The integration time-driven Activity-Based Costing (TDABC) and events approach: Their role in decisionmaking and their effect on tourism.
The importance of using modern techniques in providing cost-effective information has been demonstrated. The current study reveals that the administration can trust these techniques via measuring the real-time product costs per each activity achieved. It copes with the problems caused using the ABC...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
AfricaJournals
2019-07-01
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| Series: | African Journal of Hospitality, Tourism and Leisure |
| Subjects: | |
| Online Access: | https://www.ajhtl.com/uploads/7/1/6/3/7163688/article_12_special_edition_cut_2019_iraq.pdf |
| _version_ | 1818409504361938944 |
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| author | Mohanad Abdul Rahman Miaad Hameed Ali Ruaa Hussein Abdual Hussein |
| author_facet | Mohanad Abdul Rahman Miaad Hameed Ali Ruaa Hussein Abdual Hussein |
| author_sort | Mohanad Abdul Rahman |
| collection | DOAJ |
| description | The importance of using modern techniques in providing cost-effective information has been demonstrated. The current study reveals that the administration can trust these techniques via measuring the real-time product costs per each activity achieved. It copes with the problems caused using the ABC system in the treatment of industrial allocation of indirect costs and distribution to the product unit process. Activity-based costing (ABC) is then a costing method that recognizes activities in an organization and allocates the cost of each activity to all products and services according to the actual consumption of each. This model assigns more indirect costs (overhead) into direct costs compared to conventional costing. The price of the product per unit is calculated according to the integration of TDABC and the events approach in a factory. The outcomes of the current research showed that the combination of both an Events approach and Time-Driven Activity-Based Costing have an impact on the economic entity to distribute costs (TDABC). Time driven ABC reduces the amount of data required, and only needs estimates of: (1) the real-world capacity of dedicated resources and their cost, and (2) unit times for accomplishing transactional activities. The cost allocation to activities with higher accurate consequences by relying on the time spent on these activities and the share of each product from the time were studied. |
| first_indexed | 2024-12-14T10:00:40Z |
| format | Article |
| id | doaj.art-c526f03135904afba6abf4ab491298b3 |
| institution | Directory Open Access Journal |
| issn | 2223-814X |
| language | English |
| last_indexed | 2024-12-14T10:00:40Z |
| publishDate | 2019-07-01 |
| publisher | AfricaJournals |
| record_format | Article |
| series | African Journal of Hospitality, Tourism and Leisure |
| spelling | doaj.art-c526f03135904afba6abf4ab491298b32022-12-21T23:07:17ZengAfricaJournalsAfrican Journal of Hospitality, Tourism and Leisure2223-814X2019-07-018special editionThe integration time-driven Activity-Based Costing (TDABC) and events approach: Their role in decisionmaking and their effect on tourism.Mohanad Abdul Rahman 0 Miaad Hameed Ali1 Ruaa Hussein Abdual Hussein2College of Economic Sciences University Baghdad, Iran College of Administration and Economics University of Baghdad, Iran Madenat Alelem University College, Iran The importance of using modern techniques in providing cost-effective information has been demonstrated. The current study reveals that the administration can trust these techniques via measuring the real-time product costs per each activity achieved. It copes with the problems caused using the ABC system in the treatment of industrial allocation of indirect costs and distribution to the product unit process. Activity-based costing (ABC) is then a costing method that recognizes activities in an organization and allocates the cost of each activity to all products and services according to the actual consumption of each. This model assigns more indirect costs (overhead) into direct costs compared to conventional costing. The price of the product per unit is calculated according to the integration of TDABC and the events approach in a factory. The outcomes of the current research showed that the combination of both an Events approach and Time-Driven Activity-Based Costing have an impact on the economic entity to distribute costs (TDABC). Time driven ABC reduces the amount of data required, and only needs estimates of: (1) the real-world capacity of dedicated resources and their cost, and (2) unit times for accomplishing transactional activities. The cost allocation to activities with higher accurate consequences by relying on the time spent on these activities and the share of each product from the time were studied.https://www.ajhtl.com/uploads/7/1/6/3/7163688/article_12_special_edition_cut_2019_iraq.pdfCost-allocationtechnologyeventsABC |
| spellingShingle | Mohanad Abdul Rahman Miaad Hameed Ali Ruaa Hussein Abdual Hussein The integration time-driven Activity-Based Costing (TDABC) and events approach: Their role in decisionmaking and their effect on tourism. African Journal of Hospitality, Tourism and Leisure Cost-allocation technology events ABC |
| title | The integration time-driven Activity-Based Costing (TDABC) and events approach: Their role in decisionmaking and their effect on tourism. |
| title_full | The integration time-driven Activity-Based Costing (TDABC) and events approach: Their role in decisionmaking and their effect on tourism. |
| title_fullStr | The integration time-driven Activity-Based Costing (TDABC) and events approach: Their role in decisionmaking and their effect on tourism. |
| title_full_unstemmed | The integration time-driven Activity-Based Costing (TDABC) and events approach: Their role in decisionmaking and their effect on tourism. |
| title_short | The integration time-driven Activity-Based Costing (TDABC) and events approach: Their role in decisionmaking and their effect on tourism. |
| title_sort | integration time driven activity based costing tdabc and events approach their role in decisionmaking and their effect on tourism |
| topic | Cost-allocation technology events ABC |
| url | https://www.ajhtl.com/uploads/7/1/6/3/7163688/article_12_special_edition_cut_2019_iraq.pdf |
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