ABC Focus - Activity Based Costing

By: Strategic Focus  08-Sep-2011
Keywords: Accounting and Financial Software

ABC Focus is an activity based costing system that guides you through the process of working out what your cost of products and services are including Direct Costs, Overheads and the cost of Capital Employed. It works independently or with Cash Focus to make budgeting and forecasting direct costs and expenses more accurate. It uses a traditional activity based costing methodology in a two-step process Firstly to allocate your budgets and forecasts to key operational activities or cost pools using expense drivers. Secondly - once the key activities are costed they are allocated to the products and services provided using resource drivers. Any surplus resources are simply allocated to excess capacity for further analysis. When compared to revenues the result tells you which products and services are making a true return or not. Once the model is created what if’s on volume will tell you the additional resources deficit or surplus’s available.

Keywords: Accounting and Financial Software

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