It took just a short time for Activity-Based Costing (ABC) to be recognized as an innovative and potentially valuable costing methodology; yet it took another 20 years to reach its full potential. This article — by Peter B. B. Turney, PhD, of Cost Technology, Inc. — examines the evolution of ABC.

ABC is an alternative to traditional accounting in which a business' overheads (indirect costs such as lighting, heating, and marketing) are allocated in proportion to an activity's direct costs. This article from The Economist discusses the pros and cons of ABC.

Emily Brodeur of Focus Magazine notes that an ABC model that is slow to be updated or that cannot widely distribute its results is not going to be an effective decision support tool. The integration of ABC with an ERP system allows an organization to utilize an integrated technological solution, the ERP system, to populate and deliver the decision support information provided by ABC ...

In this report, Professors Granof, Platt, and Vaysman demonstrate how activity-based costing (ABC) can be used by executives to manage more effectively. This model can clearly be applied to government and nonprofit organizations, as well as to universities.

This document summarizes considerations that were deemed significant by members of the Accounting Standards Board (AcSB) in reaching its conclusions in developing the accounting standards for private enterprises. It sets out...

This webcast will outline the ways in which you can successfully implement analytics within both your organization and with external stakeholders. It will help you properly assess your organizational readiness for analytical decision-making, and provide you with the tools and strategy for implementation, so you can use the data you collect most effectively.

Your competitive advantage starts here! No matter what sector of business you’ve chosen as your focus, CGA-BC’s Professional Development seminars can help you take your career and your organization to new heights.

This document summarizes considerations that were deemed significant by members of the Accounting Standards Board (AcSB) in reaching its conclusions in developing the accounting standards for private enterprises. It sets out...