Introduction to Business Domain Management

The last three chapters have focused on the inability of accounting in general, and cost accounting specifically, to provide data and information that gives managers the best chance to reach the goal of making money. One way I describe the challenges faced by accounting is by imaging living in a two-dimensional world. Let’s say this two-dimensional (2-D) world is a table top. As you stand on the tabletop, everything is either front-back (1-D) or left to right (1-D) for a total of two dimensions or 2-D. There is no up-down because that would require a third dimension, which doesn’t exist to you.

Along comes a circle that shows up in your world (Exhibit 4.1). The circle was created by a sphere ...

Get Strategic Cost Transformation now with the O’Reilly learning platform.

O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.