Preview

MArketing

Satisfactory Essays
Open Document
Open Document
301 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
MArketing
References
Accountingexplained.com. 2014. Activity-Based Costing | Steps | Example. [online] Available at: http://accountingexplained.com/managerial/cost-systems/activity-based-costing [Accessed: 25 Mar 2014].
Accountlearning.blogspot.co.uk. 2014. Advantages And Disadvantages Of Activity-Based Costing(ABC) | Account-Management-Economics. [online] Available at: http://accountlearning.blogspot.co.uk/2011/07/advantages-and-disadvantages-of_06.html [Accessed: 25 Mar 2014].
Accountlearning.blogspot.co.uk. 2014. Advantages And Disadvantages Of Activity-Based Costing(ABC) | Account-Management-Economics. [online] Available at: http://accountlearning.blogspot.co.uk/2011/07/advantages-and-disadvantages-of_06.html [Accessed: 25 Mar 2014].
Brimson, J. A. 1991. Activity accounting. New York: J. Wiley.
Dua, J. 2013. Business Santiandanzas: Difference Between Traditional Costing and Activity-Based Costing. [online] Available at: http://santiandanzas.blogspot.co.uk/2013/03/difference-between-traditional-costing.html [Accessed: 25 Mar 2014].
Emblemsvag.com. 2014. Activity-Based Costing (ABC). [online] Available at: http://www.emblemsvag.com/abc.htm [Accessed: 25 Mar 2014].
Glad, E., Becker, H., Partridge, M. and Perren, L. 1996. Activity-based costing and management. Chichester: J. Wiley.
Heikki Korpunen; Shaun Mochan; Jori Uusitalo. 2011. Construction Management and Economics. [report] E. & F.N. Spon, p. 10.
Investopedia. 2009. Activity-Based Costing (ABC) Definition | Investopedia. [online] Available at: http://www.investopedia.com/terms/a/abc.asp [Accessed: 25 Mar 2014].
Krumwiede, K. R. 1998. The implementation steps of activity-based costing and the impact of contextual and organizational factors. Journal of Management Accounting Research.
Martin, J. 2014. Management Accounting: Concepts, Techniques, and Controversial Issues - Chapter 2: Cost Accounting Systems and Manufacturing Statements. [online] Available at: http://maaw.info/Chapter2.htm [Accessed: 25 Mar



References: Accountingexplained.com. 2014. Activity-Based Costing | Steps | Example. [online] Available at: http://accountingexplained.com/managerial/cost-systems/activity-based-costing [Accessed: 25 Mar 2014]. Brimson, J. A. 1991. Activity accounting. New York: J. Wiley. Dua, J. 2013. Business Santiandanzas: Difference Between Traditional Costing and Activity-Based Costing. [online] Available at: http://santiandanzas.blogspot.co.uk/2013/03/difference-between-traditional-costing.html [Accessed: 25 Mar 2014]. Emblemsvag.com. 2014. Activity-Based Costing (ABC). [online] Available at: http://www.emblemsvag.com/abc.htm [Accessed: 25 Mar 2014]. Glad, E., Becker, H., Partridge, M. and Perren, L. 1996. Activity-based costing and management. Chichester: J. Wiley. Heikki Korpunen; Shaun Mochan; Jori Uusitalo. 2011. Construction Management and Economics. [report] E. & F.N. Spon, p. 10. Investopedia. 2009. Activity-Based Costing (ABC) Definition | Investopedia. [online] Available at: http://www.investopedia.com/terms/a/abc.asp [Accessed: 25 Mar 2014]. Krumwiede, K. R. 1998. The implementation steps of activity-based costing and the impact of contextual and organizational factors. Journal of Management Accounting Research. Martin, J. 2014. Management Accounting: Concepts, Techniques, and Controversial Issues - Chapter 2: Cost Accounting Systems and Manufacturing Statements. [online] Available at: http://maaw.info/Chapter2.htm [Accessed: 25 Mar 2014]. Needy, K. L., Nachtmann, H., Roztocki, N., Warner, R. C., Bid and A, B. 2003. Implementing Activity-Based Costing Systems in Small Manufacturing Firms: A Field Study. Engineering Management Journal, 15 (1). Trigg, R. R. 1997. Activity Based Costing or Traditional Costing: Are They Really Different. p. 2. Wegmann, G., Nozile, S. and Controller, F. 2008. The activity-based costing method developments: state-of-the art and case study. ICFAI--University Journal of Accounting Research, pp. 1--17. Wilkinson, J. 2013. Activity-based Costing (ABC) vs Traditional Costing - Strategic CFO. [online] Available at: http://strategiccfo.com/wikicfo/activity-based-costing-abc-vs-traditional-costing/ [Accessed: 25 Mar 2014].

