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BHP Billiton TDABC Managerial Accounting

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Added on  2020-05-16

BHP Billiton TDABC Managerial Accounting

   Added on 2020-05-16

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BHP Billiton TDABC Managerial Accounting_1
BHP Billiton TDABCExecutive SummaryThe system of ABC has been into implementation since 1980 and was a boon to the managersif the implementation is done in a proper manner. The implementation leads to accuracy in the data of the product cost that helps in taking valuable decisions. Going by the studies, it is reflected that the traditional ABC system has a major reliance on the employee survey of timespent on activities that are specified. In this present report, the major emphasis will be on the new concept that is the time driven activity-based accounting. TDABC rides on various advantages and the same are discussed in the report with a focus on BHP Billiton, listed on the ASX.2
BHP Billiton TDABC Managerial Accounting_2
BHP Billiton TDABCTable of ContentsIntroduction...........................................................................................................................................3a.Depiction of the Clients firm..........................................................................................................4b.A description of the TDABC and its features..................................................................................5c.Differences between Traditional costing system, TDABC and ABC................................................6d.Evaluation of whether the TDABC is appropriate for client’s company.........................................8Conclusion...........................................................................................................................................10References...........................................................................................................................................113
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BHP Billiton TDABCIntroductionIn the present scenario, it is imperative for the managers to have a strong control over the elements of cost. Hence, the managers need to be aware of the updated methods as it will help in tracking the changes that occur in the due course of time. The size of the firm is irrelevant in this regard because a business might be big or small but the element of cost and cost control should be a priority to attain a better result. In the present report, the major emphasis will be on TDABC as this system is an updated version and eliminates the frailties that are present in the traditional ABC system (Drury, 2013). The main purpose of the currentstudy is to highlight the features of TDABC and the manner in which the new system will be implemented in BHP Billiton. Further, a differentiation will be done from the ABC model costing system shedding light on the selected company that is BHP Billiton. TDABC scores over other forms of costing method such as it is not time-consuming and is subjective in nature. The main benefit that can be accrued is that simple estimates can be made and can be developed depending on the process of direct observation.4
BHP Billiton TDABC Managerial Accounting_4

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