• Activity Based Costing
https://store.theartofservice.com/the-activity-based-costing-toolkit.html
Enterprise resource planning Functional areas
Budgeting, costing,
cost management,
activity based costing
1
https://store.theartofservice.com/the-activity-based-costing-toolkit.html
Storyboarding - Business
1
Storyboards also exist in accounting in the
ABC System(Activity Based Costing System)
to develop a detailed process flowchart which
visually shows all activities and the
relationships among activities. They are used
in this way to measure the cost of resources
consumed, identify and eliminate non-valueadded costs, determine the efficiency and
effectiveness of all major activities, and
identity and evaluate new activities that can
improve future performance.
https://store.theartofservice.com/the-activity-based-costing-toolkit.html
Human capital - Risk
When human capital is assessed by
activity based costing via time allocations
it becomes possible to assess human
capital risk
1
https://store.theartofservice.com/the-activity-based-costing-toolkit.html
Tax deduction - Cost of goods sold
1
*Methods for attributing common costs, such as
factory burden, to particular goods.Among the
methods commonly used are: i) factory burden
rate, in which overhead costs are assigned to
goods produced based on labor hours or labor
dollars; ii) standard costs, in which a cost
including overheads is periodically determined for
each type of goods and inventory and cost of
goods sold are adjusted periodically for variances
of actual costs from such standards; and iii)
activity based costing, in which costs are assigned
based on factors which drive the incurrence of
such costs
https://store.theartofservice.com/the-activity-based-costing-toolkit.html
ERP software - Functional areas
1
* Management accounting: Budgeting, costing, cost
management, activity based costing
https://store.theartofservice.com/the-activity-based-costing-toolkit.html
IT cost transparency
IT cost transparency combines
elements of activity based costing,
business intelligence, operational
monitoring and performance
dashboards. It provides the system on
which to implement ITIL v3|ITIL v3
Financial Management guidelines to
assist with ITSM|Financial Management
for IT services and is closely related to
IT Service Management.
1
https://store.theartofservice.com/the-activity-based-costing-toolkit.html
Activity-based costing - Historical development
Activity based costing, even though
originally developed for manufacturing,
may even be a more useful tool for
doing this.Sapp, Richard, David
Crawford and Steven Rebishcke Article
title? Journal of Bank Cost and
Management Accounting (Volume 3,
Number 2), 1990.Author(s)? Article
title? Journal of Bank Cost and
Management Accounting (Volume 4,
Number 1), 1991.
1
https://store.theartofservice.com/the-activity-based-costing-toolkit.html
Activity-based costing - Application in routine business
A report summarizes reasons for
implementing ABC as mere
unspecific and mainly for case study
purposes[
http://www.meditari.org.za/docs/200
7v2/2%20Sartorius,%20Eitzen%20%20
Kamala%20%20art%208%20%20Vol%2015%20No%202%202007.pdf
The design and implementation of
Activity Based Costing (ABC): a South
African survey] (in alphabetical
order):
1
https://store.theartofservice.com/the-activity-based-costing-toolkit.html
Activity-based costing - Public sector usage of ABC
Usage in the US Marine Corps started in
1999.[http://www.marines.mil/news/messages/Pages/
MARINECORPSACTIVITYBASEDCOSTING%28ABC
%29.aspx MARINE CORPS ACTIVITY BASED
COSTING (ABC)
][http://www.cfonet.com/article.cfm/3007694 ActivityBased Costing
(ABC)][http://goliath.ecnext.com/coms2/gi_019849918/SAS-helps-Marine-Corps-budgets.html SAS
helps Marine Corps budgets get
lean][http://www.thefreelibrary.com/Energizing+cost+a
ccounting%3A+Marine+Corps+financial+managers+co
nduct+a...-a0159963717 Energizing cost accounting:
Marine Corps financial managers conduct a thorough
analysis]
1
https://store.theartofservice.com/the-activity-based-costing-toolkit.html
Storyboards - Business
1
Storyboards also exist in accounting in the
ABC System (Activity Based Costing System)
to develop a detailed process flowchart which
visually shows all activities and the
relationships among activities. They are used
in this way to measure the cost of resources
consumed, identify and eliminate non-valueadded costs, determine the efficiency and
effectiveness of all major activities, and
identity and evaluate new activities that can
improve future performance.
https://store.theartofservice.com/the-activity-based-costing-toolkit.html
Cost of goods sold - Cost of goods made by the business
Determining overhead costs often
involves making assumptions about what
costs should be associated with
production activities and what costs
should be associated with other activities.
Traditional cost accounting methods
attempt to make these assumptions based
on past experience and management
judgment as to factual relationships.
Activity based costing attempts to
allocate costs based on those factors that
drive the business to incur the costs.
1
https://store.theartofservice.com/the-activity-based-costing-toolkit.html
Managerial finance - Role of managerial accounting
Managers also need to look at how
resources are allocated within an
organization. They need to know what
each activity costs and why. These
questions require managerial
accounting techniques such as
activity based costing.
1
https://store.theartofservice.com/the-activity-based-costing-toolkit.html
Information audit - Buchanan and Gibb
*Account for cost of IR and related
services using Activity Based Costing
(Activity-based costing|ABC) and Output
Based Specification (OBS).
1
https://store.theartofservice.com/the-activity-based-costing-toolkit.html
Cost driver
The Activity Based Costing (ABC)
approach relates indirect cost to the
activities that drive them to be incurred.
1
https://store.theartofservice.com/the-activity-based-costing-toolkit.html
Cost driver
1
Activity Based Costing is based on the
belief that activities cause costs and
therefore a link should be established
between activities and product. The
cost drivers thus are the link between
the activities and the cost.
https://store.theartofservice.com/the-activity-based-costing-toolkit.html
Cost object
The use of cost objects is very
common with activity based costing
systems.
1
https://store.theartofservice.com/the-activity-based-costing-toolkit.html
Activity based costing - Application in routine business
A report summarizes reasons for
implementing ABC as mere unspecific
and mainly for case study
purposes[http://www.meditari.org.za/do
cs/2007v2/2%20Sartorius,%20Eitzen%2
0%20Kamala%20%20art%208%20%20Vol%2015%20No%202%202007.pdf
The design and implementation of
Activity Based Costing (ABC): a South
African survey] (in alphabetical order):
1
https://store.theartofservice.com/the-activity-based-costing-toolkit.html
Cost to serve
The product and customer profiles
are often illustrated using a Pareto
analysis curve which highlights those
that contribute most to the company's
profit and those that erode it.Unlike
Activity Based Costing (ABC), Cost to
Serve is not resource-intensive and
focuses on aggregate analyses around
a blend of cost drivers.
1
https://store.theartofservice.com/the-activity-based-costing-toolkit.html
For More Information, Visit:
• https://store.theartofservice.co
m/the-activity-based-costingtoolkit.html
The Art of Service
https://store.theartofservice.com