| Papers [1-14] of 100 :: [Page 1 of 8] | | Go to page : 1 2 3 4 5 6 7 8 —> | Search results on "ACTIVITY BASED BUDGETING PROFIT MANAGEMENT": |
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Activity-Based Budgeting: A Profit Management Analysis Tool, 2000.
A discussion about activity-based budgeting - the author believes understanding and mastering this concept is the route to understanding customer profitability.
3,848 words (approx. 15.4 pages), 28 sources, £ 73.95
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From the Paper
"Unlike traditional budgeting systems, activity-based budgeting (ABB) more accurately assigns overhead cost consumption to the products and services that consume them. ABB is a process management tool that quantifies the cost of providing a service or product. This is measured in terms of resources that add value for customers and those that are diverted to non-valued added overhead functions (activities). Simply put, activity-based budgeting reflects the organization?s internal processing cost (cost-to-serve). This is done by examining all of an organization?s activities, and not just functional operations, that help determine the true costs of providing services and to quantify recommendations such as process re-engineering, product mixing, or product redesign. Even though the concept of ABB and activity-based management (ABM) is vastly rooted in the manufacturing industry, this new age accounting approach provides valuable data about the cost distribution in any organization. The service industry ? the largest and fastest growing area in the US economy ? has adapted this methodology for providing business intelligence that allows true understanding and analysis of customer contribution to overall profitability."
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"Activity Based Management", 2006.
An review of "Activity Based Management for Service Industries, Government Entities and Non-Profit Organizations" in which it describes activity based systems (ABS).
675 words (approx. 2.7 pages), 1 source, £ 18.95
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Abstract
This paper presents the author's perspective in "Activity Based Management for Service Industries, Government Entities and Non-Profit Organizations". The paper shows how the book focuses on providing information to managers that is vital to modern business concerned with cost management. Specifically, the book discusses activity based systems (ABS) that examines company profits in relation to activities generated by the organization.
From the Paper
"The Author's Perspective: Activity Based Management Activity Based Management for Service Industries, Government Entities and Non-Profit Organizations focuses on providing information to managers that is vital to modern business concerned with cost management. The book discusses Activity Based Systems (ABS) that examine company profits in relation to activities generated by the organization. This process blends into the concept of Activity Based Costing (ABC), which allows management to comprehend profits that are derived from products currently in the market. As these elements are focused upon, Activity Based Management (ABM) then proceeds to determine which factors contributing to the organization are effective, and where costs can be reduced through Activity Based Budgeting (ABB). Proper budgeting through this system allows managers to plan the finances of the organization in a manner that will align the company with the competition, and provide for a stronger economic future (Brimson & Antos)."
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Management Report on Activity Based Accounting, 2002.
Discusses some of the pros, cons, advantages, disadvantages and uses for activity based accounting.
1,700 words (approx. 6.8 pages), 8 sources, APA, £ 38.95
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Abstract
This paper provides a basic introduction to ABC (Activity Based Costing) methods as a managerial accounting technique, a comparison to traditional based methods, benefits and disadvantages of ABC. The paper also includes an analysis of ABC methods as a TQM (Total Quality Management) component and provides a summary analysis of the system.
Table of Contents
Abstract
Introduction to Activity Based Accounting
Uses for ABC
Implementing ABC
Advantages of ABC Costing
Disadvantages of ABC Costing
ABC versus Traditional Accounting
The Concerns of Activity Based Management
Summary Analysis
References
From the Paper
"Activity-Based Costing (ABC) arose in the 1980s from the increasing lack of relevance of traditional cost accounting methods. The traditional cost accounting methods were designed around 1870 - 1920 and in those days industry was labor intensive, there was no automation, the product variety was small and the overhead costs in companies were generally very low compared to today. However, from the 1960s - particularly 1980s - this changed rapidly. Activity Based Costing is based on a simple principle: activities consume resources and customers consume activities. Associating the labor and overhead expenses of the business with the activities that consume those resources provides valuable facts. ABC defines categories of activity in overhead departments, which on the one hand are recognizable to overhead department managers but, on the other hand, are driven by factors (cost drivers) which are characteristic of products and other cost objects. This allows a much higher proportion of total company cost to be allocated to products according to causation. Ultimately, ABC provides accounting data points that can be used to improve decision-making and identify cost improvement opportunities. The basic building blocks for ABC are activity accounting spreadsheets for each element of a business. The workload of each activity is measured resulting in a cost per output. "
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Activity-Based Management, 2006.
