The Institute of Management Accountants and its Managerial Costing Task Force released an exposure draft Monday examining managerial costing practices and how managers should decide which practices ...

Time has proven he was on the right path. His objective was operational efficiency in pursuit of quality and customer satisfaction…and a healthy profit. Cost accounting, as he saw it applied, impeded ...

The Institute of Management Accountants has released a new report explaining how accountants can improve their organization’s costing models, tools and information to support better decision making.

Everyone in manufacturing agrees that knowing the costs associated with operations improves decision-making. However, for nearly a century, costing has been dominated by accounting standards that are ...

And wouldn’t you know it; the need for more operational data is at the heart of it. “A couple of people sent me letters from shippers during that [pre-ELD] time which said, ’We’re so grateful for all ...

IMA® (Institute of Management Accountants) has released a new Statement on Management Accounting (SMA), “Developing an Effective Managerial Costing Model,” that builds on IMA’s Conceptual Framework ...

One of the most difficult aspects of working as a small-business fashion designer lies in managerial cost accounting. Costing too low means you won't make money to create a profit, while costing too ...