Relevance Lost

Since its initial publication in 1987, Relevance Lost has gone through nine printings, won two major awards from the accounting profession, & had a profound impact on how management accounting systems operate in the 1990s. It has become a manifesto for managers in accounting & control. By exploring the evolution of management accounting in American business from the early textile mills to present-day computer-automated manufacturers, Johnson & Kaplan reveal why modern corporations must make major changes in the way they measure & manage costs. In a world of rapid technological change, vigorous global & domestic competition, & enormous information-processing capabilities, it is critical that managers receive information that is timely, accurate, & relevant.