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

Language: English

Published by GRIN Verlag Apr 2010, 2010

364058662X / 9783640586622

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Seller: BuchWeltWeit Ludwig Meier e.K., Bergisch Gladbach, GermanyBuchWeltWeit Ludwig Meier e.K.

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This item is printed on demand - it takes 3-4 days longer - Neuware -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, language: English, abstract: Every accounting student of the past sixty years has learned about inventory costing- a bookkeeping procedurethat manufacturing accountants follow to separate the production expense of an accounting period from the costof 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 managerialdecision making though. It oversimplifies the consumption of overhead costs byproducts, 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 theconcept 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 accounttingand describe possible improvements. In part three the developments of ABC in the last 20years are described by reviewing a choice of important literature. Part four then shows theimpact that ABC had on implementing companies. The conclusion, part five, contains anassessment of the used literature and an evaluation of whether the critic of traditionalmanagement accounting has been overcome by ABC. 16 pp. Englisch.

Seller Inventory # 9783640586622

Title
Activity-Based costing and its later development into activity based budgeting and management
Author
David Wagener
Publisher
GRIN Verlag Apr 2010
Publication year
2010
Condition
Neu
Binding
Taschenbuch
Language
English
ISBN 10
364058662X
ISBN 13
9783640586622
Item weight
40 grams
Dimensions
210x148x2 mm

BuchWeltWeit Ludwig Meier e.K.

Bergisch Gladbach, Germany

5-star seller

AbeBooks seller since January 11, 2012

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BuchWeltWeit Ludwig Meier e.K.

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