Theoretical Framework and an Overview of the Cost Drivers that are Applied in Universities for Allocating Indirect Costs

Toompuu, Katrin; Põlajeva, Tatjana

doi:10.1016/j.sbspro.2013.12.948

Cited by 15 publications

(13 citation statements)

References 10 publications

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“…http://journal.uinjkt.ac.id/index.php/esensi DOI: https://doi.org/10.15408/ess.v9i1.10336 Allocation of indirect or overhead costs to costs object requires bases for cost allocation which is fundamental for developing costing methodology (Toompuua & Põlajevaa, 2014). Hence, as part of questionnaire, respondents were also asked to provide feedback on allocation source for product costing used in their firms (more than one basis for allocation was allowed).…”

Section: General Demographic Information On Smes and Respondents Is Pmentioning

confidence: 99%

Assessing Implementation of Managerial Accounting Practices: Perspective of Pakistani SMEs

Zehra

Ahmed

2019

Esensi

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With increasing production cost and growing local and international competition, accountants within Small and Medium Enterprises (SMEs) are largely encumbered with the onus of cost control. Through this paper, we empirically examine use and perceived importance of cost management accounting practices within Pakistani manufacturing SMEs. The cross-sectional study is conducted under descriptive research design. Findings from survey questionnaire of 44 manufacturing SMEs indicate that process costing method is widely used and complexity in production process is main difficulty faced by SMEs in product costing. Descriptive analysis indicates that SMEs mainly use product costing information to make pricing decisions of products, profitability calculation and in decision making for new products. SMEs prefer to employ conventional tools like planning and control, budgeting and strategic planning for decision making purposes. Limited sample size under descriptive analysis restricts applicability and generalizability. Our study makes novel contribution in the domain of cost management practices in SMEs since majority of literature is available on cost management practices adopted by only large corporates within Pakistan.

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Section: General Demographic Information On Smes and Respondents Is Pmentioning

confidence: 99%

Assessing Implementation of Managerial Accounting Practices: Perspective of Pakistani SMEs

Zehra

Ahmed

2019

Esensi

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“…Industry wise statistics from Table 3 reveal further that SMEs in textile industry mainly consider production complexity; SMEs within automobile/parts, textile, chemicals/plastics and food consider lack of adequate information and SME in food business consider lack of appropriate software as the main difficulty in product costing. 126 http://journal.uinjkt.ac.id/index.php/esensi DOI: https://doi.org/10.15408/ess.v9i1.10336 Allocation of indirect or overhead costs to costs object requires bases for cost allocation which is fundamental for developing costing methodology (Toompuua & Põlajevaa, 2014). Hence, as part of questionnaire, respondents were also asked to provide feedback on allocation source for product costing used in their firms (more than one basis for allocation was allowed).…”

Section: Resultsmentioning

confidence: 99%

Full Issue Vol. 9(1), 2019

Esensi¹

2019

Esensi

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“…Finally, in 2014, Toompu and Polajeva found in order to improve the accuracy and credibility of ABC calculation, a university should select an optimum number of cost drivers. They also revealed a list of cost drivers that can be used by a university [8].…”

Section: Literature Reviewmentioning

confidence: 99%

“…While studies conducted by Toompuu and Polajeva, and Balachandran and Babad, focus on cost drivers in educational institutions. In addition, studies conducted by Moghadam focus on the ABC model in a university [3,8,9]. Those researches do not focus on detail calculation of ABC thus our study makes a contribution to the practice by providing the ABC calculation in a higher education institution and uses the calculation to set an optimum tuition fee.…”

Section: Introductionmentioning

confidence: 99%

Activity Based Costing to Determine Tuition Fee in University: A case study

Lestari¹,

Mardiani²

2019

Proceedings of the 1st International Conference on Economics, Business, Entrepreneurship, and Finance (ICEBEF 2018)

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Since the competition between universities become more competitive thus it raises the urge to the universities to increase their quality, service and facilities. As an impact, universities need more fund to improve their quality. Even though universities are nonprofit organization, universities need the fund to support their operational activities and most private universities rely on tuition fee. Thus, university needs accurate cost calculation to support their activities. One of the best costing method is Activity Based Costing (ABC). The aim of this research is to determine tuition fee in a private university by using ABC calculation. This research uses a descriptive qualitative and within this qualitative research paradigm, a case study design is used to explain the calculation process. The results found that ABC can provide accurate cost allocation to determine the optimum tuition fee for each student. The number of paper that discussing ABC implementation in higher education institution in Indonesia is still limited, thus this paper adds the number of papers that provide ABC calculation to determine optimum tuition fee in a higher education institution.

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Theoretical Framework and an Overview of the Cost Drivers that are Applied in Universities for Allocating Indirect Costs

Cited by 15 publications

References 10 publications

Assessing Implementation of Managerial Accounting Practices: Perspective of Pakistani SMEs

Assessing Implementation of Managerial Accounting Practices: Perspective of Pakistani SMEs

Full Issue Vol. 9(1), 2019

Activity Based Costing to Determine Tuition Fee in University: A case study

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