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Watch Costing Prof. Charles Horngren
August 18, 2008
Business Finance interviewer Steve Player speaks to legendary costing professor Dr. Charles Horngren of Stanford University, whose market-leading textbook, Cost Accounting: A Managerial Emphasis (first issued in 1962 and now in its 13th edition from Prentice Hall), has been used to train more CFOs than any other text. See related article.
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A major theme is to shift
A major theme is to shift the emphasis from financial accounting for external compliance reporting for investors and regulatory agencies to managerial accounting for internal reporting, analysis, and decision making.
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Cash is king. Always will
Cash is king. Always will be. An upmarket is very forgiving to inexperienced management. It is in down markets you discover the value of good management. I agree, people are key. Great article
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