Preface

Every time I sign a book contract, I believe it will be the last. With Lies, Damned Lies, and Cost Accounting, my focus was on showing how and why cost accounting doesn’t work the way we believe it does, and why companies should not rely on cost accounting information for managerial purposes. Lies had been requested by the founder of the Society of Cost Management, Michael Fournier (may he rest in peace). It was going to be my last book, but as you can see, it was not. In fact, Project Profitability, will follow this one by a few months, so I really lied to myself after Lies.

When people read Lies, it explained a lot of things many figured were wrong. My friend and mentor, Dr. Joe Castellano, a long time accounting professor and all-around ...

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