Posted in Community :
Activity Based Costing and Management
Activity Based Costing and Management
Tags :
Activity based costing, activity based management, ABC, ABM, ABCM, Costing, India, Consuting
Industry :
Management & Strategy Consulting
Functional Area : Performance Management |
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About "Activity Based Costing and Management" topic:
Concpets, benefits, knowledge, experience, myths, questions about Activity Based Costing and Management
2 insight
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on topic: "Activity Based Costing and Management"
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This is an old saying that keeps on coming back to my mind every now and then. This is because there are discussions going on Activity Based Costing (ABC) lately. These discussions are happening in person, workshops, networking sites on the Internet. The talks are about the results that it provides and the requirement of data for creating and maintaining the ABC models. It is now well known to the people that having an ABC system would provide a better understanding of the costs and hence the profitability of the products or customers. But at the same time they are worried about the efforts that they have to put to collect the data. It is true that, this requires some efforts to create the ...
Insight: "Incremental progress is better than delayed, or unattained, perfection" deleted from your view.
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Yes, it is necessary.
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No, it is too difficult.
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Hans-Gerlach Woudboer
| Argues in support of
"Yes, it is necessary."
| 2 years ago
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YES!! necessary but not sufficient! Key is to build and live up to a sustainable Multi Dimensional Activity Based Costing System which is linked with an easy to use semi automatic update process. It is important that all costs are linked and...
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Debate: "Activity Based is necessary in current economic ocndition to understand product and customer profitability in a better way" deleted from your view.
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buy doing any software it will not achive
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then how to measure the exact duration
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Khan Igen
| Argues in support of
"buy doing any software it will not achive"
| 1 year ago
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how to decide per day how much will be going complited by men or machine are there any std. methods to calculate it
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Debate: "time required for constructionn activities" deleted from your view.
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What Indian Business Education don’t provide for the Environment. Value generated and transacted in Business is the hallmark and pillar of the skill generated from a Business education. A business when it sell products in India, they don’t worry about the affordability of their wares by the masses let alone functionality which may be part of it. A business incurs around 40% of fixed cost component along with may be 30% variable cost and probably the rest as ‘conversion cost’. What Business education teach us and what is followed in Efficient economies is they fix a breakeven point say 100 units of sale. These 100 units will provide the years cost incurred. After this point they will start ...
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Mathew Cherian
| Commented
| 1 year ago
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One cannot leave out corporate governence issues as a 'paradox' in the environment, the confusing branching as to which branch one should choose. That in itself is an absurdity to be present in an economy which threaten the sane progress of a...
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akshaya bhatia
| Commented
| 1 year ago
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Good insight,.. it is more related to a rigid policy that accounts for imbalances in the various individual means of earnings in relation to instincts of spending among different strata of people coupled with the lack of social security on every...
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Insight: "What Indian Business Education don't provide for the Environment !!!" deleted from your view.
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