Search Results for activity-based-cost-management

This collection of case studies helps managers: understand the real value of ABC (including how it benefits nonfinancial managers and even shareholders); learn to identify good design decisions, in relation to their own organizational ...

Author: Robin Cooper

Publisher: Inst of Management Accountants

ISBN: UOM:49015002076546

Category: Business & Economics

Page: 336

View: 581

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By now, most companies know that activity-based costing, an innovative accounting system that breaks down overhead far more precisely than old-fashioned systems do, can be used to trim waste, improve service, and make better product-mix and pricing decisions. Yet the actual design and implementation of a successful ABC system remains largely a mystery for many companies. Analyzes the experiences of eight real-life companies who took on the challenge of implementing an ABC system, revealing the mistakes, successes, and ultimate triumphs that resulted in each case. Winner of the Notable Contribution to Management Accounting Literature Award.
1992 By Robin Cooper

Activity-Based Cost Management: Making It Work doesn't just explain what ABC is, it shows you the mathematical calculations that support ABC and how you can implement ABC into your organization.

Author: Gary Cokins

Publisher: Irwin Professional Pub

ISBN: 0786307404

Category: Business & Economics

Page: 226

View: 238

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What good are the facts and figures of managerial accounting if the people who need them can't use them? More and more organizations are realizing that activity based costing is a superior method for both identifying improvement opportunities and measuring the realized benefits of performance initiatives. ABC data helps you see that time, quality, capacity, flexibility, and cost are interconnected and also allows you to navigate through management fads and into the faster currents of high-payback performance. ABC offers a superior product and service costing technique with substantially more realistic cost assignments and much greater accuracy. It gives you better insights to manage your product design and manage costs. It can even be used for performance measurements. ABC represents a significant change in corporate systems and can be challenging to implement. Activity-Based Cost Management: Making It Work will walk you through the process so you can overcome barriers and successfully implement ABC. Activity-Based Cost Management: Making It Work doesn't just explain what ABC is, it shows you the mathematical calculations that support ABC and how you can implement ABC into your organization.
1996 By Gary Cokins

After reading this book, you will have an understanding of the power of ABC/M as a tool to understand costs and make better business decisions." —John F. Morrow, CPA, AICPA Vice President, The New Finance "Gary Cokins has helped light the ...

Author: Gary Cokins

Publisher: John Wiley & Sons

ISBN: 9780471217275

Category: Business & Economics

Page: 384

View: 614

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Proven strategy for reducing production and operating costs while increasing profits As the growth of the Internet shifts power to consumers, the pressure on companies to keep prices low will continue to mount. Increasingly corporations are relying on "margin management" and supply chain management as a means of keeping prices low while raising profits. Activity-based costing and management (ABC/M) data is key to succeeding in both these critical management strategies. This book explains how executives can effectively use the information furnished by cutting-edge ABC/M systems. The author, an acknowledged expert in the field, clearly defines the ABC/M system and explains how to use the information it provides for best results. He provides a rational framework for understanding the fifteen key defining characteristics of ABC/M and arms readers with an ABC/M Readiness Assessment test along with extremely user-friendly exhibits.
2002-04-22 By Gary Cokins

Seminar paper from the year 2007 in the subject Business economics - Controlling, grade: 1,3, University of Applied Sciences Wildau (WIT Wildau), course: Managerial Accounting, 18 entries in the bibliography, language: English, abstract: ...

