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Driving Value Using Activity Based Budgeting
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Book Synopsis Driving Value Using Activity-Based Budgeting by : James A. Brimson
Download or read book Driving Value Using Activity-Based Budgeting written by James A. Brimson and published by John Wiley & Sons. This book was released on 1999 with total page 296 pages. Available in PDF, EPUB and Kindle. Book excerpt: In today's highly pressurized business environment, creating value is the number one priority for organizations. The key to achieving this is having a budget and accounting system that supports long-term goals. More and more organizations are now turning to activity-based budgeting (ABB), an innovative approach that can help organizations become more competitive by linking the budgeting process to organization strategy. Explaining the importance of budgeting by activities rather than by cost elements, this resource is a practical how-to that covers the essentials of Driving Value Using Activity-Based Budgeting.
Book Synopsis Activity-Based Costing and Its Later Development Into Activity Based Budgeting and Management by : David Wagener
Download or read book Activity-Based Costing and Its Later Development Into Activity Based Budgeting and Management written by David Wagener and published by GRIN Verlag. This book was released on 2010-04-09 with total page 33 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Book Synopsis Accounting Best Practices by : Steven M. Bragg
Download or read book Accounting Best Practices written by Steven M. Bragg and published by John Wiley & Sons. This book was released on 2007-07-16 with total page 508 pages. Available in PDF, EPUB and Kindle. Book excerpt: Praise for Accounting Best Practices, Fifth Edition "For a comprehensive, yet easy-to-read guide to fixing those all-too-common shortcomings in your accounting department, look no further than this excellent book. Steve Bragg provides hundreds of fixes, many of them requiring surprisingly little time or cost while providing a handy guide to common implementation pitfalls . . . I would recommend this invaluable book to anyone who is looking to enhance their existing processes, whether due to growth in their business, compliance with Sarbanes-Oxley, or just as part of their ongoing improvement process." —Martyn Webster, CPA, Director of FinanceXenoPort, Inc. "This book is critical to running an efficient and accurate accounting department. The use of RFID technology to track documents is one of many valuable tools in this latest edition. A required read for the demanding accounting manager's role." —Jason Charet, CPA "I've used Steve Bragg's Accounting Best Practices books for years as a source of ideas for improvement. Like the previous editions, the Fifth Edition has a number of new, actionable best practices as well as refinements of those ideas reported in previous editions. The books are broad enough in their perspective so that nearly any organization could find ideas that could pay back the cost of the book many times over." —John Temmerman, Controller Evangelical Lutheran Church in America "What a great resource! I have been in the accounting field for over twenty years, and I was still able to gain insight into improving processes within my office. Thanks for putting it all in one book!" —Tina M. Thomas, CPA, CTP, Controller Goodman & Company, LLP
Book Synopsis Activity-Based Cost Management by : Gary Cokins
Download or read book Activity-Based Cost Management written by Gary Cokins and published by John Wiley & Sons. This book was released on 2002-04-22 with total page 385 pages. Available in PDF, EPUB and Kindle. Book excerpt: Bedingt durch das Internetzeitalter verlagert sich die Marktmacht mehr und mehr Richtung Verbraucher. Dadurch werden Unternehmen gezwungen, ihre Preise niedrig zu halten, wenn sie weiterhin wettbewerbsfähig bleiben und ihre Gewinne steigern wollen. Die Zauberformel, für die Verwirklichung dieses Ziels heisst: 'Activity-Based Costing and Management' (ABC/M) - das sich aus Prozesskostenrechung und Prozesskosten-Management zusammensetzt. Es liefert die Daten, mit deren Hilfe die beiden kritischen Managementstrategien - niedrige Preise und höhere Gewinne - erfolgreich umgesetzt werden können. Aber ABC/M liefert nicht nur ein genaueres Bild der Unternehmenskosten, sondern gleichzeitig wichtige Informationen, um bessere Entscheidungen zu treffen, höhere Gewinne zu erzielen und ein effektiveres Kostenmanagement zu betreiben. "Activity-Based Cost Management" ist ein praktischer Leitfaden, der speziell für Führungskräfte konzipiert wurde und anschaulich erklärt, wie ein ABC/M-Modell funktioniert, und wie man es schnell und problemlos in die Praxis umsetzt. Autor Gary Cokins, ein führender internationaler Experte auf diesem Gebiet, gibt Ihnen hier die Mittel an die Hand, ein effizientes ABC/M-Modell zu entwickeln und erfolgreich in Ihrem Unternehmen einzusetzen. Verständlich und unterhaltsam geschreiben. Ein maßgeblicher und unverzichtbarer Leitfaden zu einem topaktuellen Thema.
