Download or read book Competition and Cost Accounting written by V. G. Narayanan and published by . This book was released on 2013 with total page 66 pages. Available in PDF, EPUB and Kindle. Book excerpt: The central theme of Competition and Cost Accounting is that strategic considerations may make it desirable for a firm to have divisions and product managers internalize something other than their true costs. In the case of transfer prices, a high transfer price serves as a means of promoting tacit collusion. In the case of product cost measurement, an inferior cost allocation system that just spreads costs evenly may promote tacit collusion.
Download or read book Competition and Cost Accounting written by V. G. Narayanan and published by . This book was released on 2013 with total page 63 pages. Available in PDF, EPUB and Kindle. Book excerpt: Two of the most pervasive cost accounting systems for coordinating activities and facilitating decisions within firms are transfer pricing and product costing. These systems allow decentralized decision making that can take advantage of the local knowledge of managers. The choice of transfer prices and product costs also affects, and is affected by, the choice of similar systems by competing firms. In this monograph, we show that transfer prices, organizational structure, and firms' cost allocation system choices have a strategic impact on the product market in both Bertrand and Cournot settings. We show that the observability of and commitment to transfer prices are important factors that affect transfer prices and the strategic effect of transfer prices on the rival firm. But even in the absence of observability and commitment, we show that transfer prices have strategic effects, albeit more muted than in a setting that affords observability and commitment. Similarly, we show that firms' cost system choices have a strategic impact on rival firms. Surprisingly, these strategic effects sometimes have the result of an inferior cost system being chosen in equilibrium. Lastly, we consider a situation in which firms choose to specialize in a product market in order to obtain superior cost information. We show that sometimes firms may choose this strategy in equilibrium as an alternative to traditional costs systems that average costs across products without regard to their true consumption of resources. At other times, firms may choose a more refined cost system that yields better cost information in lieu of traditional cost systems. We thus show that a focused strategy of specializing in a product and a superior cost system may act as substitutes.
Download or read book Strategic Cost Management written by John K. Shank and published by Simon and Schuster. This book was released on 1993 with total page 298 pages. Available in PDF, EPUB and Kindle. Book excerpt: An indispensable guide for managers concerned with cost, strategy, and business re-engineering. Experts on the strategic use of cost data, the authors show how stategic cost management is revolutionizing accounting practices in leading companies. Includes numerous examples. 120 line drawings.
Download or read book Proceedings of the International Cost Conference written by National Association of Accountants and published by . This book was released on 1927 with total page 356 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Accounting and Control Systems for the New Industrial Competition written by Robert S. Kaplan and published by . This book was released on 1984 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Year Book and Proceedings of the International Cost Conference written by and published by . This book was released on 1927 with total page 356 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Cost Accounting Its Higher Organization and Control written by Wilfred Ainsworth and published by . This book was released on 1924 with total page 130 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Strategic Cost Analysis written by John K. Shank and published by McGraw-Hill/Irwin. This book was released on 1989 with total page 184 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Proceedings of the International Cost Conference written by National Association of Accountants and published by . This book was released on 1935 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Cases and Readings in Strategic Cost Management for Use with Cost Management written by Edward Blocher and published by McGraw-Hill/Irwin. This book was released on 1999 with total page 342 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Target Costing Approach written by Hendrik Vedder and published by GRIN Verlag. This book was released on 2008-12 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: Essay from the year 2007 in the subject Business economics - Controlling, grade: 1,3, European Business School - International University Schlo Reichartshausen Oestrich-Winkel, course: Vertiefung Controlling, 8 entries in the bibliography, language: English, abstract: Contemporary times are characterized by quick, dynamic, and continuing changes in the economy. Therefore, companies have to adapt flexibly and innovatively to these changes in order to stay competitive and cope with the increasing pressure of competition. In particular, Asian and East-European competitors gain market share by offering products of better quality than in earlier times and for lower costs. Under these conditions, costs represent a fundamental factor for the success of western companies. Accordingly, management and employees have to fully exploit the potential that cost management and reduction measures offer. However, costs are not the only buying decision criterion. Customers expect products with high quality but for a low or moderate price. Correspondingly, companies have to adjust their new product developments and production systems to market requirements. This can be achieved by the Target Costing approach, a tool that is applied in more and more companies. Therefore, the aim of this essay is to explain the goals and method of Target Costing. It starts with giving some background information about Target Costing and its historical development. Chapter three describes the goals of Target Costing. Then, the Target Costing process is explained in detail. Finally, this essay concludes by discussing that Target Costing is an effective cost management tool for developing new products according to market requirements. ...]