Author: Patrick Zeuner

Publisher: GRIN Verlag

ISBN: 9783656202486

Category:

Page: 40

View: 717

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Seminar paper from the year 2007 in the subject Business economics - Controlling, grade: 1,3, University of Applied Sciences Wildau (WIT Wildau), course: Managerial Accounting, 18 entries in the bibliography, language: English, abstract: Activity-based costing first gained publicity in the early 1980s. It was developed as a logical alternative to traditional cost management systems that tended to produce insufficient results when it came to allocating costs. Harvard Business School Professor Robert S. Kaplan was an early advocate of the ABC system. Due to a changing business world and strong competition, the cost structure in many companies changed, while facing an increased price pressure. When profit margins are decreasing, companies are focusing not only on external but also internal opportunities to improve their cost structures and to make hidden costs transparent. This lead to the introduction of Activity-based costing (ABC) as a new approach of process thinking to make the internal organization more flexible to react to changes in the production process and allocation of costs as well as to deal with overcapacities. This paper will focus on the ABC tool, which is aiming at transparency, efficiency increase and improvement of the given cost calculation systems. The ABC method enables management to optimize the enterprise with detailed information for a thorough decision making process. ABC is a method for developing cost estimates, based on the activities used within the production process per cost object. To develop a cost estimate the most important activities within the production cycle - the cost drivers - need to be identified. The activity must be definable and measured in units, e.g. number of man hours. After all activities for producing the product are known, a cost estimate is prepared for each activity. These individual cost estimates contain all labour, materials and equipment costs, including overhead, for each activity. Each complete individual e
2013-11 By Patrick Zeuner

Describes and explains activity-based concepts in the context of cost and management accounting.

Author: Ronald J. Lewis

Publisher: Greenwood Publishing Group

ISBN: 0899309658

Category: Business & Economics

Page: 283

View: 780

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Describes and explains activity-based concepts in the context of cost and management accounting.
1995 By Ronald J. Lewis

The next step now is to make operative approaches and apply the theory in practical situations!" –John-Erik Stenberg Considium Consulting Group AS "This book skillfully combines the ideas of life-cycle costing and activity-based costing ...

Author: Jan Emblemsvåg

Publisher: John Wiley & Sons

ISBN: 9780471469193

Category: Business & Economics

Page: 336

View: 922

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Everyone jokes about the 20/20 hindsight of cost management. InLife-Cycle Costing, Jan Emblemsvag proposes to do somethingabout it. Here's a new approach to life cycle costing that bringsactivity-based costing, risk, and uncertainty into the forefront.You'll focus on future costs and learn how you can perform any typeof cost management activity better than before by introducinguncertainty into models and exploiting them to the max. Order your copy today!
2003-05-27 By Jan Emblemsvåg

This book applies activity-based costing and activity-based management techniques to health care in a very practical guide that offers health care administrators and students 'hands-on' forms, worksheets, report formats, examples of ...

Author: Judith J. Baker

Publisher: Jones & Bartlett Learning

ISBN: 0834211157

Category: Medical

Page: 385

View: 442

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This book applies activity-based costing and activity-based management techniques to health care in a very practical guide that offers health care administrators and students 'hands-on' forms, worksheets, report formats, examples of activity-based costing and activity-based management planning and information, and actual case studies.
1998 By Judith J. Baker

The next step now is to make operative approaches and apply the theory in practical situations!" –John-Erik Stenberg Considium Consulting Group AS "This book skillfully combines the ideas of life-cycle costing and activity-based costing ...

Author: Jan Emblemsvåg

Publisher: Wiley

ISBN: 0471358851

Category: Business & Economics

Page: 336

View: 469

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Everyone jokes about the 20/20 hindsight of cost management. In Life-Cycle Costing, Jan Emblemsvag proposes to do something about it. Here's a new approach to life cycle costing that brings activity-based costing, risk, and uncertainty into the forefront. You'll focus on future costs and learn how you can perform any type of cost management activity better than before by introducing uncertainty into models and exploiting them to the max. Order your copy today!
2003-03-14 By Jan Emblemsvåg

Activity-based accounting is an essential tool for running your business in the 90s. This book is a must-have tool for learning how to master it.

