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Activity-Based Costing for Small and Mid-Sized Businesses: An Implementation Guide (Wiley professional paperback series) epub download

by Douglas T. Hicks


Activity-Based Cost Management: An Executive's Guide (Wiley Cost Management .

Activity-Based Cost Management: An Executive's Guide (Wiley Cost Management Series Book 8). Gary Cokins. It is a bit technical so a person should at least understand what ABC is all about before venturing in, but Doug has unique experience in this area and applies his expertise in this book.

Activity-based costing, Small business. inlibrary; printdisabled; ; americana. urn:acs6:ck:pdf:7c4-b644daa9cf4b urn:acs6:ck:epub:dc6-e812114d45c6 urn:oclc:record:1023757380.

A practical, cost-effective guide to ABC for small to medium companies . Identifies the key cost related issues in organizations and shows how to develop a cost-flow structure that reflects the organization's cost behavior. Feature an ongoing case study throughout the book documents the model-building process. Provides a spreadsheet model blueprint that details data flows.

Published by John Wiley & Sons Inc, 2005. Condition: Good Hardcover. From Books Express (Kittery, ME, . Standard shipping can on occasion take up to 30 days for delivery. List this Seller's Books.

A practical, cost-effective guide to ABC for small to medium companies. Identifies the key cost related issues in organizations and shows how to develop a cost-flow structure that reflects the organization's cost behavior

A practical, cost-effective guide to ABC for small to medium companies. Shows how a cost model of an organization can be developed using basic spreadsheet software on a PC. show more. Feature an ongoing case study throughout the book documents the model building process.

This is one of the most useful books I have ever read for assisting small businesses in making product and pricing decisions.

Hubbell, W. 1996, "Combining Economic Value Added and Activity-Based Management," Journal of Cost Management, Vol. 10, No. 1, pp. 18-29. Small Business is Big Business.

The ABCs of competition

Activity-Based Costing for Small and Mid-Sized Businesses leaves the theorizing to think tanks and provides practical methods that help you gain a competitive advantage through greater understanding of your product and process costs. It shows you how your company can adopt ABC in a practical, cost-effective way without dismantling your current cost information systems.

By following the steps outlined in this book, you'll gain the benefits of accurate and relevant cost information, because, unlike many other books on this subject, Activity-Based Costing for Small and Mid-Sized Businesses is written by a practicing accountant, not an industrial engineer or an academic. Douglas T. Hicks shows you how to use an approach he developed while solving problems for real small and mid-sized companies. He helps you sharpen your competitive edge with:

A unique, proven method for developing and visualizing cost flows A spreadsheet model blueprint with data flows An ongoing case study to document the model-building process A special chapter dedicated to service businesses An entire section describing how ABC can be used to improve your overall decision support system

For controllers, cost accountants, owners and managers of small and mid-sized companies, this book offers a proven, practical alternative to the complex, high-cost ABC being promoted by others. It helps CPAs increase service to their clients and boost revenues for their firms. This method also allows educators to incorporate ABC into existing cost accounting courses.

Activity-Based Costing for Small and Mid-Sized Businesses: An Implementation Guide (Wiley professional paperback series) epub download

ISBN13: 978-0471196273

ISBN: 0471196274

Author: Douglas T. Hicks

Category: Business and Money

Subcategory: Accounting

Language: English

Publisher: Wiley (July 15, 1997)

Pages: 328 pages

ePUB size: 1298 kb

FB2 size: 1277 kb

Rating: 4.6

Votes: 347

Other Formats: doc lit mobi lrf

Related to Activity-Based Costing for Small and Mid-Sized Businesses: An Implementation Guide (Wiley professional paperback series) ePub books

Ballalune
Best book on the subject of calculating profitability. Two biggest failure points in small/medium business is lack of well designed marketing & failure to design a sales compensation plan that actually supports your net profitability goals. The urge to just knock doors or cold call everyone to shove a demo is a terrible way to run a business, usually resulting in excessive pressure from paying sales reps on commission only. In commission only the reps are starving for sales beat will up everyone. As direct result sales turn lethargic then failing because they don't hit your minimum net profit goals. Eventually the sales pressure turns to dispare, followed by good sales people & not so good quitting. Ideas from the concepts in this book can be used to create performance accounting points for keeping hard working employees properly paid and also having a valid EEOC termination criteria defined for non performance which increases the odds of a state Workforce Commission complaint being dismissed in the employers favor. When you pay commission only the odds of a complaint being filed dramatically increase.

