From the course: Activity-Based Costing
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Advising stakeholders on outcomes
From the course: Activity-Based Costing
Advising stakeholders on outcomes
- Many people I've spoken with see activity based costing as some kind of an accounting theme. Now part of the reason for this could just be as simple as the fact that ABC is often run out of finance departments. Now don't get me wrong. There is a heavy technical component to delivering a successful ABC, and depending on how complex the model is, it may be rather sophisticated, but I see ABC as a vehicle that can solve business problems rather than accounting ones. Accounting is purely an input into ABC. So, with this in mind, it's important that you are able to articulate the outcomes of ABC, in a way that respects the requirements of accountants, but more importantly, does it in a way that addresses the business's needs. And there are no major surprises here. Simply take the time to write up your findings, and then meet with the relevant ABC stakeholders, and step them through your insights. Depending on how complex your model is, the depth of detail in your report may differ, but…
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