Traditional Costing versus Activity Based Costing

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Activity Based Costing Knowledge Center

Best Practices Ll Student (University) Traditional Costing versus Activity Based Costing When should I choose the traditional costing instead of ABC? Compared with traditional costing, what are the drawbacks of ABC? X Welcome to the Activity Based Costing best practices. The topic being discussed here is: "Traditional Costing versus Activity Based Costing". Will you join us? It's free. Log in   Joseph Rivera Manager, Philippines   ABC versus Traditional Accounting Traditional accounting has a purpose to meet a specific need. I think that ABC was not developed to replace traditional accounting, but rather to serve another type of need, specifically the allocation of oh cost because some people think that ABC is a better way to do it.   Nicolas Forgues Manager, France   ABC versus Traditional Accounting Clearly ABC is a form of analytical accounting but not linked to the organization as traditional accounting used to do it. ABC looks in a different way in order to allocate all indirect costs (not only overhead) in regard to standard activity of a business (i am in it) and if using same reference as other companies (in France, the ABC model has been standardized in it through cigref association) allows more quick and easy benchmark enhancing the capability to compare its own performance. I found it very complementary and useful especially if an industry is pretty much standardized or normalized in terms of activity definition and implementation.   van Boxtel Analyst, Netherlands   ABC versus Traditional Accounting It depends on what your information need is. If yo...   Joseph Rivera Manager, Philippines   ABC versus Traditional Accounting As the name suggests, it is the costing part in wh...   Leave a comment Share your knowledge or experience

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Activity Based Costing Knowledge Center

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