ACCOUNTING AND STATISTICS

Accounting and Statistics

Accounting and Statistics

It is argued by ABC proponents that the system provide accurate measures of the costs especially in certain cases. So, it is useful for decision making in pricing policies. In addition, it is shown in these cases how the system can reveal insufficiencies of performance and waste of resources by highlighting the activities that need to be revised, eliminated, merged, or improved. It is also, argued that the system helps in making important economic decisions such as sourcing and restructuring.

First of all, early supporters of the systems concentrated of the accuracy of cost computation ...