Explains how activity-based management works and why it can help a company improve its bottom line profits and returns.
1,007 words (approx. 4.0 pages), 5 sources, MLA, £ 24.95
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Abstract
This paper begins by explaining how activity-based management (ABM) works and the techniques used to implement this form of management. The paper also explains that the purpose of ABM is to improve business processes, provide strategic product cost data and promote continuous improvement efforts. The paper concludes that ABM is helpful in significantly improving the bottom line profits and returns of a company and that, while it may take some patience to put the ABM program into place, it is well worth the effort.
From the Paper
"However, ABM is a management tool, not an accounting system. It is a tool for looking at how and why a company uses resources. ABM uses ABC, a method of calculating costs. The ABM view is that costs are incurred because of the company's activities, and these activities exist because they support either other activities or the company's products and services."
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Activity-Based Costing, 2002.
A look at Activity-Based Costing in the service industry.
2,400 words (approx. 9.6 pages), 4 sources, £ 61.95
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Abstract
This ten-page undergraduate paper examines Activity-Based Costing in the service industry and discusses how the service industry uses ABC to improve profits and competitiveness. In the process, the author explains the benefits of Activity-Based Costing.
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Implementing the Activity-Based Costing System, 2008.
An overview of the methods of applying the "activity-based costing system" at Dakota Office Supply, in which actual costs associated with each product are established.
1,425 words (approx. 5.7 pages), 4 sources, APA, £ 32.95
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Abstract
The paper discusses, in a detailed description, the effectiveness of an activity-based costing system or ABC and the ineffectiveness of the current costing system in use at the Dakota Office Supply (DOS) company . The paper then relates the methodology of implementing ABC at DOS and the procedures involved in its application.
Outline:
Overview
Situational analysis
Activity based costing
ABC in practice at Dakota
Procedural steps of ABC
From the Paper
"Before performing ABC, a baseline or a starting point is needed for business process improvement and a baseline can be expressed in some form of model. This baseline is critical for DOP because in order to establish this baseline metric the analytics just performed must be done for each individual account. If DOP performs this activity on each customer the strategic management benefits would be substantial because all the excess cost-drivers could be eliminated resulting in much wider operating margins and thus profitability without increasing costs or committing resources to gain this efficiency. Therefore, a baseline is a documentation of the organization's policies, practices, methods, measures, costs and their interrelationships at a particular location at a particular point in time (Maiga & Jacobs, 2003). Through base-lining, activity inputs and outputs across functional lines of business can be identified. ABC is the only improvement methodology that provides output or unit costs. Value added activities are those for which the customers are usually willing to pay in some fashion for the product or service. Non-value added are activities that create waste, result in a delay of some sort, and potentially adds costs to the products or services. Resources are assigned to activities so that the activities can be performed in the first place. Some of Pilgrims' resources are measured in man-hours, machine hours as well as machine maintenance and operational overhead. It is through ABC that an organization can begin to see actual dollar costs against individual activities, and find opportunities to streamline or reduce those costs, or even eliminate the entire activity thus removing the cost altogether. This is the process inherent in ABC that reduces overall expenditures of the company. "
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Activity-Based Costing, 2006.
An overview of the theory and practice behind activity-based costing.
2,583 words (approx. 10.3 pages), 6 sources, APA, £ 54.95
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Abstract
Cost accounting is the process of tracking, recording and analyzing costs associated with the activity of an organization, where cost is defined as required time or resources. Activity-based costing (ABC) is a method of allocating costs to products and services. This paper examines how the major objective of the ABC process is to objectively determine a better way of doing business. It provides examples of cost analysis and concludes that the analysis of these costs and models serves to provide the basis from which decisions can be made and evaluated.
