Available:*
Library | Item Barcode | Call Number | Material Type | Item Category 1 | Status |
---|---|---|---|---|---|
Searching... | 30000005025188 | HF5686.C8 B74 1991 | Open Access Book | Advance Management | Searching... |
On Order
Summary
Summary
New costing procedures for a new economic age
Increasing global competition is causing upheaval in every area ofindustry and commerce. An explosion in the use of advancedtechnologies is continuing to fundamentally revolutionize the waywe go about doing business. These factors are in turn drivingdramatic reductions in product life cycles (the average productlife cycle is now well under five years) and exerting tremendouspressure on profit margins. The effect has been to substantiallychange cost structures with their traditional focus on direct laborand arbitrary allocation of overhead. Yet we continue to measurecost in the old way.
Now, here's a book that shows you how to update your accountingprocedures in order to effectively accommodate these significantchanges. Step by step, Activity Accounting: An Activity-BasedCosting Approach describes activity accounting in a clear, concisemanner. It emphasizes the strengths and benefits of anactivity-based approach to business management and demonstrates howyou can apply activity accounting to your organization.
Activity-based accounting is an essential tool for running yourbusiness in the 90s. This book is a must-have tool for learning howto master it.
Author Notes
JAMES A. BRIMSON is the founder of ABM Institute and a recognized leader in cost management.
Reviews 1
Choice Review
Part of the "Wiley/National Association of Accountants Professional Book Series" (The NAA has since become the Institute of Management Accountants), this volume is aimed at practicing accounting and financial executives and advocates revolutionary changes in traditional cost accounting systems. A traditional system tends to measure costs according to the organization's departmental structure and to allocate overhead to products rather crudely based on labor hours or costs. Activity costing attempts to trace many more costs directly to "activities" and "processes," thereby getting more useful information for decisions (e.g., decisions to make or buy or set selling prices). Brimson is skeptical of the notion that sunk costs are irrelevant for decisions. He emphasizes that all costs are controllable over some time span and that traced past costs can be useful, especially when information about probable future costs is limited. Nine of the ten chapters include "activity" in their title, reflecting the strong focus on defining, identifying and implementing an activity costing system. Useful glossary, limited index. Appropriate for upper-division undergraduate and graduate collections.-G. E. Philips, University of New Mexico
Table of Contents
Activity Accounting and Enterprise Excellence |
The Changing Business Environment |
Activities, Activity Accounting, and Cost Management |
Why Activities |
Activity Analysis |
Activities of an Industrial Enterprise |
Activity Cost |
Calculating an Activity Cost |
Tracing Activity Cost |
Activity Product Cost |
Glossary |
Index |