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Managerial Accounting Assignment | Costing System

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Added on  2020-05-16

Managerial Accounting Assignment | Costing System

   Added on 2020-05-16

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Running head: MANAGERIAL ACCOUNTINGManagerial AccountingName of the Student:Name of the University:Author Note
Managerial Accounting Assignment | Costing System_1
1MANAGERIAL ACCOUNTINGExecutive SummaryThe Time-Driven Activity Based Costing System (TDABC) is a modern budgetingsystem that aims to simplify the entire process of costing. This particular study aims to focus onevaluating the suitability of the Time-Driven Activity Based Costing System from theperspective of a graduate consultant, who has been employed in a management consultancy firm.The particular assumption that has been undertaken is one of the major clients of the firm hasbeen Boral Limited. Boral Limited is one of the top manufacturing firms of the nation. The particular observation in case of the evaluation has been that the TDABC simplifiesthe costing process by removal of the essential processes like surveying and interviewing theemployees for carrying out the apportioning of the costs in regards to the resources that areassociated with the particular activities. It also has been found out that this new system of costingalso suitable to work alongside with customer relationship management and enterprise resourceplanning.
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2MANAGERIAL ACCOUNTINGTable of ContentsIntroduction......................................................................................................................................3Description of Boral Limited...........................................................................................................3Time-Driven Activity Based Costing (TDABC) – its concepts and features..................................3Differences between TDABC, activity based costing and traditional costing systems...................5Traditional Costing System.........................................................................................................5Activity Based Costing................................................................................................................5Time-Driven-Activity-Based Costing (TDABC) system:...........................................................6Appropriateness of TDABC to Boral Limited.................................................................................6Conclusion.......................................................................................................................................7References and Bibliography...........................................................................................................8
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