Preview

Economic Plan

Powerful Essays
Open Document
Open Document
1853 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Economic Plan
University College Dublin
National University Of Ireland, Dublin
Management Accounting
(MA)
MAIN ASSIGNMENT

NUID: BSc 14B Finance
Lecturer: Jane Cao
Name: Pham Thi Thanh Dung
Student Number: 10286411
Date of submission: Nov 28, 2011
I declare that all materials include in this essay/report/project/dissertation is the end result of my own work and that due acknowledgement have been given in the bibliography and references to ALL sources be they printed, electronic or personal.

Confirmation Certificate Congratulations!

You have successfully completed the Library Plagiarism Quiz.

Student Name: .....................................
Student Number: .................................
Date: ...................................................

THIS IS TO CERTIFY THAT (signature)……………………… HAS COMPLETED THE PLAGIARISM QUIZ

Remember that the confirmation certificate is a statement by you that you understand plagiarism and know how to avoid it. If you think that you do not understand plagiarism and how to avoid it after working through this tutorial, you should confer with your module coordinator, no matter what score you have obtained on the test.

Please print out this page and attach a copy of the certificate to the final page in all assignments you submit on each module as part of your programme
(It is your responsibility to print the certificate, complete the information, sign it, and keep a copy of it for your records)

Table of content I- Introduction

II- Approach 1- Current costing system

2- ABC system

III- Calculation

IV- Analyze the key figures calculated

V- Limitation of ABC system

VI- References

I- Introdution In today’s advanced manufacturing and competitive environment, accurate costing information is crucial for all the kinds of businesses, such as manufacturing firm and service firms. Activity-Based Costing system (ABC) has increasingly



References: Cokins, Gary. “Why Is Traditional Accounting Failing Managers?” Hospital Material Management Quarterly 20, no. 2 (November 1998): 72–80. Garrison, Ray H., and Eric W. Noreen. Managerial Accounting. 9th ed. Boston: Irwin McGraw-Hill, 1999. James Jiambalvo. Managerial Accounting. Fourth edition. University of Washington, 2008. Activity-based costing system: http://www.theacagroup.com/activitybasedcosting.htm Advantages, Disadvantages and Limitations of Activity Based Costing (ABC) System http://www.accountingformanagement.com/limitations_of_activity_based_costing.htm

You May Also Find These Documents Helpful

  • Good Essays

    References: Horngren, C., Sundem, G., Stratton, W., Burgstahler, D., and Schatzberg, J. (2008). Introduction to Management Accounting; Chapters 1-17, Fourteenth Edition. Upper Saddle River, NJ: Pearson/Prentice Hall…

    • 553 Words
    • 3 Pages
    Good Essays
  • Better Essays

    Jet2 Task 4

    • 2238 Words
    • 9 Pages

    The main difference between activity based costing and the traditional system is that activity based costing requires four steps to build its cost point. Traditional costing uses one rate where first, activity based costing must identify each activity and estimate its total and indirect cost. Second for activity based costing is that the cost driver for each activity must be estimated along with the total quantity of each driver’s allocation base. Third the cost allocation for each activity must be computed. Fourth costs to cost object are allocated. Activity-based costing focuses on activities. The costs of those activities become the building blocks for measuring (allocating) the costs of products and services. (Horngren, Harrison, Jr & Oliver, 2008) This method of costing does require more time to compute the cost to the activity yet it earns that money back plus dividends by having a more accurate forecast of the true costs that are associated with each activity.…

    • 2238 Words
    • 9 Pages
    Better Essays
  • Powerful Essays

    Post your assignment in the Assignment Section on your student web page. Post an Individual Certificate along with your assignment, not part of your assignment.…

    • 977 Words
    • 4 Pages
    Powerful Essays
  • Satisfactory Essays

    CERTIFICATE OF ORIGINALITY: I certify that the attached paper, which was produced for the class identified above, is my original work and has not previously been submitted by me or by anyone else for any class. I further declare that I have cited all sources from which I used language, ideas and information, whether quoted verbatim or paraphrased, and that any and all assistance of any kind, which I received while producing this paper, has been acknowledged in the References section. This paper includes no trademarked material, logos, or images from the Internet, which I do not have written permission to include. I further agree that my name typed on the line below is intended to have, and shall have the same validity as my handwritten signature.…

    • 594 Words
    • 3 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Vrjc assignment list

    • 306 Words
    • 2 Pages

    Be sure to select the version that prints a certificate. You will need to register.…

    • 306 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Edmonds, T., Olds, P., Tsay, B.. (2008). Fundamental managerial accounting concepts, 5th edition, chapter 13. McGraw-Hill/Irwin.…

