Activity based costing, time-driven activity based costing and lean accounting: differences among three accounting systems' approach to manufacturing

Rodríguez Monroy, Carlos and Nasiri, Azadeh and Pelaez Garcia, Miguel Angel (2012). Activity based costing, time-driven activity based costing and lean accounting: differences among three accounting systems' approach to manufacturing. In: "6th International Conference on Industrial Engineering and Industrial Management y del XVI Congreso de Ingeniería de Organización", 18/07/2012 - 20/07/2012, Vigo, España. pp. 401-408.

Description

Title: Activity based costing, time-driven activity based costing and lean accounting: differences among three accounting systems' approach to manufacturing
Author/s:
  • Rodríguez Monroy, Carlos
  • Nasiri, Azadeh
  • Pelaez Garcia, Miguel Angel
Item Type: Presentation at Congress or Conference (Article)
Event Title: 6th International Conference on Industrial Engineering and Industrial Management y del XVI Congreso de Ingeniería de Organización
Event Dates: 18/07/2012 - 20/07/2012
Event Location: Vigo, España
Title of Book: 6th International Conference on Industrial Engineering and Industrial Management y del XVI Congreso de Ingeniería de Organización
Date: 2012
Subjects:
Freetext Keywords: Accounting, Activity Based Costing, Time-Driven Activity Based Costing, Lean Accounting, Manufacturing
Faculty: E.T.S.I. Industriales (UPM)
Department: Ingeniería de Organización, Administración de Empresas y Estadística
Creative Commons Licenses: Recognition - No derivative works - Non commercial

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Abstract

Choosing an appropriate accounting system for manufacturing has always been a challenge for managers. In this article we try to compare three accounting systems designed since 1980 to address problems of traditional accounting system. In the first place we are going to present a short overview on background and definition of three accounting systems: Activity Based costing, Time-Driven Activity Based Costing and Lean Accounting. Comparisons are made based on the three basic roles of information generated by accounting systems: financial reporting, decision making, and operational control and improvement. The analysis in this paper reveals how decisions are made over the value stream in the companies using Lean Accounting while decisions under the ABC Accounting system are taken at individual product level, and finally we will show how TD-ABC covers both product and process levels for decision making. In addition, this paper shows the importance of nonfinancial measures for operational control and improvement under the Lean Accounting and TD-ABC methods whereas ABC relies mostly on financial measures in this context.

More information

Item ID: 19409
DC Identifier: http://oa.upm.es/19409/
OAI Identifier: oai:oa.upm.es:19409
Official URL: http://cio2012.adingor.es/es/welcome/
Deposited by: Memoria Investigacion
Deposited on: 22 Dec 2013 08:52
Last Modified: 21 Apr 2016 17:40
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