We used this book to design a predictable profitable trajectory based in generally accurate costing of our activities, with justified upcharges for client requests that used to eat into our profit margins. Now even our upcharges have profit margin. It's allowed us to factor a reasonable base pay with commissions calculated by each sales reps contribution to net profit. An allocationwas added for semi lean yet effective marketing budget that targets only our best buyer profile. No more run around to push selingl anything. This clarity has immediate payback in providing a focus necessary to grow market share in our most profitable segment, finally abandoning the types of deals we used to get with low margins that would occur when sales reps get commissions paid on gross sales or by unit. Reps watch net profit since that's both their minimum performance metric to stay employed. Net revenue is our sole basis of commissions.

There is some abstraction required to implement the information to your specific need. Mr. Hicks examples helped us tune his advice to our need, after a few tries we had workable edition to start benefitting. If you get stuck you might consult a bookkeeper, CPA or the Author for some consulting assistance to get things right. While reading this guide, the definition it created is exactly what you need to "systemize" your plans on paper as preached in Gerber's Emyth Revisited (2001).

Mr. Hicks has done a commendable job telling the perspectives from an accountants view mixed with solid points of quality control for financial consistency. It has long term benefits.

After creating our version of the ABC spreadsheet to aide my net revenue commission goals, I hired a $25 hr php programmer to setup this ABC calculation table into our sales/marketing automation using the native "calculated fields" function as a form in our CRM to support consistency in the sales deals & matching comp plan. We now have the only truly integrated metric of performance in the form of combined Cost Per Lead Closed (CPLC). Number goes up there is problem, number goes down we are on a great trajectory.

My two dollar contribution is to include lead source (by campaign) into costing since an inbound call is far easier to close so should pay less (less ambitious order takers are standing by). As opposed to aggressive out bound campaign (deal hunters make you way more money) or third type which is compensated on increasing breath of your product sales mix by expanding into selling other items not just what was initially requested (increasing variety with deeper penetration). Using a sales mix to hit more profitable bonus pay should be the basis of your best paying commission. Good luck in your endeavors. Semper fidelis, Dave
Ballalune
Best book on the subject of calculating profitability. Two biggest failure points in small/medium business is lack of well designed marketing & failure to design a sales compensation plan that actually supports your net profitability goals. The urge to just knock doors or cold call everyone to shove a demo is a terrible way to run a business, usually resulting in excessive pressure from paying sales reps on commission only. In commission only the reps are starving for sales beat will up everyone. As direct result sales turn lethargic then failing because they don't hit your minimum net profit goals. Eventually the sales pressure turns to dispare, followed by good sales people & not so good quitting. Ideas from the concepts in this book can be used to create performance accounting points for keeping hard working employees properly paid and also having a valid EEOC termination criteria defined for non performance which increases the odds of a state Workforce Commission complaint being dismissed in the employers favor. When you pay commission only the odds of a complaint being filed dramatically increase.

We used this book to design a predictable profitable trajectory based in generally accurate costing of our activities, with justified upcharges for client requests that used to eat into our profit margins. Now even our upcharges have profit margin. It's allowed us to factor a reasonable base pay with commissions calculated by each sales reps contribution to net profit. An allocationwas added for semi lean yet effective marketing budget that targets only our best buyer profile. No more run around to push selingl anything. This clarity has immediate payback in providing a focus necessary to grow market share in our most profitable segment, finally abandoning the types of deals we used to get with low margins that would occur when sales reps get commissions paid on gross sales or by unit. Reps watch net profit since that's both their minimum performance metric to stay employed. Net revenue is our sole basis of commissions.

There is some abstraction required to implement the information to your specific need. Mr. Hicks examples helped us tune his advice to our need, after a few tries we had workable edition to start benefitting. If you get stuck you might consult a bookkeeper, CPA or the Author for some consulting assistance to get things right. While reading this guide, the definition it created is exactly what you need to "systemize" your plans on paper as preached in Gerber's Emyth Revisited (2001).

Mr. Hicks has done a commendable job telling the perspectives from an accountants view mixed with solid points of quality control for financial consistency. It has long term benefits.

After creating our version of the ABC spreadsheet to aide my net revenue commission goals, I hired a $25 hr php programmer to setup this ABC calculation table into our sales/marketing automation using the native "calculated fields" function as a form in our CRM to support consistency in the sales deals & matching comp plan. We now have the only truly integrated metric of performance in the form of combined Cost Per Lead Closed (CPLC). Number goes up there is problem, number goes down we are on a great trajectory.

