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 Quality Assurance of Exposure Models for Environmental Risk Assessment of Substances by David Wagener
Cover of the book A critical discussion of African Feminism as an exponent of Feminist Theory by David Wagener
Cover of the book Implementing CRM systems by David Wagener
Cover of the book Some Potential Origins of the First World War (1914-1918) by David Wagener
Cover of the book Gender and Language Change by David Wagener
Cover of the book Population growth and poverty by David Wagener
Cover of the book Approaches and Theories to standard setting in Accounting by David Wagener
Cover of the book Sales promotion at the car dealer's by David Wagener
Cover of the book Smithkline Consumer Products. The Contac® Relaunch by David Wagener
Cover of the book Critique for the Open Source Development Model by David Wagener
Cover of the book Killing in self-defence by David Wagener
Cover of the book Die Rolle Deutschlands in Afghanistan by David Wagener
Cover of the book What is the most convincing explanation for the success (or failure) of green parties in Europe - Value change, party strategy or institutions by David Wagener
Cover of the book Repräsentativitätsheurisik - Eine Einführung by David Wagener
Cover of the book Choose Your Words Wisely. How Laypeople's Health Decisions are Shaped by Presentation Format 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