The ABCs of Activity-Based Cost Accounting for a Distribution Business
- Topics:
- Strategic Management Tools
- Tags:
- ABC Inc.,
- Accounting,
- Activity Based Costing,
- Finance,
- Managerial Accounting,
- Value Associates
- Source:
- Value Associates
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Overview: Article discusses about Activity-Based Costing, which is a “new” strategic cost and profitability management tool that can provide distributor warriors with information on “existing” products, customers, and operations. Traditionally, distributors have either sold their way to profitability (via growth strategies) or saved their way to profitability (via lean and mean strategies). Activity-Based Costing (ABC)—a methodology for gathering cost data—and Activity-Based Management (ABM)—the practice of using ABC data to manage a process-based organization—are new tools for distributors to inform their way to profitability. This article also answers the question on how one can implement ABC/M in a company?
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Format: PDF | Size: 233KB | Date: Jan 2003 | Pages: 14
