The Role of "Hidden Costs" in Cost Management

Seiichi Kon
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Seiichi Kon: Faculty of Management, Kyushu Sangyo University, Japan

Chapter 8 in Japanese Management Accounting Today, 2007, pp 103-116 from World Scientific Publishing Co. Pte. Ltd.

Abstract: AbstractThe following sections are included:IntroductionThe Opportunity CostThe meaning of opportunity cost and decision-makingClassification of opportunity costsOpportunity cost in accountingHeuristic Analysis of Financial CostsExplicit costs and outlay costsHeuristic analytical method of financial costsFinancial cost in cost management techniquesCost Management Centered on "Hidden Costs"Hidden non-financial cost and cause variables of valueThe present state and future prospects of cost management centered on "hidden costs"ConclusionSubjoinderAcknowledgmentReferences

Keywords: Japanese Management Systems; Stakeholders; Organizational Behavior; Strategy and Business Restructuring; Management Control Systems; Budgeting; Cost Management; Supply Chain; Shared Services; Process Management (search for similar items in EconPapers)
Date: 2007
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