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One of the questions managers ask when deciding for a ABC/M implementation is, what is the ROI on an ABC/M Project? In other words: How much is this going to cost? Does it fit in with the budget? When are we going to see results? When are we going to recover the...
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.
Contrary to common belief, Conventional Accounting is not the reporting tool managers need for better decision making. It is merely a transaccional methodology while ABCosting is the perfect analytical tool for cost control and profitability analysis. ABCosting Vs....
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.
Conventional accounting was created more than 50 years ago. ABCosting was created with a practical approach to cost analysis for internal management.