Author: James A. Brimson

Publisher: Wiley

ISBN: UOM:49015001279315

Category: Business & Economics

Page: 214

View: 945

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New costing procedures for a new economic age Increasing global competition is causing upheaval in every area of industry and commerce. An explosion in the use of advanced technologies is continuing to fundamentally revolutionize the way we go about doing business. These factors are in turn driving dramatic reductions in product life cycles (the average product life cycle is now well under five years) and exerting tremendous pressure on profit margins. The effect has been to substantially change cost structures with their traditional focus on direct labor and arbitrary allocation of overhead. Yet we continue to measure cost in the old way. Now, here's a book that shows you how to update your accounting procedures in order to effectively accommodate these significant changes. Step by step, Activity Accounting: An Activity-Based Costing Approach describes activity accounting in a clear, concise manner. It emphasizes the strengths and benefits of an activity-based approach to business management and demonstrates how you can apply activity accounting to your organization. Activity-based accounting is an essential tool for running your business in the 90s. This book is a must-have tool for learning how to master it.
1991-03-13 By James A. Brimson

A practical, applications-rich guide to this new cost management methodology Implementing Activity-Based MANAGEMENT In Daily Operations John Miller's lucid presentation of the principles and practice of activity-based management and ...

Author: John A. Miller

Publisher: John Wiley & Sons Incorporated

ISBN: UOM:39015041085435

Category: Business & Economics

Page: 245

View: 302

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A practical, applications-rich guide to this new cost management methodology Implementing Activity-Based MANAGEMENT In Daily Operations John Miller's lucid presentation of the principles and practice of activity-based management and activity-based costing makes this book required reading for all managers, accountants, and financial officers. Now generally recognized as a more accurate method of determining the relative profitability of various business activities, ABM has become a valuable new tool for management decision making. Miller, whose experience includes the implementation of ABM at Fortune 500 companies, provides step-by-step guidance to its use and benefits: Overview of ABM, including basic principles, benefits, uses, various approaches, and implementation models Basic techniques of activity/product costing, with comparisons between traditional methods and ABM Activity analysis—how to define processes, activities, cost-drivers, and goals Data gathering for ABM—collection techniques and interviews Examples of real-life implementation plans and situations, drawn from a variety of organizations Ongoing system requirements, planning, and performance measurement Activity-based management and activity-based costing (ABM/ABC) have brought about a sea change in cost management systems. Growing largely out of the work of the Texas-based Consortium for Advanced Manufacturing-International (CAM-I), ABC has, according to BusinessWeek, introduced "new rules for cost management as investment justification, product costing, the total life-cycle costs of products, and how to define better measures of manufacturing performance." Since it was first introduced in 1985, ABM/ABC has evolved considerably and has been applied in service companies, utilities, telecommunications, and government agencies. The use of activity-based management techniques has resulted in a much more accurate determination of the relative profitability of various business activities and, therefore, more profitable management decisions. This clearly written, example-rich book shows managers, accountants, and financial officers how to put activity-based accounting into practice as quickly and efficiently as possible. This book includes ABM Best Practices identified by CAM-I and the American Productivity and Quality Center in a recently completed land-mark study. Implementing Activity-Based Management in Daily Operations provides step-by-step guidance on how to implement ABM at the level of daily process operations, and demonstrates, through numerous detailed examples, its benefits for cost management. Applications to a variety of organizations are covered, including service companies, government agencies, and process industries. Practical linkages between ABM/ABC and Total Quality Management and Business Process Reengineering are explained and illustrated. Implementing Activity-Based Man-agement in Daily Operations covers all aspects of ABM, from activity/product costing, through activity analysis and data gathering, to on-going system requirements and full integration. It is designed for all members of an organization involved in reaping the significant benefits of this new cost management methodology.
1996 By John A. Miller

Activity Based Cotsting for Construction Companies provides guidelines on how overhead costs can be managed for using Activity Based Costing (ABC), providing gains in contractor competiveness.

