throughputaccounting

Description

Learn How To Apply The Theory Of Constraints To Management Accounting. The Theory of Constraints, a management philosophy derived from physics, assumes that constraints prevent organizations from achieving better performance.

Reveals a new management tool for managerial accounting and shows an alternative path for other management practices. Enables managers to quickly see if their decisions increase profitability. Demonstrates some of cost accounting’s flaws, and shows how these errors will lead to bad decision making. Compares the paradigm of TOC-based throughput accounting with more conventional cost accounting methodologies and in the process, demonstrates a new way to solve the complex problems of modern management.

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