From the Paper
"Costs can be categorized in three ways. Direct costs are those that can be traced directly to one output. For example, the material costs (varnish, wood, paint) to build a chair. Indirect costs are those that cannot be allocated to an individual output; in other words, they benefit two or more outputs, but not all outputs. An example would be maintenance costs for the saws that cut the wood, storage costs, other construction materials, and quality assurance. General & Administrative-costs cannot reasonably be associated with any particular product or service produced (overhead). These costs would remain the same no matter what output the activity produced. An example would be salaries of personnel in purchasing department, depreciation on equipment, and plant security."
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Traditional Cost Accounting vs. Activity Based Costing, 2006.
This paper examines the pros and cons of two specific cost accounting systems: Traditional cost accounting (TCA) and activity based costing (ABC).
1,725 words (approx. 6.9 pages), 9 sources, MLA, £ 38.95
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Abstract
The writer of this paper stresses that the purpose of any cost accounting system is to provide current information about the total cost of manufacturing a product or performing a service. This paper analyzes in detail the strengths and weaknesses of traditional cost accounting (TCA) and activity base costing (ABC). TCA is a well developed method of estimating cost incurred while the ABC system is based on costs which are driven by factors other than product volume.
From the Paper
"A problem may arise in the use of actual overhead costs. The problem stems from the fact that many of the elements of manufacturing are fixed costs, rather than variable costs. Fixed costs are those that tend to remain relatively constant from month to month. Examples of fixed overhead costs include the monthly salary paid to plant managers, depreciation, property taxes, and insurance on plant assets."
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Activity-Based Costing, 2006.
A discussion of the costing model called activity-based costing, which emphasizes the causes behind indirect costs.
2,250 words (approx. 9.0 pages), 8 sources, £ 61.95
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Abstract
This paper considers the relatively new costing model called activity-based costing, developed in the 1980s and then refined through use by various organizations since. This approach is designed to focus attention on the causes behind indirect costs. The ABC system is directed largely at the issue of allocation, placing an emphasis on activities rather than traditional organizational departments as a way of isolating the causes of costs, or the factors that are most likely to cause or contribute to the accumulation of costs.
From the Paper
"Activity Based Costing (ABC) was developed in the 1980s and has been refined through use by various organizations since. This approach is designed to focus attention on the causes behind indirect costs. The ABC system is directed largely at the issue of allocation, placing an emphasis on activities rather than traditional organizational departments as a way of isolating the causes of costs, or the factors that are most likely to cause or contribute to the accumulation of costs (Lewis, 1993, 12). The elements of this system can be applied to the working of a given business to help identify what may be driving costs upward. ABC can also be described as "a costing model that identifies the cost pools, or activity centers, in an organization and assigns costs to products and services (cost drivers) based on the number of events or transactions involved in the process of providing a product or..."
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Activity Based Costing, 2005.
This paper examines the Activity Based Costing accounting method and its uses.
1,800 words (approx. 7.2 pages), 6 sources, £ 49.95
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Abstract
This paper discusses Activity Based Costing (ABC) in relation to its various components as well as in relation to an actual organization. The paper discusses how Pilgrims Manufacturing Inc. is a manufacturer of industrial coils that operates two factories. The paper portrays how ABC is particularly useful for Pilgrims because one of its factories is antiquated, still relying on manual labor for the majority of its productivity and the other is highly automated.
From the Paper
"Activity Based Costing (ABC) is an accounting method that allows an organization to determine actual costs associated with each product and/or service produced by the organization without regard to the organizational structure or other extraneous function. ABC is a powerful tool for measuring performance, identifying, describing and assigning costs to, and reporting on an organization's operations (Caplan, Melumad & Ziv, 2005). Used holistically, ABC can be utilized to also improve processes and identify opportunities to improve business effectiveness and efficiency by determining the true or real costs of a given product or service. ABC principles are used to focus management's attention on the total cost to produce a product or service, and as a basis for full cost recovery of a production or service process. Support and production oriented organizations are particularly suitable for ABC activity because they produce identifiable and measurable units of output."
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Activity Based Costing Approach, 2007.
An analysis of the use of the activity-based costing data approach of financial institutions.
5,802 words (approx. 23.2 pages), 17 sources, MLA, £ 96.95
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Abstract
This study discusses the use of the activity-based costing data of financial institutions in general and Barclays Bank in particular. It aims to determine if these performance metrics provide insights into the level of corporate social responsibility. It also seeks to determine if these financial metrics can and have been misused by analysts and researchers in the past to misrepresent or overstate the degree of corporate social responsibility for such financial institutions.
