Activity-Based Costing (ABC) - Advantages and Disadvantages

Activity-Based Costing (ABC) - Advantages and Disadvantages
Author :
Publisher : GRIN Verlag
Total Pages : 34
Release :
ISBN-10 : 9783638750837
ISBN-13 : 3638750833
Rating : 4/5 (833 Downloads)

Book Synopsis Activity-Based Costing (ABC) - Advantages and Disadvantages by : Hakan Goektuerk

Download or read book Activity-Based Costing (ABC) - Advantages and Disadvantages written by Hakan Goektuerk and published by GRIN Verlag. This book was released on 2007-10 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: Seminar paper from the year 2005 in the subject Business economics - Accounting and Taxes, grade: 1,6, Lancaster University, course: Management Accounting, 10 entries in the bibliography, language: English, abstract: In this report I will show how activity-based costing (ABC) can be applied to a department of a major institution such as a University. Large universities may maintain and follow complex and rigid accounting systems. However, the systems are almost always based on a form of fund accounting and are intended to satisfy legal and donor stipulations rather than to provide information for administrative decisions. In this report I show how activity-based costing (ABC) can be applied to institutions of higher education and, I believe, can result in improved information of benefit to academic administrators, legislators, voters and consumers. The report also analyses an example related to the degree at the university which follows with the appropriateness of using this system by the university. The Advantages and Disadvantages of activity-based costing are also investigated in this report and therefore, will provide a disclosure for the University board in terms of the usage of ABC.

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