In the classroom, activity-based costing (ABC) looks like a great way to manage a company's limited resources. But executives who have tried to implement ABC in their organizations on any significant scale have often abandoned the attempt in the face of rising costs and employee irritation. They should try again, because a new approach sidesteps the difficulties associated with large-scale ABC ...

in today’s competitive market, an agency is successful which by considering the needs of the clients and the capabilities of its staff, presents products and services which both decreases the costs and expenses and is of high value in the eyes of its clients. for reaching these goals, the simultaneous use of product cost management and quality management systems, which are regarded as target co...

Britain's drive to put universities on a different funding base, which is also a key issue in many other countries scrutinising their higher education sector, continues to force major changes to traditional practice. One of the latest moves is to introduce measures to allow universities to estimate the full economic cost of its research projects, so that they are fully aware of these and can th...

To realize an effective cost control, a practical and accurate cost accounting system is indispensable in hospitals. In traditional cost accounting systems, the volume-based costing (VBC) is the most popular cost accounting method. In this method, the indirect costs are allocated to each cost object (services or units of a hospital) using a single indicator named a cost driver (e.g., Labor hour...