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The transformation of the finance function: cost management for accountants!

journal contribution
posted on 2015-02-25, 14:51 authored by Ian HerbertIan Herbert
Traditionally, management accountants have been the people encouraging operations staff to work more efficiently and to save money. Nowadays, the pressure of staying competitive in a globalised world is putting the finance function itself under the spotlight. Accountants need to demonstrate that they can also reduce their own operating costs and properly support their customers, the frontline business units. In the first of two articles, Ian Herbert of Loughborough University looks at cost management within the context of the finance function. The second article will explore the philosophy and techniques of ‘Lean’ working in business support functions.

History

School

  • Business and Economics

Department

  • Business

Published in

Financial Management -London-

Volume

2014

Issue

August

Pages

46 - 49 (4)

Citation

HERBERT, I., 2014. The transformation of the finance function: cost management for accountants! Financial Management magazine, August, pp. 46 - 49.

Publisher

Chartered Institute of Management Accountants

Version

  • AM (Accepted Manuscript)

Publisher statement

This work is made available according to the conditions of the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International (CC BY-NC-ND 4.0) licence. Full details of this licence are available at: https://creativecommons.org/licenses/by-nc-nd/4.0/

Publication date

2014

Notes

Closed access. This article was published in Financial Management magazine and the website is at: http://www.cimaglobal.com/

ISSN

1471-9185

Language

  • en