Book Synopsis The 123s of ABC in SAP by : Dawn J. Sedgley
Download or read book The 123s of ABC in SAP written by Dawn J. Sedgley and published by John Wiley & Sons. This book was released on 2018-04-16 with total page 443 pages. Available in PDF, EPUB and Kindle. Book excerpt: Incorporate the Benefits of Activity-Based Costing into the Efficiencies of Your SAP R/3 System Given SAP's dominance in the enterprise resource planning (ERP) market, many companies and their managers encounter SAP AG applications in some form or another. Many of these organizations have recognized the value of utilizing Activity-Based Costing/Management concepts to perform more accurate cost assignments or drive performance initiatives. Managers are then faced with trying to determine how Activity-Based Costing can be incorporated into the SAP environment. The 123s of ABC in SAP is the first book of its kind designed to help business managers understand the capabilities of the SAP R/3 business application to support Activity-Based Costing, Management, and Budgeting. Divided into three parts-the conceptual foundation, the capabilities of SAP ABC, and integration with other tools-the book provides readers with the following: * An explanation of how Activity-Based Costing can be used with SAP * Helpful hints for implementing ABC into SAP * Insights into the most common difficulties and potential solutions when implementing ABC into SAP * Summary tables that highlight key decisions to be made, implementation hints, and organizational challenges * Detailed descriptions of SAP software applications to support the Activity-Based Costing approach as well as the integration of SAP R/3 with Oros software * Examples of the tandem usage of Resource Consumption Accounting with Activity-Based Costing
Book Synopsis Activity Based Costing (Abc) Model for Higher Education Institutions by : Jamalludin Helmi Hashim
Download or read book Activity Based Costing (Abc) Model for Higher Education Institutions written by Jamalludin Helmi Hashim and published by Partridge Publishing Singapore. This book was released on 2019-10-28 with total page 129 pages. Available in PDF, EPUB and Kindle. Book excerpt: ACTIVITY BASED COSTING (ABC) MODEL FOR HIGHER EDUCATION INSTITUTIONS: A BASIC GUIDE TO THE MODEL DEVELOPMENT The rise of operating costs in Higher Education Institution all over the world forced concerns universities management to adopt a better costing system, i.e. Activity Based Costing (ABC). As evidently proven in many other setting, the benefits of ABC shall also apply to the higher education institutions (HEI) setting. The book presents a basic and step by step guide of the ABC model development process in HEI, which consist of three cost objects including Teaching and Learning, Research and Professional and Community Service. It also concludes the candidates of the possible “drivers” (resources drivers and activities drivers) which determine the accuracy of cost figure for every “cost object” in HEI and as a starting point towards the success.
Book Synopsis Measuring Supply Management’s Budget Effects by : Anna Quitt
Download or read book Measuring Supply Management’s Budget Effects written by Anna Quitt and published by Springer Science & Business Media. This book was released on 2010-09-24 with total page 268 pages. Available in PDF, EPUB and Kindle. Book excerpt: Based on practice-oriented and practice-relevant research methods, Anna Quitt, designs an integrated process for measuring supply management’s budget effects and develops Return on Spend as an innovative financial effectiveness indicator.
