Implementing Activity-Based Costing in Viva Energy: A Management Accounting Analysis

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Managerial Accounting

Viva Energy
Executive Summary
The system of management accounting has undergone immense change. New and varied
techniques came to the forefront. Going by the changes and development in the nature of cost
accounting, the organization even underwent a major change in the selection of costing methods
and technique. In this report, Viva Energy REIT listed on the ASX is selected for the purpose of
the study. The ABC model is studied in the light of Viva Energy RET and the benefits derived
through it is studied in an in-depth manner followed the alternate method of cost accounting.
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Viva Energy
Contents
Introduction.................................................................................................................................................3
Business profile and strategy.......................................................................................................................3
Explanation of ABC model and its features:................................................................................................3
Catering of ABC model with current goals and strategy of the company....................................................6
Explanation of how ABC model assists in attaining the strategies...............................................................6
Recommendations for the implementation of ABC model for the company..............................................7
Other management accounting tool for the company................................................................................7
Conclusion...................................................................................................................................................8
References...................................................................................................................................................9
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