Costing

Understanding costs: Part 2 — resource-based costing

A new approach to costing relies on an integrated approach to looking at costs, resources, activities, and cost objects — leading to insight for strategy and operations.

Understanding costs: Part 1 — costing concepts

Costing systems have evolved very little over recent decades, with activity-based costing in the late-1980s probably being the last major development.

Finance leaders do more than cost cuts to battle elevated input prices

Companies renegotiate terms, diversify sourcing, and focus on adding value and expanding markets to stave off rising input prices.

Finding the key to strategic cost management

Finance departments need to lead the way when it comes to reducing expenses in the long term.

The art of managing cost without a budget

A senior adviser at Scandinavia’s largest company explains what it means to “kick out the budget”.

How companies are managing costs to transform

How do businesses manage costs to invest in new technologies? A Deloitte partner shares findings from a global survey.

Bringing value to healthcare using cost accounting

Professionals at the UK’s National Health Service are using principles that date back to cost accounting’s roots as they employ a data-centric approach to improving patient care and efficiency in treatment.

Modernising cost management systems in emerging economies

Small and midsize companies in emerging countries must pay special attention to modernising their cost management.

Strategic objective costing: A new tool for improving resource allocation

Alasdair Macnab, FCMA, CGMA, has reengineered the Balanced Scorecard to create a system for measuring the HR and financial costs of meeting strategic objectives. Macnab explains the approach and how it can be used to make good decisions about allocating scarce resources.

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Costing

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