Book Synopsis A Comprehensive Guide to Budgeting for Health Care Managers by : Thomas K. Ross
Download or read book A Comprehensive Guide to Budgeting for Health Care Managers written by Thomas K. Ross and published by Jones & Bartlett Learning. This book was released on 2018-02-05 with total page 556 pages. Available in PDF, EPUB and Kindle. Book excerpt: Understanding budgeting goals, processes, and incentives are vital skills for health care managers as they are responsible for creating budgets and managing their departments within the established budget. However, many health care managers lack these basic skills. This book is a comprehensive examination of budgeting practices designed to provide students with the ability to construct budgets and analyze differences between actual financial results and the budget. Each chapter takes the reader through a step-by-step process to analyze systems, incorporate organizational goals into budgets, identify performance issues, and explore how budget systems impact behavior.
Book Synopsis Pricing for Profitability by : John L. Daly
Download or read book Pricing for Profitability written by John L. Daly and published by John Wiley & Sons. This book was released on 2002-07-15 with total page 288 pages. Available in PDF, EPUB and Kindle. Book excerpt: Bei der Festlegung eines Produktpreises gibt es drei Möglichkeiten. Wird der Preis zu hoch angesetzt, verkauft sich das Produkt schlecht; wird er zu niedrig angesetzt, wird die Arbeit unrentabel. Nur dann, wenn der Preis produktangemessen ist, schlägt sich dies in guten Absatzzahlen und entsprechendem Gewinn für das Unternehmen nieder. Ebenso wie Activity-Based Costing (ABC - auslastungsorientierte Kostenrechnung) und Activity-Based Management (ABM - Prozesskostenmanagement) die Kostenrechnung revolutioniert haben, liefert die Methode des Activity-Based Pricing (kostenorientierte Preisgestaltung) einen disziplinierten Ansatz für die Preisbestimmung. Activity-Based Pricing berücksichtigt die tatsächlichen Produktions- und Servicekosten, die mit Hilfe des Activity-Based Costing exakt ermittelt werden können. Auf diese Weise kann man den Preis für das jeweilige Produkt genau festlegen. "Pricing for Profitability" erläutert ausführlich, wie ABC- und ABM-Verfahren angewendet werden müssen, um eine Preisgestaltung mit maximaler Gewinnaussicht zu erreichen. Darüber hinaus werden auch Preisstrategien für absatzstarke/absatzschwache Produkte sowie für komplexe und einfache Produkte diskutiert, die sich vom "Durchschnitt" abheben. "Pricing for Profitability" - Ein nützlicher Leitfaden für alle wettbewerbs- und gewinnorientierten Finanzleiter und Controller.
Book Synopsis Preparing and Defending Your Training Budget by : Lianabel Oliver Bigas
Download or read book Preparing and Defending Your Training Budget written by Lianabel Oliver Bigas and published by Association for Talent Development. This book was released on 2014-08-21 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: Budget time doesn’t have to be painful. Instead, it can be a valuable time to examine your training programs and look for ways to improve. In “Preparing and Defending Your Training Budget,” Lianabel Oliver Bigas explains how to plan first and budget later so that your budget reflects your expectations and hopes for the coming year. This practical guide leads you through the planning process so that you can create a budget that is easy to defend to your organization’s leaders. This issue of TD at Work includes: · questions to ask when planning · suggested performance metrics · tips for defending your budget · guidance for specific line items · a sample expenditure chart · a template for documenting your work plan.
Book Synopsis The Routledge Companion to Cost Management by : Falconer Mitchell
Download or read book The Routledge Companion to Cost Management written by Falconer Mitchell and published by Routledge. This book was released on 2013-08-22 with total page 596 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over the last two decades, cost management has been an area of dynamic change and development. This is evident in the extensive inventory of new, high-profile techniques that have emerged. With cost management now firmly established as a distinct sub-discipline within management accounting, The Routledge Companion to Cost Management is a timely reference volume covering both practical developments and research in this area. Topics covered include: Cost control issues Cost analysis and decision making Cost management systems Environmental cost management With chapters from an international team of contributors, this prestigious companion will prove an indispensible addition to any library with aspirations of keeping up-to-date with the world of accounting.
