Charles T. Horngren (1926-2011) / accounting professor

You might think that management accounting is one of the drier and possibly boring courses in a business school curriculum, but it is a vibrant field with current debates about which methodologies to measure profitability and costs and also how to apply them in decision making. One of the key […]

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Eli Goldratt (1947 – 2011) / Theory of Constraints Guru

As some of my regular blog readers of the last four years know, I occasionally devote a blog as an obituary to someone who influenced my life. This blog will be one of those. I suspect that very few of you are familiar with Eli Goldratt. He passed away last […]

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A Poem to Inspire Lower Management Level Managers

With this blog I am taking a “walk down memory lane.” I provide a poem written by Clive Dupont who is now a retired banker and wrote this poem in the 1990s when he was struggling as a project manager implementing an activity-based cost management system (ABC/M) system. He was […]

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Beware Misguided Accountants

Over the past few years I have discussed a paradox with Doug Hicks, President of D.T. Hicks & Co. ( www.dthicksco.com ), a performance improvement consulting firm in Farmington Hills, MI. The paradox, which continues to puzzle me, is how chief financial officers (CFOs) and controllers can be aware that […]

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From Bean Counter to Bean Analyzer

I recently attended a conference in New York City hosted by CFO Conferences titled Leveraging Analytics to Turn Data into Insight. I believe it was an eye opener for many of the accountants attending. Why? Accountants take pride in their number crunching skills and their ability to analyze financial income […]

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