Conventional accounting was created more than 50 years ago. ABCosting was created with a practical approach to cost analysis for internal management.
The real crisis is in the destruction of Value that unfounded radical measures and layoffs generate. On the long term the organization will take many years to recover the lost Value, if they recover at all, concluding that it was not a wise decision.
Enterprise Resource Planning (ERP) systems are essential to properly administre manufacturing type of organizations. ABCosting systems can use the same operational information an interpret it from the financial perspective.