Book Synopsis EBOOK: Cost Management: Strategies for Business Decisions, International Edition by : Marc Wouters
Download or read book EBOOK: Cost Management: Strategies for Business Decisions, International Edition written by Marc Wouters and published by McGraw Hill. This book was released on 2012-07-16 with total page 899 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is an adaptation of the successful US text Cost Management by Hilton, Maher and Selto, written specifically for an international audience.Major improvements include:Diverse and truly international examples of organizations - Examples used throughout the book are from all over the world and represent manufacturing, retail, not-for-profit, and service firms in many different countries. Completely restructured and rewritten text - The book has been rewritten, restructured and also shortened significantly to align content closer with international courses. Integral use of spreadsheets - Spreadsheet software is used for explaining techniques and making applications more realistic. In depth research - Summaries of international research studies that address important cost management issues have been updated and more references to recent research findings have been added. Intuitive explanation of accounting - The authors show directly how events impact the balance sheet and profit and loss account.
Book Synopsis Activity Based Costing by : Andreas Leitner
Download or read book Activity Based Costing written by Andreas Leitner and published by GRIN Verlag. This book was released on 2007-09-27 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: Research Paper (undergraduate) from the year 2004 in the subject Business economics - Accounting and Taxes, grade: 2, Glyndŵr University, Wrexham known as NEWI (Business school), 5 entries in the bibliography, language: English, abstract: During the last decades there was a change in organisations from managing vertical to managing horizontal. The organisations started to become process orientated instead of function orientated, and new management styles, like total quality management, just in time, benchmarking, or business process reengineering appeared. Which lead into an increase of overheads. (Drury 2004a) The most important cost factors changed from direct costs like labour costs or materials, into indirect costs like set-up costs or administration costs. Therefore the traditional costing systems became more or less useless, because they presented poor cost information, which leads into decision errors. Therefore the ABC- system of cost calculation seems to be a solution. The most important difference between traditional systems, and the ABC system, is the breakdown of overheads. In traditional costing systems, they are divided into cost centres, and accumulated products by using direct cost drivers. In the ABC system, they will be assigned to activities, which creates a greater number of cost centres with different cost drivers. They will be accumulated to products in the percentage of usage of an activity. In this paper the ABC-system of cost calcualton is discussed and how it can be inplemented successfully within an organisation. Attention is also trwon to the most important failure in implementation of an ABC-approach, which should be avoided. To establish an ABC-approach within an organisation more than just a new calculation system is needed. An ABC-approach has to be implemented in the management system (ABM) and in the budgetting process (ABB). All in all, Activity based costing is much more than juast a costing tool. Successfully implemented it w
Book Synopsis Cost and Value Management in Projects by : Ray R. Venkataraman
Download or read book Cost and Value Management in Projects written by Ray R. Venkataraman and published by John Wiley & Sons. This book was released on 2011-08-26 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: Cost and Value Management in Projects provides practicing managers with a thorough understanding of the various dimensions of cost and value in projects, along with the factors that impact them, and the managerial approaches that would be most effective for achieving cost efficiency and value optimization. This book addresses cost from a strategic perspective, offering thorough coverage of the various elements of value management such as value planning, value engineering and value analysis from the perspective of projects.
