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Monetary Value of Time : Why Traditional Accounting Systems Make Customers Wait (Hardcover) (Joyce I.
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There are books on allternative accounting methods, such as Lean Accounting. However, none have focused on the impact of time and how accounting practices can be modified to acknowledge the power of time. The book presents a framework for assessing the value of time in terms of organizational strategy and competitive advantage. This is supported by high level metrics, which is in turn supported by operational metrics. This is supported by accounting data that recognizes the value of time. This data is the basis for time-based pricing models. This framework enables organizations to develop consistent measures and ensures that the cost accounting system isn’t motivating incorrect behaviors.