The Institute of Management Accountants has released a new report explaining how accountants can improve their organization’s costing models, tools and information to support better decision making.

A process costing system is a technique used within the manufacturing industry to determine the total production cost of a unit of merchandise. It is particularly used in environments where production ...

Manufacturing organizations typically use traditional costing as a method of determining what it costs to make products. It combines an actual cost with a factor to calculate how to allocate indirect ...

The industry buzzword “rightsizing” has largely been associated with a focus on shrinking equipment fleets, yet one area that is regularly overlooked and arguably just as important to consider is the ...

Activity-based costing (ABC) is a method of assigning costs to products or services based on the resources that they consume. Its aim, The Economist once wrote, is “to change the way in which costs ...

Alles, M., S. Datar, and M. Gupta. "Tradeoffs within Costing Systems between Incentives and Measurement Objectives." Managerial Finance 24, no. 1 (January 1998): 1–18.

Another problem hampering IT managers who are trying to make data available to business executives on a real-time basis is their companies’ reliance on legacy accounting systems that are centered on ...

Activity-based costing (ABC) is an accounting method that allows businesses to gather data about their operating costs. Costs are assigned to specific activities—planning, engineering, or ...