Book Synopsis Cost Accounting in Government by : Zachary Mohr
Download or read book Cost Accounting in Government written by Zachary Mohr and published by Taylor & Francis. This book was released on 2017-04-21 with total page 169 pages. Available in PDF, EPUB and Kindle. Book excerpt: Managerial cost accounting is the financial and managerial tool that is used to estimate the organizational cost of products and services in business and government. In recent decades, cost accounting in the United States and other advanced industrial countries has been dominated by discussions of Activity Based Costing or ABC. While ABC can be shown to produce a more accurate estimate of cost than older and more basic types of cost accounting, ABC is not used extensively in many governments. We argue that this recent focus on ABC has stifled examination and discussion of how government cost accounting is being used and how it could be used in practice. The study of cost accounting practice reveals an important and underexplored area of financial management in government. Given the scandals that cost accounting estimates can create and that different types of cost accounting can create different estimates of cost it may be reasonable to ask whether the cost accounting exercise is worth it? Cost Accounting in Government: Theory and Applications addresses these unusual and unusually important topics through a series of studies of different government cost accounting practices. The first section of the book presents two chapters on the history and basic elements of cost accounting. The second section of the book provides further discussion and case studies of actual cost accounting practices in the main areas that cost accounting has been used in government: benchmarking the performance of government services, rate setting, grant overhead cost recovery, and cost management. The last two chapters discuss cost accounting practices in Europe and the future of cost accounting. These cases span local and federal governments and provide a much needed context to the study of cost accounting in government. Aimed at academics, researchers and policy makers in the fields of Accounting, Public Administration, and Government Studies, Cost Accounting in Government: Theory and Applications seeks to address the practical and theoretical gap in government cost accounting research with case studies of different public agencies that are using cost accounting for different purposes. The case studies illustrate that different purposes for cost accounting create unique and interesting cost accounting practices. The case studies provide useful examples of actual cost accounting systems that can inform both research and instruction
Book Synopsis Activity Based Management by : Brian Plowman
Download or read book Activity Based Management written by Brian Plowman and published by Routledge. This book was released on 2017-09-29 with total page 204 pages. Available in PDF, EPUB and Kindle. Book excerpt: This title was first published in 2001: Product and particularly customer profitability are black holes in most managers’ understanding of their business. Identifying customer revenue is easy but identifying what they cost - so we can understand whether or not they are profitable - is difficult. In a world in which competition, regulation and the increasing use of the Internet put ever greater pressure on margins it is vitally important to understand both product- and customer-profitability. Activity Based Management (ABM) enables you to do this. This book explains the power of using ABM to increase the profitability of your business. It provides step-by-step guidance on basic principles, comparisons between traditional methods, definitions of processes, activities and cost-drivers as well as details of data collection techniques and implementation steps. Through the book’s numerous detailed examples a logical picture builds up of how to obtain the benefits that ABM can deliver. On its own ABM will change management decision-making: by showing how ABM also supports other profit improvement initiatives such as Business Process Reengineering, Shareholder Value Added and Customer Relationship Management, managers will learn how they can use the best possible toolkit to put their business firmly on the road to leaps in profitability.
Book Synopsis Principles of Accounting Volume 2 - Managerial Accounting by : Mitchell Franklin
Download or read book Principles of Accounting Volume 2 - Managerial Accounting written by Mitchell Franklin and published by . This book was released on 2019-02-14 with total page 746 pages. Available in PDF, EPUB and Kindle. Book excerpt: A less-expensive grayscale paperback version is available. Search for ISBN 9781680922936. Principles of Accounting is designed to meet the scope and sequence requirements of a two-semester accounting course that covers the fundamentals of financial and managerial accounting. This book is specifically designed to appeal to both accounting and non-accounting majors, exposing students to the core concepts of accounting in familiar ways to build a strong foundation that can be applied across business fields. Each chapter opens with a relatable real-life scenario for today's college student. Thoughtfully designed examples are presented throughout each chapter, allowing students to build on emerging accounting knowledge. Concepts are further reinforced through applicable connections to more detailed business processes. Students are immersed in the "why" as well as the "how" aspects of accounting in order to reinforce concepts and promote comprehension over rote memorization.
