Activity-Based costing and its later development into activity based budgeting and management

Business & Finance, Accounting
Cover of the book Activity-Based costing and its later development into activity based budgeting and management by David Wagener, GRIN Publishing
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: David Wagener ISBN: 9783640142361
Publisher: GRIN Publishing Publication: August 21, 2008
Imprint: GRIN Publishing Language: English
Author: David Wagener
ISBN: 9783640142361
Publisher: GRIN Publishing
Publication: August 21, 2008
Imprint: GRIN Publishing
Language: English

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.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

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.

More books from GRIN Publishing

Cover of the book Karl Marx, Carl G. Hempel and Robin G. Collingwood on the Empirical Nature of History by David Wagener
Cover of the book Victorian Psychology and Madness in 'Lady Audley's Secret' by David Wagener
Cover of the book American Realism - what can we learn from different definitions? by David Wagener
Cover of the book Governmental Change and New Causal Ideas in Britain. Why ESDP Lifted Off in 1999 by David Wagener
Cover of the book The EU - Africa Relationship by David Wagener
Cover of the book Integrated Sustainability and its Impact on Accounting and Finance by David Wagener
Cover of the book Sovereign debt default and financial crisis in Argentina 2001 by David Wagener
Cover of the book The Democratic Republic of the Congo - Analysis, Initiatives and Recommendations to a Major Conflict in the Heart of Africa by David Wagener
Cover of the book Der Stellungskrieg des Normalen by David Wagener
Cover of the book Deliberating Justice: Indigenous Peoples, the World Bank and the Principle of Free Prior Informed Consent by David Wagener
Cover of the book Politeness in Romania by David Wagener
Cover of the book Towards Customer Equity: should marketers shift focus from brand equity? by David Wagener
Cover of the book Marketing Information System by David Wagener
Cover of the book The Arch of Constantine by David Wagener
Cover of the book An Analysis of the Usage and Effect of Presupposition and Entailment in Isaac Marion's Novel 'Warm Bodies' by David Wagener
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy