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.

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 ...

Small-business owners have many options when choosing a manufacturing accounting system. While some systems are more suited for internal decision making, others are made for external financial ...

HOUSTON, June 9 /PRNewswire/ -- With a strong track record among major North American based corporations, Acorn Systems' leading profit improvement and Activity Based Costing solutions are now ...

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 ...

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 ...

Knowing costs is the price of admission to the construction industry. We simply cannot survive if we do not know, or are not able to estimate, the cost of the work and the cost of the resources used.

Over the years, I’ve seen leaders wrestle with the hidden impact of complexity on their businesses. They suspect it’s there, slowing everything down and piling on costs, but figuring out where it’s ...