MBA Depot - Adding Time to Activity-Based Costing

Determining a company's true costs and profitability has always been difficult, although advancements such as activity-based costing (ABC) have helped. Professor Robert Kaplan and Acorn Systems' Steven Anderson offer a simplified system based on time-driven ABC that leverages existing enterprise resource planning systems.

See Related:

Business Concepts/Study Guides
Management Tools & Techniques
Manufacturing Masters Its ABCs
What Are the Measures That Matter?
The ABB Edge
Better than Plan: Managing Beyond the Budget
Introduction to Activity Based Costing (ABC)
Enriched Performance Data
Activity-Based Costing in the Info Age, Part I
Rethinking Activity-Based Costing
Profit-Margin Math: Leveraging ABM Data for Exceptional BPM Results
Seeing Activity-Based Costs
Activity-Based Power App
Ten Myths that Create Barriers to the Implementation of Activity-Based Cost Systems
When Less Is More
Clearing the Capacity Cobwebs
Top Down vs. Bottom Up
The Speed-Reading Organization
Shared Services Steps Up
Shared services may be an ideal candidate for ABC/M pilot programs
Where Are You on the ABC Learning Curve?
The Basic Principles of Building ABM Models
Success x 2
Running an activity-based analysis through the Scorecard provides an accurate cost and profit picture and enhances the ScorecardÂ’s ability to connect with operations. And the Scorecard prevents companies from drowning in ABC/M detail.
Comparison Shopping for ABC/M Software
ABC/M applications look similar, but the inconspicuous differences between them can have a substantial effect on usersÂ’ day-to-day operations. Here are some things to consider when shopping for an ABC/M solution.
The A to Z of ABC Dictionaries
Activity-based costing initiatives can easily go awry if everyone isnÂ’t using commonly understood terms. But creating a reference guide requires arriving at a consensus on what each definition should be Â— a challenge that would make Noah Webster wince.
Cost Terminology in the 21st Century: Using Direct Labor Cost in a Costs vs. Resources Framework
Updating the traditional treatment of cost terms can improve business decisions.

Subject(s): Finance, Management

Source(s): HBS Working Knowledge

Author(s): Sarah Jane Gilbert

Posted: 2007-07-22

# Views: 49

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