http://www.ScienceofBusiness Cost accounting is alive and well in American business, even though it is an invalid, old technology. The continued and unquestioned use of cost accounting has led directly to the loss of competitiveness and long-term decline of American business. Stop using it! Instead use Throughput Accounting based on Goldratt's Theory of Constraints. In this video we discuss why if you say "we lost money on that job (or project)" you are using cost accouning! Goldratt Theory of Constraints Throughput Accounting is NEW technology relative to Cost Accounting. Discover why you don't really "lose money on a job".