Table of Contents:
Introduction
Overall Research Aim, Questions and Objectives
Rationale in Support of the Study
Importance of the Study
Overview of the Study
Review of Related Literature
Methodology
Research Strategy and Design
Data Collection Tools and Sources
Data Analysis Techniques
Data Analysis
Summary, Conclusions and Recommendations
From the Paper
"Complex problems require complex solutions, but the underlying tenets of ABC are not all that mysterious. In fact, there are a number of possible ABC solutions available for any given situation. For example, the sixth-largest bank in the U.S, First Union, confirmed that the transition to ABC has not been without problems and there are still a number of constraints involved in tracking the profits that are generated by its new costing strategy. According to Bamber and Hughes (2001), "Part of the problem is that most banks haven't married their disparate computer systems. While one database may track how many times a customer visits ATMs, how much the bank spends on marketing to get that person there might be in another system, with a third system estimating how much interest income an account generates" (p. 381). Given the vast array of services provided by Barclays today, together with their aggressive pursuit of international business through expansion and acquisition, the techniques provided by ABC can be applied to various cultural issues as well to help the company better refine its customer services and corporate responsibility initiatives to meet the unique needs of the new communities in which it will increasingly compete."
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Activity Based Costing, 2005.
An overview of activity based cost accounting and its benefits.
5,246 words (approx. 21.0 pages), 5 sources, MLA, £ 90.95
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Abstract
Activity Based Costing or (ABC), although not a completely new discipline within the accounting profession, is rapidly becoming one of the most popular avenues of study for business majors in the academic world. The paper shows that ABC is full of benefits, with few limiting factors and perhaps the fastest growing phase of accountancy in the world today. The spread of ABC into the European Union alone is creating fierce competition between U. S., British and German companies and foreign organizations for persons willing to go into the lucrative field.
This paper centers on ABC itself and does not go into comparative methodologies with older forms of Cost Accounting.
Paper Outline:
An Introduction to ABC
What is ABC and How Does it Work?
ABC: An Overview
Cost Drivers
ABC and the Dept. of Defense
ABC - The Navy Way
The Implementation Starting Point
Dept. of Defense - Final Recommendations for Implementation
Expanding the Concept - Another Success Story
16,000 Ideas for Change in 2 Months
Yet Another Success Story on a Grander Scale
Conclusions and Recommendations
Bibliography
From the Paper
"Early in 1994, Texas Commerce Bank launched a reengineering effort, called "Process Improvement," which included every organizational process and all 9,000 employees. Not only was the level of involvement unique, the bank structured and implemented "Process Improvement," without outside consultants. There were several goals of the program including, removing all employee frustrations associated with cumbersome policies, processes, services, or products; streamlining processes to improve quality and delivering improved service to customers and eliminating unnecessary expense."
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Activity Based Costing, 2002.
A look at the benefits of activity based costing.
650 words (approx. 2.6 pages), 3 sources, £ 18.95
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Abstract
This paper analyzes and argues that activity based costing is most appropriate for assigning costs to products for all types of organizations.
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Activity-Based Costing vs. Patient Safety, 2008.
This paper explores how activity-based costing (ABC) can be applied to the healthcare industry.
1,882 words (approx. 7.5 pages), 3 sources, APA, £ 41.95
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Abstract
The paper explains that activity-based costing (ABC) allows accountants to obtain a more precise view of the costs associated with specific products or services. This paper uses a case analysis to explore how ABC can help to achieve greater cost effectiveness in the healthcare industry. The paper concludes that although ABC can play an important role in reducing healthcare costs, little can be done to reduce direct costs associated with a procedure without a sacrifice of patient safety.
Outline:
Introduction
Objective of the paper
Analysis, Findings & Discussion
Suggestions, Recommendations & Conclusions
From the Paper
"Activity-Based Costing (ABC) allocates the costs of production to specific products or services. It is more precise than older methods of accounting that involved adding a broad percentage of expenditures to direct and indirect costs. The definitions of direct and indirect costs varied and were often a judgement call on the part of the accountant. ABC allowed accountants to obtain a more precise view of the costs associated with specific products or services."
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