Activity-Based Costing: Helping Small and Medium-Sized Firms Achieve a Competitive Edge in the Global Marketplace

Foroughi, Abbas; Kocakülâh, Mehmet C.; Stott, Ann; Manyoky, Lionel

doi:10.22158/rem.v2n5p150

Cited by 6 publications

(8 citation statements)

References 32 publications

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“…Growing awareness of the importance of SMEs has provided the impetus for further investigation of the potential for ABC to help SMEs become competitive. ABC reduces costs, increases efficiency and strengthens innovation capacities due to creating more accurate information on the costs and through the provision of better information support to the decision-making process [3], [25], [12], [21], [18]. Generally, ABC is useful for SMEs and can be a tool for improving performance and creating and maintaining competitiveness of SMEs.…”

Section: Resultsmentioning

confidence: 99%

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Expectations and limitations of activity-based costing application in small and medium-sized enterprises

Todorović¹,

Janjić²,

Pašić³

2018

Ekonomika preduzeća

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U ovoj studiji ispitujemo primenu obračuna troškova po aktivnostima (ABC) u malim i srednjim preduzećima (SMEs). Ključno pitanje je koji faktori utiču na to da li će ABC unaprediti performanse i konkurentnost malih i srednjih preduzeća. Cilj naše studije je da se identifikuju efekti (očekivanja) i ograničenja primene ABC u malim i srednjim preduzećima. Pored ostalih faktora, očekivane koristi i potencijalna ograničenja su ključni faktori implementacije ABC, potencijalnog unapređenja performansi i konkurentnosti malih i srednjih preduzeća. Analiza je sprovedena na uzorku od 33 preduzeća iz sektora malih i srednjih preduzeća Srbije. Studija je pokazala da unapređenje performansi i obezbeđenje tačnijih informacija predstavljaju ključne koristi od implementacije ABC. Takođe, jedan od ključnih ograničavajućih faktora šire primene ABC u sektoru malih i srednjih preduzeća predstavlja nedostatak profesionalnih znanja i praktičnih veština.

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Section: Resultsmentioning

confidence: 99%

“…ABC can support SMEs in gaining and maintaining a competitive position in global economy [18]. ABC and activity-based management (ABM) can improve the profitability of SMEs [25].…”

Section: Introductionmentioning

confidence: 99%

Expectations and limitations of activity-based costing application in small and medium-sized enterprises

Todorović¹,

Janjić²,

Pašić³

2018

Ekonomika preduzeća

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“…35 More generally, SMEs lack access to technologies and have little knowledge about modern accounting techniques, limiting their growth on the worldwide market. 36 However, the economic instability related to the worldwide financial crisis has incentivised SMEs to change, focusing more on manufacturing processes 36 to improve their profitability 37 and reducing idle capacity , an expense impacting the bottom line through the ABC method. In this way, managers can make all efforts to reengineer manufacturing processes, using excess capacity to minimise production costs.…”

Section: Research Questionsmentioning

confidence: 99%

“…In this way, managers can make all efforts to reengineer manufacturing processes, using excess capacity to minimise production costs. 36 Indeed, ABC requires not only architectural changes and software design. To be effective, it also requires behavioural, organisational and administrative changes.…”

Section: Research Questionsmentioning

confidence: 99%

The contribution of cyber-physical production systems to activity-based costing in manufacturing. An interventionist research approach

Nota

Matonti

Bisogno

et al. 2020

International Journal of Engineering Business Management

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This study aims to investigate how the use of cyber-physical production systems (CPPS) in small manufacturing firms can facilitate the implementation of the activity-based costing (ABC) method in calculating production costs, thereby increasing the reliability of costing information for decision-making purposes. The collaboration between the research team and managers allowed an in-depth knowledge of the manufacturing problems at the investigated firm, facilitating the analysis of the manufacturing process through both a costing and a managerial perspective. Findings show that the integration of CPPS investments with the ABC method, through real-time measurement of resources by sensors, apps and part programs, leads to useful information about operations, allowing firms to improve performance and reduce resource consumption. As a result, a model of integration between the factory control system, communication network and production system is proposed.

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“…Activity-based costing (ABC) improves indirect power more accurately than traditional cost items is also used to improve the accuracy of cost analysis by improving the way tracking costs to cost objects. Activity-based costing (ABC) is then presented as a means for SMEs to achieve cost savings and transparency in their operations that can help achieve competitiveness in the global market (Foroughi, Kocakulah, Stott, & Manyoky, 2017).…”

Section: Introductionmentioning

confidence: 99%

Activity Based Costing Implementation to Determine MSME’s Cost Production

Setiawan

Reswanda

2018

ijieeb

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MSME’s are proven capable to survive after the crisis that occurred to maintain sustainability. In this global era, one of them is controlling costs, This study aims to determine the Cost Production of MSME’s Wader dan Olahan Sambal Bu Gito Surabaya located at Jl.Sidorukun 2 no.41, Surabaya for one month using the Activity Based Costing method to be more accurate in tracking Factory Overhead Costs based on activities related to production, this study used qualitative methods with a case study approach. The results of the study show that for Wader Original shows conditions under cost (6,05%), and for Wader Rempah Pedas, the same conditions are under cost (13,85%) compared to using traditional system. thus the use of ABC as a method of determining the cost production is more accurate, and can be applied by the company as a consideration making policies for the progress of companies and cost control procedures

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Activity-Based Costing: Helping Small and Medium-Sized Firms Achieve a Competitive Edge in the Global Marketplace

Abstract: Since the 1970s, Activity-Based Costing (ABC)

Cited by 6 publications

References 32 publications

Expectations and limitations of activity-based costing application in small and medium-sized enterprises

Expectations and limitations of activity-based costing application in small and medium-sized enterprises

The contribution of cyber-physical production systems to activity-based costing in manufacturing. An interventionist research approach

Activity Based Costing Implementation to Determine MSME’s Cost Production

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