You May Also Find These Documents Helpful

  • Better Essays

    Strategiccfo.com 2014- Activity based costing and Traditional costing steps retrieved on September 19, 2014 from http://strategiccfo.com/wikicfo/activity-based-costing-abc-vs-traditional-costing/…

    • 1854 Words
    • 8 Pages
    Better Essays
  • Better Essays

    Jet2 Task 4

    • 2238 Words
    • 9 Pages

    The main difference between activity based costing and the traditional system is that activity based costing requires four steps to build its cost point. Traditional costing uses one rate where first, activity based costing must identify each activity and estimate its total and indirect cost. Second for activity based costing is that the cost driver for each activity must be estimated along with the total quantity of each driver’s allocation base. Third the cost allocation for each activity must be computed. Fourth costs to cost object are allocated. Activity-based costing focuses on activities. The costs of those activities become the building blocks for measuring (allocating) the costs of products and services. (Horngren, Harrison, Jr & Oliver, 2008) This method of costing does require more time to compute the cost to the activity yet it earns that money back plus dividends by having a more accurate forecast of the true costs that are associated with each activity.…

    • 2238 Words
    • 9 Pages
    Better Essays
  • Better Essays

    Kinsella, S.M. (2002). Activity-based costing: Does it warrant inclusion in A Guide to the Project Management Body of Knowledge (PMBOK guide)? Project Management Journal, 33, 2, 49-56. Retrieved October 6, 2003, from ProQuest database.…

    • 3567 Words
    • 15 Pages
    Better Essays
  • Good Essays

    Case 5A

    • 1200 Words
    • 5 Pages

    Activity-based costing changes “the rules of the game” since it changes some of the key measures that manager’s use for their decision making and for evaluating individuals’ performance (Accounting4management.com). In order for Glaser to implement a successful activity-based costing system management must take a look at their overhead costs and justify whether or not they have enough overhead to be worrying about. While we do not know Glaser’s monetary value of their overhead costs, it seems that they have several divisions with a large amount of cost categories management must consider. The three main divisions of Glaser Health Products are Operations, Sales, and Administrative. Under each division are costs categories that have been divided up to help management determine where they belong. (Appendix A identifies each of the costs with the appropriate division).…

    • 1200 Words
    • 5 Pages
    Good Essays
  • Satisfactory Essays

    Mgmt 122 Case 1

    • 487 Words
    • 2 Pages

    In the field of accounting, activity-based costing and traditional costing are two different methods for allocating overhead costs to products. In traditional costing systems, all manufacturing costs are assigned to products whether or not they are caused by the products. Furthermore, nonmanufacturing costs are not assigned to products, even those nonmanufacturing costs that are caused by the products. On the other hand, in activity based costing, nonmanufacturing costs as well as manufacturing costs may be assigned to products. Another difference is that in traditional costing the entire factory may have only one overhead cost pool and one measure of activity such as direct labor hours, while activity based costing has a number of overhead cost pools, each of…

    • 487 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Acc349 Reflection Summary