Download or read book Analytical Contribution Accounting written by W. Georges and published by Praeger. This book was released on 1987 with total page 280 pages. Available in PDF, EPUB and Kindle. Book excerpt: Business success or failure is often determined by decisions made in establishing selling prices for products and services. . . . In this clear and readable work, the authors present a good summary of the literature on pricing policy, emphasizing the relevance of costs. They propose a system that involves analyzing indirect costs to distinguish those that may be relevant to pricing in some circumstances but not others. This `analytical contribution accounting' has promise as a tool for many businesses. Students writing papers on costs and pricing policy would find this volume a useful starting point. The bibliography is good. . . . College and university collections. Using practical examples and simple language, this book develops an accounting system that is a new and functional key to making product pricing decisions. This accounting system, which bridges the gap between full and direct costing, is called Analytical Contribution Accounting. Georges and McGee demonstrate practically as well as theoretically why it is so superior for pricing purposes. The system is based on the relativity aspects implicit in the direct cost method, and on the calculations of a set of differentiated contributions.
Download or read book The Routledge Companion to Cost Management written by Falconer Mitchell and published by Routledge. This book was released on 2013-08-22 with total page 409 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over the last two decades, cost management has been an area of dynamic change and development. This is evident in the extensive inventory of new, high-profile techniques that have emerged. With cost management now firmly established as a distinct sub-discipline within management accounting, The Routledge Companion to Cost Management is a timely reference volume covering both practical developments and research in this area. Topics covered include: Cost control issues Cost analysis and decision making Cost management systems Environmental cost management With chapters from an international team of contributors, this prestigious companion will prove an indispensible addition to any library with aspirations of keeping up-to-date with the world of accounting.
Download or read book Cost Accounting and Cost Reporting for Federal Agencies written by United States. Congress. Senate. Committee on Commerce and published by . This book was released on 1935 with total page 108 pages. Available in PDF, EPUB and Kindle. Book excerpt: Considers (74) H.R. 200, (73) H.R. 6038, (74) S. 1.
Download or read book Cost Management Problem Solving Guide written by Leslie G. Eldenburg and published by Wiley. This book was released on 2005-01-24 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Cost Management" was written in response to changes in the global business environment. Unbridled access to information and intense competition has meant that cost accounting has become an increasingly important tool for managers and accountants alike. Most textbooks focus on content knowledge and then expect students to 'magically' demonstrate skills such as decision-making and critical thinking. "Cost Management" better prepares students for professional success by bridging the gaps between Knowledge, Skills and Abilities. Many students fail to recognize the assumptions, limitations, behavioral implications and qualitative factors that influence managerial decision-making. The dynamic, new author team focuses on cost accounting methods, techniques and the quality of cost accounting information used for decision-making to deliver a thoroughly modern treatment of cost accounting topics.
Download or read book Strategic Cost Transformation written by Reginald Tomas Lee and published by Business Expert Press. This book was released on 2018-12-06 with total page 178 pages. Available in PDF, EPUB and Kindle. Book excerpt: Strategic Cost Transformation offers a new framework, business domain management, which creates a comprehensive picture of your organization for improved cash based decision-making. Your product costs $2.86 to make. What does the number tell you about your operations, how effectively they were run, demand, or how much money you spent on capacity? Nothing. Shouldn’t you know? Accounting information creates a limited picture of operations and true cash performance. Strategic Cost Transformation offers a new framework, business domain management, which creates a comprehensive picture of your organization for improved cash based decision-making.
Download or read book Transfer of Cost Accounting Standards Board written by United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs and published by . This book was released on 1980 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt:
