How Cost Accounting Hides the Truth from Management, Part 1

All organizations use cost accounting to report on their revenue, including profit and loss. We are so accustomed to using cost accounting that we don t realize how it hides the truth about our progress. Worse, cost accounting creates and reinforces a culture of resource efficiency thinking. (In resource efficiency, the person is the unit of [ ] The post How Cost Accounting Hides the Truth from…