logo

HI5017 Business Management Assignment - BHP Billiton

13 Pages2504 Words129 Views
   

Holmes Institute Sydney

   

Added on  2020-05-28

HI5017 Business Management Assignment - BHP Billiton

   

Holmes Institute Sydney

   Added on 2020-05-28

ShareRelated Documents
Running Head: Business Management1Business Management
HI5017 Business Management Assignment - BHP Billiton_1
Business Management2Executive summary:This paper defines the meaning and other aspects of the time-driven activity based costing, and itfurther states the reliability of this method of costing in the private organizations. For preparing this report and for analyzing the reliability of this costing technique, we use BHP Billiton as the case study. It is the simple technique which helps the organization in achieving its target in more effective manner by removing the necessity of surveys and interviews for distributing the cost related to resources to the activities. This technique of costing removes the faults of the original model of activity based costing and also allocating the cost related to resources directly to the object of the costs.
HI5017 Business Management Assignment - BHP Billiton_2
Business Management3ContentsIntroduction:...............................................................................................................................................3Client Information:......................................................................................................................................4About TDABC:..............................................................................................................................................5Features of TDABC:..................................................................................................................................5Differences between TDABC & other costing models:.................................................................................6TDABC & ABC:..........................................................................................................................................6Traditional costing system & TDABC:.......................................................................................................7TDABC for Client:.........................................................................................................................................8Conclusion:..................................................................................................................................................9
HI5017 Business Management Assignment - BHP Billiton_3
Business Management4Introduction:There are number of elements which creates unnecessary burden for the business units such as providing quality of goods and services at lower cost to the consumers. These elements includes high cost related to information, high demand in context of services related to digital, economic slowdown, etc.. It becomes necessary for the management of the organization to understand the aspects related to costs and other participation of costs in the organization for evaluating the role of these elements in the organization and use these elements in the favor of the organization (Kaplan & Anderson, 2003). Cost management introduces various techniques, and one of the most reliable techniques of the cost management is the Time-Driven Activity-Based Costing (TDABC). TDABC is considered as important technique of the cost management because it helps the business organization in the development of the exact cost information related to various activities performed in the business unit. TDABC is not a new technique but it is the improved version of the original model of the costing that is Activity based costing (ABC). Business organizations required this improved version because of the shortcomings of the original ABC model. It becomes difficult for the management to apply this traditional model of costing in their organizations as it involves the high cost in context of interviews and surveys of the people.
HI5017 Business Management Assignment - BHP Billiton_4

End of preview

Want to access all the pages? Upload your documents or become a member.

Related Documents
Traditional Costing System & TDABC
|12
|2665
|116

BHP Billiton TDABC Managerial Accounting
|12
|2861
|72

The Cost Management System of Organizations
|11
|2484
|76

Report on TDABC model in Private Organization
|12
|2522
|88

Managerial Accounting Assignment - Woolworths Limited
|13
|2938
|162

Report - Accounting for Managers
|11
|2793
|128