This article constitutes a thorough presentation of an original scheme for portable CPU accounting and control in Java, which is based on program transformation techniques at the bytecode level and can be used with every standard Java Virtual Machine. In our approach applications, middleware, and even the standard Java runtime libraries (i.e., the Java Development Kit) are modified in a fully portable way, in order to expose details regarding the execution of threads. These transformations however incur a certain overhead at runtime. Further contributions of this article are the systematic review of the origin of such overheads and the description of a new static path prediction scheme targeted at reducing them.