costing methods posts. Management tools for the manager

Activity Based Management (ABM)

February 17th, 2014

This article explains the Activity Based Management (ABM) in a practical way. After reading you will understand the basics of this powerful financial management tool. What is Activity Based Management? All organizations want to perform optimally and avoid or reduce…

Financial Management

Zero Based Budgeting (ZBB)

February 10th, 2014

This article explains Zero Based Budgeting (ZBB) in a practical way. After reading you will understand the basics of this powerful financial management tool. What is Zero Based Budgeting (ZBB)? Zero Based Budgeting is a reverse approach of traditional …

Financial Management

Direct Costing

January 7th, 2014

This article explains the Direct Costing in a practical way. After reading you will understand the basics of this powerful financial management tool. What is Direct Costing (DC)? There are several methods of cost calculations to calculate costs when…

Financial Management

Absorption Costing

December 14th, 2013

This article explains Absorption Costing in a practical way. After reading you will understand the basics of this powerful financial management tool. What is Absorption Costing? There are several costing methods that can be used with respect to the recognition…

Financial Management

Activity Based Costing (ABC)

November 16th, 2013

This article explains Activity based costing (ABC) by Robert Kaplan in a practical way. After reading you will understand the basics of this powerful financial management tool. What is Activity Based Costing? Activity Based Costing (ABC) is a system…

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Robin Cooper

November 14th, 2013

Robin Cooper is professor of financial management in the area of designing and practising of costing systems. He is the founder of financial systems like the M-approach and Activity Based Costing. Biography Robin Cooper Robin Cooper obtained his BSc. in…