Cost & Effect: Using Integrated Cost Systems to Drive Profitability and Performance--A Harvard Business School Press Book Summary in Partnership with getAbstract

Robert Kaplan and Robin Cooper's work on activity-based costing has achieved the status of a classic in managerial accounting literature. This book explains why activity-based costing has advantages not only for accounting but also for management and strategy. It demonstrates how determining the resource costs for activities can reveal relevant information about the profitability of products and services, can support decision making and, by rendering cost structures more transparent, can encourage employees to contribute to cost saving and improvement processes.