Activity-based Cost Management: An Executive's Guide by Gary Cokins

By Gary Cokins

Proven process for lowering construction and working bills whereas expanding earnings

As the expansion of the net shifts strength to shoppers, the strain on businesses to maintain costs low will proceed to mount. more and more enterprises are hoping on ''margin management'' and provide chain administration as a way of maintaining costs low whereas elevating gains. Activity-based costing and administration (ABC/M) info is vital to succeeding in either those severe administration techniques. This e-book explains how executives can successfully use the data provided by means of state of the art ABC/M structures. the writer, an said professional within the box, truly defines the ABC/M process and explains the best way to use the knowledge it offers for most sensible effects. He offers a rational framework for figuring out the fifteen key defining features of ABC/M and hands readers with an ABC/M Readiness review try besides tremendous hassle-free exhibits.

Gary Cokins (Far Bingham Farms, MI) is Director of family members at ABC applied sciences, the world's major provider of activity-based info software program. he's an across the world famous professional, speaker, and writer.

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Extra info for Activity-based Cost Management: An Executive's Guide

Example text

By further separating the five elements of cost measurement and uses listed above into their individual parts, we can understand the landscape of managerial accounting. We can visit some of the terminology and highlight key issues. Using this overarching view, I discuss how managerial accounting involves information systems integration with an ultimate application for assessing performance (organizational execution) and for forecasting costs (strategic and operational planning that supports profit margin management and resource management).

Human Resources Department $100,000 Primary Activity: To recruit employees Dept. 5 $ 50,000 Current Allocation $ 50,000 Departments A and B Cost Allocations resources (HR) department. The other two departments are Department A and Department B—and pretend that YOU are the manager of Department B. I am interested in what the charge-back costs of the HR department should be to your Department B. That is, what would your cost allocation from HR be given the following facts? Assume the HR activity for “recruiting new employees” is $100,000 (they do other work activities, but we are focusing ONLY on this activity cost).

Educators A few university faculty began to realize that traditional cost allocations were not adequately causal-based. Often the methods used were political or simply convenient. Professor Robert S. Kaplan of the Harvard Business School received the most attention (and was my personal trainer when he contracted with KPMG Peat Marwick to implement ABC/M systems). However, it is useful to realize that Professor Kaplan did not invent ABC/M; he was a loud voice advocating that organizations apply it.

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