Generally accepted accounting principles require that businesses assign all costs of production to the products they make. This cost assignment process occurs through the use of a traditional costing ...

Activity based costing (ABC) is an accounting technique that aims to clarify exactly how and where a company makes its profit. ABC assigns costs to all the resources needed to carry out a particular ...

Activity-based costing is an improved method for allocating overhead costs. Instead of using one factor for cost allocation, this new method focuses on different aspects of the production process and ...

Daniel Liberto is a journalist with over 10 years of experience working with publications such as the Financial Times, The Independent, and Investors Chronicle. Michael Boyle is an experienced ...

The use of traditional accounting has been criticised (Johnson and Kaplan, 1987; Cooper and Kaplan, 1988) for its inaccuracy in measuring product cost and customer profitability. Accuracy in cost ...

HOUSTON, June 9 /PRNewswire/ -- With a strong track record among major North American based corporations, Acorn Systems' leading profit improvement and Activity Based Costing solutions are now ...