Managerial-finance

I've read several books about ABC/M, and I just can say that Gary Cokins is an excellent writter, Gary explains the concepts very clearly and then lays out a detailed and well thought out strategy for implementation. The graphics are excellent, When you already read this book, you can review it as a presentation just looking the figures and graphics inside.

I am implementing ABC/ABM in a medium sized multinational company, and this is required reading for my teams. I've read most of the comprehensive ABC/ABM books, and this is by far the best. Gary explains the concepts very clearly and then lays out a detailed and well thought out strategy for implementation. The book is also loaded with illustrations that are literally a blueprint for making ABC/ABM work. If you're doing ABC/ABM this is a must.

This is a clearly written and an exceptionally well illustrated explanation of Activity-Based Costing. If you are only going to read one book on ABC, this would be a good one to have.

I thought most consultants keep this kind of information to themselves. This book is worth its weight in gold.

The Activity Based Costing Methodology showed in this book, by itself, doesn't provide full answers to the challenges Financial Institutions have been facing.

Of course, some simple and commom questions are addressed, adapted from manufacturing knowledge, but complex ones aren't.

For example, the question "how can I compute IT costs to products, services, customers, distribution chanells?" can be answered in a correct way.

As a "growing high tech consumer", financial services industry needs valuable answers to these questions.

Since 1994, we've performing projects related to implementation of Advanced Cost and Budget Systems using ABC Costing. Recently, we've perfomed projects in 2 global Banks (top 10, assets), where we can focus in answer in a correct way these complex questions.

However, I think the book is usefull for starting discussion about the theme in the financial institutions environment.

Thank you.

Christiano Mendonca, Brasil

Activity-Based Costing and management information in financial institutions is an area I have been interested in for many years. It is difficult in one book to provide answers to every eventuality, but I have enjoyed the opportunity to provide some insights from my (and my colleagues) that may suggest ideas to others facing similar problems. I have included a basic methodology and guidance that we have found useful, but as with all MIS projects these tools do need to be tailored for each individual organisation. I hope you find it useful and I look forward to reading your reviews in the future.

Without question, if you want to know where all the money's going (especially in companies of 100+) employees, ABC is the tool to use. Mr. Brimson's book is one of several books I have read on the topic and it is also, in my opinion, the best. By investing one or two evenings reading this one book, you will have an opportunity to understand not only what it is (and what it is not) in plain English, but you may also be capable and confident enough to participate in the process as well