excel

By Clarence Goh, Ph.D. Management accountants tasked with figuring out the way to make the most of limited resources can employ a form of mathematical optimisation to determine the best approach. A management accountant’s knowledge of relevant revenues and costs is important for many decisions, among them capital budgeting, outsourcing, special orders, product mix, and the… Read More Solve problems with linear programming and Excel

(c) American Institute of Certified Public Accountants. Contact AICPA for permission to reproduce this article., Performance Management

How to plan for sustainable growth

By Neil James Rapid change is creating an ever-increasing array of challenges to building sustainable and profitable businesses. These challenges (summarised in the graphic “Emerging Challenges in the Business Environment and Their Impact on Planning”) impact all operations but place particular pressure on business planning. The environment of volatility, uncertainty, complexity, and ambiguity, also called… Read More How to plan for sustainable growth

(c) American Institute of Certified Public Accountants. Contact AICPA for permission to reproduce this article., Business Management, Performance Management

Modernising cost management systems in emerging economies

By Anil Kshatriya, ACMA, CGMA To reach their full potential, small and midsize companies in emerging countries must pay special attention to modernising their cost management. Companies in emerging economies that are labour-intensive and technologically under-invested must give special attention to cost management. A strong culture of cost-consciousness translates into bottom-line growth, but limited resources… Read More Modernising cost management systems in emerging economies