Roger Hussey

Increasing business competition is compelling managers not only to develop realistic and achievable strategies but also to analyze goals in financial terms and to evaluate performance. Managers will need to know the key methods and techniques of strategic cost analysis no matter which sectors they are in - be it manufacturing, service, or the nonprofit sector. The interaction of the organization's activities, the influences of the external world,...

For many years, individual countries decided their own rules and regulations for company financial accounting and reporting. As the world became more global, problems began to arise. A company could make a profit for the year if the rules in its own country were applied, but this could turn into a loss if another country's rules were used. This did not make sense. Investors were hesitant to buy shares in foreign companies, companies were careful when...