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 Deliberative Nerdocracy by David Wagener
Cover of the book The Japanese employment system by David Wagener
Cover of the book Empirical evidence on shareholder value effects of corporate restructuring by David Wagener
Cover of the book Private Equity in Germany by David Wagener
Cover of the book Managing Diversity by David Wagener
Cover of the book State, cartels and growth: The German Chemical Industry by David Wagener
Cover of the book Victorian Poetry High and Low - Sammlung von Thesenpapieren by David Wagener
Cover of the book Supply Chain Management - A Critical Analysis by David Wagener
Cover of the book Landschaftsmalerei auf der Insel Rügen by David Wagener
Cover of the book To what extent is the tragedy of the commons restricting option when dealing with a global ecological crisis? by David Wagener
Cover of the book Prebisch-Singer Thesis by David Wagener
Cover of the book Partnership at work: Comparison and evaluation by David Wagener
Cover of the book Semiotics of historical reflection - A study of Julian Barnes's 'Evermore' by David Wagener
Cover of the book Central concepts of aesthetics: a proposal for their application by David Wagener
Cover of the book Mountain Hazards associated with Permafrost Degradation 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