    • 717 Words
    • 3 Pages
    Satisfactory Essays
  • Better Essays

    Jury Nullification

    • 1578 Words
    • 7 Pages

    CERTIFICATE OF ORIGINALITY: I certify that the attached paper, which was produced for the class identified above, is my original work and has not previously been submitted by me or by anyone else for any class. I further declare that I have cited all sources from which I used language, ideas and information, whether quoted verbatim or paraphrased, and that any and all assistance of any kind, which I received while producing this paper, has been acknowledged in the References section. This paper includes no trademarked material, logos, or images from the Internet, which I do not have written permission to include. I further agree that my name typed on the line below is intended to have, and shall have the same validity as my handwritten signature.…

    • 1578 Words
    • 7 Pages
    Better Essays
  • Powerful Essays

    Motivation and the Brain

    • 1465 Words
    • 6 Pages

    CERTIFICATE OF ORIGINALITY: I certify that the attached paper, which was produced for the class identified above, is my original work and has not previously been submitted by me or by anyone else for any class. I further declare that I have cited all sources from which I used language, ideas and information, whether quoted verbatim or paraphrased, and that any and all assistance of any kind, which I received while producing this paper, has been acknowledged in the References section. This paper includes no trademarked material, logos, or images from the Internet, which I do not have written permission to include. I further agree that my name typed on the line below is intended to have, and shall have the same validity as my handwritten signature.…

    • 1465 Words
    • 6 Pages
    Powerful Essays
  • Better Essays

    Mid Summer Nights Dream

    • 1562 Words
    • 7 Pages

    CERTIFICATE OF ORIGINALITY: I certify that the attached paper, which was produced for the class identified above, is my original work and has not previously been submitted by me or by anyone else for any class. I further declare that I have cited all sources from which I used language, ideas and information, whether quoted verbatim or paraphrased, and that any and all assistance of any kind which I received while producing this paper, has been acknowledged in the References section. This paper includes no trademarked material, logos, or images from the Internet which I do not have written permission to include. I further agree that my name typed on the line below is intended to have, and shall have the same validity as my handwritten signature.…

    • 1562 Words
    • 7 Pages
    Better Essays
  • Powerful Essays

    My Beliefs and Values

    • 1312 Words
    • 6 Pages

    CERTIFICATE OF ORIGINALITY: I certify that the attached paper, which was produced for the class identified above, is my original work and has not previously been submitted by me or by anyone else for any class. I further declare that I have cited all sources from which I used language, ideas and information, whether quoted verbatim or paraphrased, and that any and all assistance of any kind, which I received while producing this paper, has been acknowledged in the References section. This paper includes no trademarked material, logos, or images from the Internet, which I do not have written permission to include. I further agree that my name typed on the line below is intended to have, and shall have the same validity as my handwritten signature.…

    • 1312 Words
    • 6 Pages
    Powerful Essays
  • Powerful Essays

    I certify that all material in this dissertation which is not my own is duly acknowledged. I have read and understand the section in the programme handbook dealing with plagiarism…

    • 13537 Words
    • 55 Pages
    Powerful Essays
  • Better Essays

    Abc Classic Pen Company

    • 913 Words
    • 4 Pages

    Cited: Garrison, Ray H., Eric W. Noreen, and Peter C. Brewer. Managerial Accounting. 14th ed. New York: McGraw-Hill/Irwin, 2012. Print.…

    • 913 Words
    • 4 Pages
    Better Essays
  • Best Essays

    Williams, Jan R., Haka, Susan F., Bettner, Mark S., Meigs, Robert F. Financial and Managerial Accounting: The Basis for Business Decisions, 2002, p.848.…

    • 3146 Words
    • 13 Pages
    Best Essays
  • Powerful Essays

    Activity-Based Costing

    • 1690 Words
    • 7 Pages

    Activity-based costing (ABC) is an accounting method that allows businesses to gather data about their operating costs. Costs are assigned to specific activitiesuch as planning, engineering, or manufacturingnd then the activities are associated with different products or services. In this way, the ABC method enables a business to decide which products, services, and resources are increasing their profitability, and which are contributing to losses. Managers are then able to generate data to create a better budget and gain a greater overall understanding of the expenses that are required to keep the company running smoothly. Generally, activity-based costing is most effective when used over a long period of time, as opposed to shorter-term solutions such as the theory of constraints (TOC).…

    • 1690 Words
    • 7 Pages
    Powerful Essays
  • Best Essays

    Persoanal Development

    • 3180 Words
    • 13 Pages

    I confirm that the attached completed assignment is all my own work, and does not include any work completedby anyone other than myself. I have completed the assignment in accordance with the Institute’s instructions andwithin the time limits set by my Centre. By signing my name below I am agreeing that I have read andunderstood the Candidates Statement of Authenticity.…

    • 3180 Words
    • 13 Pages
    Best Essays