    • 297 Words
    • 2 Pages

    One advantage of Activity-Based Costing system is it has more accurate overhead cost allocation because there are more cost pools, the costs in each pool are more similar, and allocation is based on activities that cause overhead costs. It is more effective overhead cost control by focusing on processes or activities and focuses on relevant factors by assigning costs to any cost object that is of interest to management. Lastly, it allows better management of activities by helping managers identify the causes of costs and the activities driving them. The disadvantages of Activity-Based Costing are its cost to implement and maintain ABC requires management commitment and financial resources and its uncertainty with decisions remain and management must interpret ABC data with caution in making managerial decisions.…

    • 297 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    Chaper 5 Study Guide

    • 11148 Words
    • 45 Pages

    If the usage of project activities is not proportional to the number of units produced, then some managers…

    • 11148 Words
    • 45 Pages
    Powerful Essays
  • Powerful Essays

    This report analyses the costs associated with two of Coffee Beans Inc. products, Moana Loa and Malaysian blends based on two different costing methodologies, namely the traditional job costing system that the company uses so far and the Activity Based Costing (ABC).…

    • 3368 Words
    • 14 Pages
    Powerful Essays
  • Powerful Essays

    Activity Based Costing - 2

    • 1651 Words
    • 7 Pages

    Activity based costing (ABC) hit the world of financial management with a very large bang in the late 1980s. Within a few years 20% of the UK’s largest companies were using, or at least piloting, ABC systems. By the turn of the millennium, however, the proportion of adopters was no higher, while one third of those adopting the technique earlier had actually abandoned it. Only one third of those companies considering the use of ABC in 1994 had actually adopted the system by 2000.…

    • 1651 Words
    • 7 Pages
    Powerful Essays
  • Satisfactory Essays

    What is activity-based costing? What are some of the key elements of activity-based costing? How does this method differ from a more traditional costing method?…

    • 511 Words
    • 4 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Ch05tif

    • 12513 Words
    • 63 Pages

    If a company undercosts one of its products, then it will overcost at least one of its other products.…

    • 12513 Words
    • 63 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Abc vs Abm

    • 403 Words
    • 2 Pages

    Activity-Based Costing (ABC) is a method of allocating costs to products and services. It is generally used as a tool for planning and control. It was developed as an approach to address problems associated with traditional cost management systems that tend to have the inability to accurately determine actual production and service costs, or provide useful information for operating decisions. On the other hand, Activity-Based Management (ABM) is an approach to management that aims to maximise the value adding activities while minimizing or eliminating non-value adding activities. The overall objective of ABM is to improve efficiencies and effectiveness of an organization in securing its markets. It draws on activity-based costing (ABC) as its major source of information and focuses on reducing costs, creating performance measures, improving cash flow and, producing enhanced value products.…

    • 403 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    green accounting

    • 18031 Words
    • 73 Pages

    Ali, Hamdi F., A Multicontribution Activity-Based Income Statement, Journal of Cost Management, F94, pp. 45-54.…

    • 18031 Words
    • 73 Pages
    Good Essays
  • Good Essays

    The Activity-Based Costing (ABC) method is the most well-known management accounting innovation in last 20 years. Since the early stages of this method, the Anglo-Saxon scholars have tried to develop specific applications and extensions. In France, the ABC method and its main managerial development, Activity-Based Management (ABM), are quite famous.1 But the numerous developments based on the ABC method are neither very well-known nor discussed. The ABC method was designed in the US during the 1980s (Cooper and Kaplan, 1988).2 It is a refined cost system which enables classifying more costs as direct, to expend the number of indirect cost pools and to identify cost drivers. ABC favors better cost allocation using smaller cost pools called activities. Using cost drivers, the costs of these activities are the basis for assigning costs to other cost objects such as products or services. Since, the work of Johnson and Kaplan (1987) on Management Accounting, the Anglo-Saxon scholars have been very dynamic. The majority of management accounting…

    • 5347 Words
    • 22 Pages
    Good Essays
  • Powerful Essays

    References: Cobb, I., Innes, J., Mitchell, F. (1992), Activity Based Costing - Problems in Practice, Chartered Institute of Management Accountants, London, .…

    • 7424 Words
    • 30 Pages
    Powerful Essays