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Lies, Damned Lies, and Cost Accounting by Reginald Tomas Lee

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CHAPTER 18

Explicit Cost Dynamics Revisited

About 15 or so years ago, I published my first book project. The title of the book is Explicit Cost Dynamics: An alternative to activity-based costing. This approach is the basis for the capacity and cash flow modeling suggested throughout this book. At first, the idea seemed to be catching on. I had a number of really cool clients and met some remarkable business people. After a while, the idea somewhat fizzled. In my opinion, there are a number of reasons why that happened.

   1.  The book and the idea were complicated.

   2.  I was not interested in pushing the concept.

   3.  My lack of maturity in developing the ideas.

Complicated

Explicit Cost Dynamics, or ECD, evolved from my PhD studies. I studied ...

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