個案資料

Strategic Cost Analysis is a six-chapter book published by the Business Expert Press and written by Roger Hussey, Dean of Guangzhou International Business School and Professor Emeritus at the University of the West of England, and Audra Ong, Associate Professor at the Odette School of Business at University of Windsor. This book provides tools for managers to understand and interpret financial information as part of their organization's strategic planning and decision-making. The authors say that, regardless of industry or field, all managers must be able to use financial information effectively in their jobs. Through the context of four key questions, the authors explain how to calculate, control, and monitor costs, as well as to integrate cost analysis into organizational decision-making. The book includes examples and practical tips for managers at all levels. Chapter 3, Establishing Plans (27 pages), addresses the second question in the author's framework, "What should it cost?" The authors outline two ways an organization may approach planning: standard cost and budgetary control. Standard cost is most useful in the short-term and enables a manager to compare actual costs with an established goal for those costs. The authors explore issues in standard costing and calculating variances between the plan and performance. The budgetary control method is valuable in long-term planning and closely linked to organizational strategy. The authors describe the benefits of budgets and outline different managerial approaches. They also evaluate incremental, zero-based, rolling, and activity-based budgets. The chapter includes criteria for successful budgeting, a discussion of budget implementation, and examples of how to create and integrate budgets in an organizational setting.

• Balanced scorecard
• Cost analysis
• Variance analysis
• Cost control
• Activity-based costing
• Finance and investing