What You Need to Know About Textbook vs. SAP R/3 Activity-Based Costing
Meet the Experts
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Janet Salmon
Expert since 2019
The case for Activity-Based Costing (ABC) goes something like this: Traditional accounting methods do a good job of calculating product costs for the purposes of inventory valuation for financial statements, but a poor job of allowing a cost accountant to validate the cause-and-effect relationship assumptions on which managers base their daily decisions. The case for...
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