Activity Based Costing: The Key to World Class Performance

Accounting results have little to do with the activities that take place on the factory floor, in administrative offices or out in the sales field. The traditional practice of accounting leads to a number of faults which end up weakening American businesses. Two of the most prominent problems are:

The emphasis on financial measurements diverts us from improvement.
Traditional cost systems hinder excellence by hiding the elements of cost.

Activity Based Costing (ABC) helps your organization search out cost drivers and assign them directly to products and services, so that you know exactly how much each costs. All too often, our businesses are putting time and effort into projects which are losing money because overhead is under-applied.

Activity Based Costing shows you how to monitor and control activities in order to bring true costs into the open. This attention to the production line will inevitably result in savings to your bottom line. Each chapter focuses on an important facet of this new costing paradigm. You will find out how to:

Recognize the changes required to make your organization less wasteful and more competitive.
Identify the components of Total Cost and cost activities, the foundation of achieving World Class status.
Develop the product/service cost equation.
Streamline your organization into a World Class agile manufacturing environment.
Prepare cost accounting for technology changes.
Perform life cycle costing - from development to market satisfaction.
Guarantee continuous improvement.
Implement Activity Based Costing.

Companies around the world are discovering that Activity Based Costing is the engine that will drive all future improvement efforts. Read this book to see how they are putting their ideas into action.