H. Thomas Johnson

H. Thomas Johnson is a notable figure in management and accounting, acknowledged for his work on cost management and performance measurement. He emphasized the importance of understanding costs in relation to business performance and advocated for more effective methods of measuring and managing those costs. Johnson promoted concepts like Activity-Based Costing (ABC), which helps organizations allocate costs more accurately based on actual activities, leading to better decision-making. His work highlights the necessity of aligning financial practices with overall strategy to improve efficiency and competitiveness in organizations.