My two dollar contribution is to include lead source (by campaign) into costing since an inbound call is far easier to close so should pay less (less ambitious order takers are standing by). As opposed to aggressive out bound campaign (deal hunters make you way more money) or third type which is compensated on increasing breath of your product sales mix by expanding into selling other items not just what was initially requested (increasing variety with deeper penetration). Using a sales mix to hit more profitable bonus pay should be the basis of your best paying commission. Good luck in your endeavors. Semper fidelis, Dave
doesnt Do You
Not a big book. Well written the case problems used in the book are developed is succeeding chapters to outline the design and mechanical operation of ABC systems and techniques.
I found the book very useful in studying unit operations for my employer and in studying them in ways that I would not previously have thought to do and then construct ABC models for them. In the case of one business the lessons I learned in this book enabled me to construct models that represented the problems of the business clearly. This information enabled action to be taken that improved the results achieved by the business by 18% (% sales) within 90 days.
Perhaps the answers could have been found by other means but this book put me on the right track and was readily implementable.
doesnt Do You
Not a big book. Well written the case problems used in the book are developed is succeeding chapters to outline the design and mechanical operation of ABC systems and techniques.
I found the book very useful in studying unit operations for my employer and in studying them in ways that I would not previously have thought to do and then construct ABC models for them. In the case of one business the lessons I learned in this book enabled me to construct models that represented the problems of the business clearly. This information enabled action to be taken that improved the results achieved by the business by 18% (% sales) within 90 days.
Perhaps the answers could have been found by other means but this book put me on the right track and was readily implementable.
riki
The example one has to work through in this book requires very patient reading. The concept is very good and I wish to have more different examples.
riki
The example one has to work through in this book requires very patient reading. The concept is very good and I wish to have more different examples.
Mushicage
This is a model of clear and effective writing and teaching. Certainly one of the best accounting books I've ever read, it gives you the tools to start ABC analysis at once and never strays into jargon. The many examples of different company types and the simple to use and understand spreadsheet analysis keeps you focused on the theory of ABC rather than minute details of allocations. A book to keep on your desk.
Mushicage
This is a model of clear and effective writing and teaching. Certainly one of the best accounting books I've ever read, it gives you the tools to start ABC analysis at once and never strays into jargon. The many examples of different company types and the simple to use and understand spreadsheet analysis keeps you focused on the theory of ABC rather than minute details of allocations. A book to keep on your desk.
Thundershaper
Douglas Hicks does a very credable job of making the material readable, using examples and clear text. An enjoyable read.
Thundershaper
Douglas Hicks does a very credable job of making the material readable, using examples and clear text. An enjoyable read.
Vushura
Activity Based Costing is a concept that hit the costing world by storm about thirty years ago, unfortunately after looking at it most businesses are put aback by the cost, either monetary or in human capital. There is an alternative, 'Making It Work for Small and Mid-Sized Companies' does exactly what it implies. It is a bit technical so a person should at least understand what ABC is all about before venturing in, but Doug has unique experience in this area and applies his expertise in this book. If you are a cost management professional in need of some help, this is the place to turn. It can help make you a hero at your company, imagine finally understanding your cost drivers and being able to dollarize them for useable action, what a concept.
Vushura
Activity Based Costing is a concept that hit the costing world by storm about thirty years ago, unfortunately after looking at it most businesses are put aback by the cost, either monetary or in human capital. There is an alternative, 'Making It Work for Small and Mid-Sized Companies' does exactly what it implies. It is a bit technical so a person should at least understand what ABC is all about before venturing in, but Doug has unique experience in this area and applies his expertise in this book. If you are a cost management professional in need of some help, this is the place to turn. It can help make you a hero at your company, imagine finally understanding your cost drivers and being able to dollarize them for useable action, what a concept.
Anayajurus
I can not quite imagine a single decision made in any company that does not concern cost. And, when it is about accurate costing, I can not imagine another book on business that can better assist than this one.
First, the author defines the concept, states the reasons why Activity Based Costing should be implemented in every company, and then thoroughly shows you how to do it. Since the main step-by-step example in the book concentrates on a small manufacturing organization, those who are applying the concept to service organizations may have a harder time making the translation to their specific situations. Still, I don't think that will be much of an issue. The book is very well-written and must be digested by every professional with a passion for improving their company and seize a competitive advantage.
Anayajurus
I can not quite imagine a single decision made in any company that does not concern cost. And, when it is about accurate costing, I can not imagine another book on business that can better assist than this one.
First, the author defines the concept, states the reasons why Activity Based Costing should be implemented in every company, and then thoroughly shows you how to do it. Since the main step-by-step example in the book concentrates on a small manufacturing organization, those who are applying the concept to service organizations may have a harder time making the translation to their specific situations. Still, I don't think that will be much of an issue. The book is very well-written and must be digested by every professional with a passion for improving their company and seize a competitive advantage.
This presents an easy how to approach to making ABC work in a Medium Size. Unlike other books on the topic that present theory with no guidance for implementation, this book gives a simple how to approach to implement ABC. I would recommend this book to anybody who is actual ready to make intellegent costing decisions for their Company.
This presents an easy how to approach to making ABC work in a Medium Size. Unlike other books on the topic that present theory with no guidance for implementation, this book gives a simple how to approach to implement ABC. I would recommend this book to anybody who is actual ready to make intellegent costing decisions for their Company.