Does Your Costing System Need a Tune-up?

Firms of all sizes have adopted activity-based costing (ABC), a cornerstone of modern cost management. Perhaps yours is one of them. But despite initial widespread use, the ABC system in many companies suffers from benign neglect as new initiatives take center stage. To help you reenergize your syst...

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Bibliographic Details
Published in:Strategic finance (Montvale, N.J.) N.J.), 2009-06, Vol.90 (12), p.47
Main Authors: Waldrup, Bobby E, MacArthur, John B, Michelman, Jeffrey E
Format: Magazinearticle
Language:English
Subjects:
Accounting
Activity based costing
Balanced Scorecard
Capital costs
Case studies
Cost control
Customer services
Decision making
Electric utilities
Initiatives
Internal customers
Six Sigma
Software
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Summary:Firms of all sizes have adopted activity-based costing (ABC), a cornerstone of modern cost management. Perhaps yours is one of them. But despite initial widespread use, the ABC system in many companies suffers from benign neglect as new initiatives take center stage. To help you reenergize your system, this article will profile JEA, one of the largest municipal utilities in the US, and the innovative steps they have taken with their ABC system. The lessons learned will help you reignite your company's ABC system or help you avoid similar problems if you haven't gotten there yet.
ISSN:1524-833X