Author: Yong-Woo Kim

Publisher: John Wiley & Sons

ISBN: 9781119194682

Category: Technology & Engineering

Page: 184

View: 302

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Activity Based Cotsting for Construction Companies provides guidelines on how overhead costs can be managed for using Activity Based Costing (ABC), providing gains in contractor competiveness. Illustrated with a range of case studies and examples it also presents a map that shows construction contractors how to implement ABC to calculate overhead costs accurately, identifying non or low-value added operations which can then be improved.
2017-02-23 By Yong-Woo Kim

The 123s of ABC in SAP is the first book of its kind designed to help business managers understand the capabilities of the SAP R/3 business application to support Activity-Based Costing, Management, and Budgeting.

Author: Dawn J. Sedgley

Publisher: John Wiley & Sons

ISBN: 9781119522959

Category: Business & Economics

Page: 408

View: 426

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Incorporate the Benefits of Activity-Based Costing into the Efficiencies of Your SAP R/3 System Given SAP's dominance in the enterprise resource planning (ERP) market, many companies and their managers encounter SAP AG applications in some form or another. Many of these organizations have recognized the value of utilizing Activity-Based Costing/Management concepts to perform more accurate cost assignments or drive performance initiatives. Managers are then faced with trying to determine how Activity-Based Costing can be incorporated into the SAP environment. The 123s of ABC in SAP is the first book of its kind designed to help business managers understand the capabilities of the SAP R/3 business application to support Activity-Based Costing, Management, and Budgeting. Divided into three parts-the conceptual foundation, the capabilities of SAP ABC, and integration with other tools-the book provides readers with the following: An explanation of how Activity-Based Costing can be used with SAP Helpful hints for implementing ABC into SAP Insights into the most common difficulties and potential solutions when implementing ABC into SAP Summary tables that highlight key decisions to be made, implementation hints, and organizational challenges Detailed descriptions of SAP software applications to support the Activity-Based Costing approach as well as the integration of SAP R/3 with Oros software Examples of the tandem usage of Resource Consumption Accounting with Activity-Based Costing
2018-04-16 By Dawn J. Sedgley

Author: N. M. Panda

Publisher: Mittal Publications

ISBN: 817099733X

Category: Activity-based costing

Page: 150

View: 566

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1999 By N. M. Panda

Seminar paper from the year 2005 in the subject Business economics - Accounting and Taxes, grade: 1,6, Lancaster University, course: Management Accounting, 10 entries in the bibliography, language: English, abstract: In this report I will ...

Author: Hakan Goektuerk

Publisher: GRIN Verlag

ISBN: 9783638750837

Category: Activity-based costing

Page: 32

View: 425

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Seminar paper from the year 2005 in the subject Business economics - Accounting and Taxes, grade: 1,6, Lancaster University, course: Management Accounting, 10 entries in the bibliography, language: English, abstract: In this report I will show how activity-based costing (ABC) can be applied to a department of a major institution such as a University. Large universities may maintain and follow complex and rigid accounting systems. However, the systems are almost always based on a form of fund accounting and are intended to satisfy legal and donor stipulations rather than to provide information for administrative decisions. In this report I show how activity-based costing (ABC) can be applied to institutions of higher education and, I believe, can result in improved information of benefit to academic administrators, legislators, voters and consumers. The report also analyses an example related to the degree at the university which follows with the appropriateness of using this system by the university. The Advantages and Disadvantages of activity-based costing are also investigated in this report and therefore, will provide a disclosure for the University board in terms of the usage of ABC.
2007-10 By Hakan Goektuerk

* A practical, cost-effective guide to ABC for small to medium companies. * Identifies the key cost related issues in organizations and shows how to develop a cost-flow structure that reflects the organization's cost behavior. * Feature an ...

Author: Douglas T. Hicks

Publisher: Wiley

ISBN: 047123754X

Category: Business & Economics

Page: 384

View: 111

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* A practical, cost-effective guide to ABC for small to medium companies. * Identifies the key cost related issues in organizations and shows how to develop a cost-flow structure that reflects the organization's cost behavior. * Feature an ongoing case study throughout the book documents the model-building process. * Provides a spreadsheet model blueprint that details data flows. * Shows how a cost model of an organization can be developed using basic spreadsheet software on a PC.
2002-08-23 By Douglas T. Hicks

Seminar paper from the year 2004 in the subject Business economics - Controlling, grade: 1,5, University of Wales, Newport, course: Management Accounting, 14 entries in the bibliography, language: English, abstract: The initial aim of this ...

