Business, Management and Accounting
8 years ago

New Costing System Corrects Information Distortion and Boosts Business Efficiency.

1 view
Journal of Harbin University of Commerce
Design Activity-based Costing Accounting System Based on the Individual Cost Method
Quanli Yang

Paper Summary

The article suggests a new way to calculate costs in businesses called individual cost method, which is simpler than activity-based costing. By using this method, companies can get more accurate cost information without needing to fully implement activity-based costing. This approach can help improve cost accuracy and make it easier for businesses to adopt activity-based costing in the future.

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