Volume 1 - Organization responsibility centers cost accounting and profitability for financial institutions based on a practical, easy to understand and use approach. Simplified Profitability includes a unique and commonsense method for determining a funds transfer rate which eliminates the common practice of using a dummy account to balance to the general ledger income statement. This activity based system can be implemented in only four to five months. Many case studies with examples and a work plan are included. "Ed knows more about simplifying cost accounting and implementing a usable bank profitability system than anyone we have met." CFO, Client Bank