Author: Daniel Bradtke

Publisher: GRIN Verlag

ISBN: 9783638797191

Category:

Page: 36

View: 856

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Seminar paper from the year 2004 in the subject Business economics - Controlling, grade: 1,5, University of Wales, Newport, course: Management Accounting, 14 entries in the bibliography, language: English, abstract: The initial aim of this report is to layout the main differences of the client's current basis of overhead absorption, compared to activity - based costing (ABC). By showing the divergence of both systems, it appears that information generated from traditional overhead absorption does not properly equip management with suitable information for decision making. An additional aim of this paper focuses on the potential benefits of activity - based costing. It illustrates the chances of ABC as a decision making tool to provide management benefits regarding the accuracy of cost and the achievement of goals and strategies. Lastly, this report highlights all information required for the implementation of ABC into the organisation. It also reveals the necessity to collect and process the information needed in the correct format at a reasonable cost.
2007-11 By Daniel Bradtke

This book takes activity-based costing and management beyond its purely technical aspects, and introduces a holistic approach to fundamental issues such as management of cost, time, quality, funds and other constraints.

Author: Ernest Glad

Publisher: Wiley

ISBN: 0471963313

Category: Business & Economics

Page: 244

View: 748

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This book takes activity-based costing and management beyond its purely technical aspects, and introduces a holistic approach to fundamental issues such as management of cost, time, quality, funds and other constraints. Activity-based costing and management is not just a new way of computing business figures, but requires a fundamental understanding of all management issues. By adopting a customer-oriented approach to the development of management and accounting systems the authors expose the shortcomings of traditional accounting systems. This practical book is much more than a collection of new cost measurement techniques, it emphasises the philosophies the modern accountant must adopt to help the organisation add value to its shares.
1996-11-14 By Ernest Glad

Author: Barry J. Brinker

Publisher: Warren Gorham & Lamont

ISBN: PSU:000026660844

Category: Business & Economics

Page:

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Author: Robin Cooper

Publisher:

ISBN: OCLC:476852647

Category:

Page:

View: 495

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1988 By Robin Cooper

The second part of this work describes the concept of ABC by summarizing the arguments of two pioneers in this field.

Author: David Wagener

Publisher: GRIN Verlag

ISBN: 9783640586622

Category:

Page: 20

View: 834

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Seminar paper from the year 2008 in the subject Business economics - Accounting and Taxes, grade: 1.3, University of the West of England, Bristol (Bristol Business School (University of the West of England)), course: Internes Rechnungswesen/ Management Accounting, 15 entries in the bibliography, language: English, abstract: Every accounting student of the past sixty years has learned about inventory costing- a bookkeeping procedure that manufacturing accountants follow to separate the production expense of an accounting period from the cost of manufactured product inventories at the end of the period. (Johnson and Kaplan, 1991, p. 130) This technique of valuing inventory should, although often practiced, not be used for managerial decision making though. It oversimplifies the consumption of overhead costs by products, services and customers and therefore leads to distorted cost information. Activity-based costing (ABC), developed by single manufacturing firms in the early 1980s, seems to provide more reliable information. The second part of this work describes the concept of ABC by summarizing the arguments of two pioneers in this field. In their book "Relevance Lost: The Rise and Fall of Management Accounting," first published in 1987, H. Thomas Johnson and Robert S. Kaplan (1991) examine the traditions of management accountting and describe possible improvements. In part three the developments of ABC in the last 20 years are described by reviewing a choice of important literature. Part four then shows the impact that ABC had on implementing companies. The conclusion, part five, contains an assessment of the used literature and an evaluation of whether the critic of traditional management accounting has been overcome by ABC.
2013-10 By David Wagener

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